Chicago | Reuters — U.S. live cattle futures gained for the second straight session on Tuesday, rising on short-covering and bull-spreading amid expectations for gains in cash cattle prices this week, traders and analysts said. A rebound in stock markets following declines tied to Britain’s decision in a referendum last week to exit the European […] Read more
U.S. livestock: Cattle up on short-covering, hogs mostly higher
June U.S. hog herd unexpectedly climbs to record high
Reuters — The U.S. hog herd in the March-May quarter rose two per cent to a record high versus a year ago, according to Friday’s U.S. Department of Agriculture report, which exceeded most analysts’ forecasts. Farmers added to their herds due to affordable feed, strong U.S. pork export demand and gradual price improvement for their […] Read more
U.S. livestock: Cattle tumble, hogs decline on liquidation after Brexit
Chicago | Reuters –– U.S. live cattle tumbled more than two per cent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
U.S. livestock: Cattle jump in technical rebound as corn extends losses
Chicago | Reuters — U.S. live cattle rose sharply on Thursday, extending gains to the third session in a row on technical buying and as falling corn prices reduced feed costs for fattening animals, traders and analysts said. Feeder cattle climbed to a 1-1/2 week high as corn slid to a six-week low while big […] Read more
U.S. livestock: Hogs tumble most since March
Chicago | Reuters — U.S. lean hog futures plummeted by two per cent or more on Wednesday, notching their largest daily declines since March on technical selling and investment fund liquidation, traders and analysts said. Traders also were taking profits in hogs following their 1-1/2-year highs touched last week and ahead of a quarterly U.S. […] Read more
U.S. livestock: Technical buying rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reversed some of Monday’s losses, aided by short-covering and technical buying, traders said. Prior to Tuesday’s session, CME live cattle showed a Relative Strength Index (RSI) of 28. A reading below 30 suggests a market is technically oversold and subject to an upward […] Read more
U.S. livestock: Live cattle fall to four-year low on beef prices
Chicago | Reuters — U.S. live cattle futures tumbled to the lowest levels in more than four years on Monday as weak cash cattle prices and declining beef values underscored worries of flagging demand, traders and analysts said. Feeder cattle extended losses to a fresh three-year low while lean hogs trimmed declines to finish mixed […] Read more
U.S. livestock: Feeder cattle hit three-year low on corn prices
Chicago | Reuters — U.S. feeder cattle futures tumbled to the lowest levels in more than three years on Friday as rising corn prices made fattening cattle for slaughter unprofitable, reducing demand, traders and analysts said. Chicago Mercantile live cattle and lean hog futures also fell, weighed by technical selling and as retailers had largely […] Read more
U.S. livestock: Cattle ease on cash weakness, lean hogs gain
Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts fell to lifetime lows, knocking out what had been their previous life-of-contract lows […] Read more
U.S. livestock: Most CME live cattle futures rise on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly higher on Tuesday, driven by short-covering after contracts settled down their three cents/lb. daily price limit on Monday, traders said. CME’s live cattle futures will return to the normal three-cent limit on Wednesday after failing to settle at the expanded limit of 4.5 […] Read more
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