Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled higher on Thursday, and the July contract notched fresh highs, supported by their discounts to cash prices and fund buying prior to the U.S. Department of Agriculture’s neutral quarterly hog report, said traders. USDA’s report showed a record number of hogs for the March-May […] Read more
U.S. livestock: CME hog futures climb ahead of USDA report
U.S. livestock: CME live cattle up on bargain buying after selloff
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.65 cent/lb. higher at […] Read more
U.S. livestock: Live cattle futures erase Monday’s rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its three-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. June, […] Read more
U.S. livestock: Live cattle sharply higher, shrug off USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial […] Read more
U.S. livestock: CME live cattle rally before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, with support from buy stops and late-session short-covering before the afternoon’s U.S. Department of Agriculture monthly Cattle on Feed report, said traders. Analysts viewed the report as mildly bearish for live cattle futures on Monday due to May cattle placements that […] Read more
U.S. livestock: CME live cattle sag with cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a second straight day on Thursday, pressured by fallen cash and wholesale beef values, said traders. June, which will expire on June 30, closed 0.875 cent/lb. lower at 118.625 cents (all figures US$). Most actively-traded August finished 1.075 cents lower at 114.275 cents. […] Read more
U.S. livestock: Hogs hit one-year high as pork prices extend gains
Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more
Hog rally good news, but exports needed long-term
CNS Canada — The recent rally in U.S. hog futures offers hedging opportunities and cash prices are supported for the short term, but Tyler Fulton at Hams Marketing tempers optimism for the longer-term outlook. “We have advocated for hedging, particularly for the fall and winter timeframe,” he said. However, he cautioned, the current rally is […] Read more
U.S. livestock: Cattle settle mostly lower on technical selling
Chicago | Reuters — U.S. live cattle and feeder cattle futures were mostly lower in a technical selloff on Tuesday, with each declining to the lowest levels in about two months before trimming losses. Broad selling in many commodities, led by crude oil, further weighed on cattle at the Chicago Mercantile Exchange. “We had a […] Read more
U.S. livestock: Hogs surge to one-year high
Chicago | Reuters — U.S. hog futures surged as much as four per cent on Monday, lifted by investment fund buying and higher pork prices that boosted meatpackers’ profit margins, traders and analysts said. Hogs on a continuous chart rose to the highest levels since last June 23. Most-active Chicago Mercantile Exchange August lean hog […] Read more
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