Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures were little changed on Thursday in technically driven trade amid a lack of fresh fundamental news following a pause in trading on Wednesday’s U.S. Independence Day holiday. Most active live cattle futures finished narrowly mixed as traders awaited deals in U.S. Plains cash cattle […] Read more
U.S. livestock: Cattle, hogs about flat in technical trading
U.S. livestock: Cattle, hogs gain on pre-holiday technical buying
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were mostly higher on Tuesday, with some hog and cattle contracts hitting multi-month peaks on technical buying ahead of Wednesday’s U.S. Independence Day holiday, traders and analysts said. CME July lean hog futures climbed to their highest since Feb. 26, settling up 0.525 cent to 83.725 […] Read more
U.S. livestock: Feeder cattle jump as corn prices drop
Chicago | Reuters — U.S. feeder cattle futures rose to nearly four-month highs on Monday as declining feed prices boosted demand for the variety of cattle fattened and then sold to beef packers. Live cattle futures, reflecting the animals already fattened for slaughter, were narrowly higher while lean hogs were widely mixed on the Chicago […] Read more
U.S. livestock: Cattle futures limit up on better cash sales
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the higher prices in the more […] Read more
U.S. livestock: Hog futures higher on spreading
Chicago | Reuters — U.S. lean hog futures were narrowly higher in bull-spreading on Thursday as some investors exited positions in nearby contract months ahead of a quarterly government supply report that was released after the close of trading. The U.S. Department of Agriculture in the report said the U.S. hog herd as of June […] Read more
U.S. livestock: Early-week cash prices buoy CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, lifted by initial prices for market-ready, or cash, cattle and short-covering after recent market losses, traders said. Thinly traded June futures, which will expire on Friday, led advances. Some investors bought that contract and simultaneously sold deferred months in a trading strategy […] Read more
U.S. livestock: CME hogs bounce back on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange hog futures finished higher on Tuesday after short-covering and bargain buying reversed recent market losses amid trade fears, analysts said. Hog farmers in the U.S. may face another wave of higher tariffs by China, which placed stiff retaliatory duties on U.S. pork imports in early April. CME hogs […] Read more
U.S. livestock: Hogs sink on weak cash markets, packer margins
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Friday as falling cash hog prices and poor packer margins weighed on the market, traders said. Worries over slowed pork export demand due to threatened retaliatory tariffs by key trading partners, including Mexico and China, also weighed on the hog market. […] Read more
U.S. livestock: Bargain buying pares some CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also […] Read more
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