Chicago / Reuters – Chicago Mercantile Exchange lean hogs on Thursday settled near their lowest since late-March 2013, dragged down by weaker cash prices before some plants shut down on Monday for an annual industry floater holiday, traders said. One packer was closed on Thursday, and possibly on Friday, for repairs, which limited its need for supplies, a Midwest hog merchant […] Read more
U.S. livestock: Slumping cash prices sink CME hogs to four-month low
U.S. livestock: CME hog futures biggest one-day loss in seven months
Chicago / Reuters – Chicago Mercantile Exchange lean hogs on Wednesday slumped nearly four per cent, their biggest daily decline since mid-December 2015, pressured by day’s steep wholesale pork price drop and further cash price weakness, traders said. August hogs finished 2.925 cents per lb lower at 71.675 cents. October ended 2.575 cents per lb lower at 61.050 cents. Cash hog prices […] Read more
U.S. livestock: Beef price bounce extends CME live cattle futures gains
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures gained for a third straight session on Tuesday, fueled by technical buying and the day’s wholesale beef price turnaround, said traders. August live cattle closed 0.925 cents per lb higher at 113.875 cents, and above the 40-day moving average of 113.30 cents. October settled 1.500 cents higher at 112.575 cents and over […] Read more
U.S. livestock: CME live cattle futures surge by 3-cent/lb price limit
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents-per-lb daily price limit on Monday, driven by fund buying and Friday’s mildly bullish government monthly cattle report, said traders. August and October live cattle closed at 112.950 cents and 111.075 cents per lb, respectively. Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: Live cattle futures rally before USDA report
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Friday after short-covering and bargain hunting snapped a three-day losing streak, traders said. August live cattle ended 2.425 cents per lb higher at 109.950 cents, and October closed 2.375 cents higher at 108.075 cents. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday at 2 […] Read more
U.S. livestock: CME live cattle futures plunge to five-year low on supply worries
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Thursday slumped to a five-year low in anticipation of increased supplies that could further pressure wholesale beef prices, traders said. August live cattle ended 1.900 cents per lb lower at 107.525 cents, and October closed 2.375 cents lower at 105.700 cents. Affordable grain reduced cattle input costs which translates into plenty […] Read more
U.S. livestock: Lower cash, beef prices again sink CME live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures’ extended their losses on Wednesday from the previous session, led by the morning’s lower cash and wholesale pork prices, traders said. August live cattle ended 0.975 cent per lb lower at 109.425 cents, and October closed 1.400 cents lower at 108.075 cents. A small number of market-ready, or cash cattle in […] Read more
U.S. livestock: Technical selloff upends CME live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts closed sharply lower on Tuesday, undercut by technical-related selling that wiped out Monday’s gains, traders said. They said August futures led losers after investors periodically sold that contract and simultaneously bought deferred months in a trading strategy known as bear spreading. August live cattle ended 2.050 cents per lb lower […] Read more
U.S. livestock: CME live cattle futures shrug off early selling
Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 cents. October closed 0.775 cent […] Read more
U.S. livestock: Fund selloff reverses CME live cattle rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.8 cents/lb. lower at 110.925 cents, and October closed 2.225 cents lower at 109.85 cents (all figures US$). Both […] Read more
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