Chicago | Reuters — U.S. cattle futures rose on Thursday after the U.S. Department of Agriculture trimmed its forecast for how much beef the nation will produce this year. In a monthly supply and demand report, USDA pegged 2018 beef output at 26.9 billion pounds, down 0.6 per cent from its September estimate. The agency […] Read more
U.S. livestock: Cattle futures rise on cut in beef production estimate
U.S. livestock: Hog, cattle futures lower on plentiful supplies
Chicago | Reuters — U.S. hog futures fell for the third day in a row on Wednesday, with the market under pressure from plentiful supplies, traders said. Cattle futures also closed lower, sinking to their lowest in nearly a month. Heavy rains in key production areas were spurring producers to market their animals more quickly, […] Read more
U.S. livestock: Hog futures slump on ample supplies
Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Tuesday, weighed down by technical selling and expectations that supply will increase, traders said. Cattle futures were only slightly lower on the Chicago Mercantile Exchange, staying within the narrow range that has defined the trade for weeks. CME December hogs, […] Read more
U.S. livestock: Lean hogs, live cattle approach seven-month highs
Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed to their highest prices in about seven months on Monday. Pushing cattle futures higher was optimism that cash prices will improve this week, traders said. Fed cattle in Texas and Kansas stayed mostly steady last week at about $111/cwt in the […] Read more
U.S. livestock: Lean hogs extend recovery, near six-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to their highest prices in about six months on Friday on technical buying. CME October hogs reached a session high of 68.825 cents/lb., the contract’s highest price since April 19, before paring gains (all figures US$). It ended up 0.7 cent/lb., at 68.2 cents. […] Read more
U.S. livestock: Hog, cattle contracts end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly lower on Thursday, with deferred contracts setting back on a round of profit-taking. The front-month October hogs contract ended slightly higher, but closed below session peaks, in thin trading. Live cattle contracts followed a similar pattern to the hogs, with the front-month contract […] Read more
U.S. livestock: CME lean hogs touch highest since April
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for the fourth consecutive session on Wednesday and touched their highest prices in more than five months. CME October hogs traded up to 67.550 cents/lb., the contract’s highest price since April 20, before paring gains (all figures US$). It ended up 1.05 cents, to […] Read more
U.S. livestock: CME cattle futures extend rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for the third day in a row on Tuesday, with the market still underpinned by the trade deal among the U.S., Canada and Mexico, traders said. But technical buying pulled prices from their highs and the market failed to take out the 5-1/2-month high […] Read more
U.S. livestock: CME cattle futures jump on trilateral trade pact
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to their highest prices since April on Monday after the U.S., Canada and Mexico said they struck a deal on a trilateral trade pact. News of the agreement, reached over the weekend, eased concerns that the United States would exit the North American Free […] Read more
U.S. livestock: CME lean hogs, cattle rise on month-end buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday, with the most-active December contract jumping more than four per cent on short-covering at the end of the month and quarter, traders said. CME October hogs settled up 0.875 cent at 62.175 cents/lb. and December rose 2.45 cents at 57.925 (all figures […] Read more
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