Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts gained modestly on Thursday, with help from short-covering stirred by future’s discounts to cash prices, traders said. April live cattle ended up 0.35 cent/lb. at 132.425 cents, and June closed 0.375 cent higher at 122.225 cents (all figures US$). So far this week, packers in […] Read more
U.S. livestock: CME live cattle rise on discounts to cash prices
U.S. livestock: CME live cattle end higher, but off session tops
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday reversed some of Tuesday’s heavy losses, helped by short-covering and bargain hunting, traders said. April live cattle ended 1.4 cents/lb. higher at 132.075 cents, and June closed 1.1 cents higher at 121.85 (all figures US$). Futures’ price discount to early-week prices for market-ready, […] Read more
U.S. livestock: Live cattle, feeders mixed on beef declines
Chicago | Reuters — U.S. live cattle and feeder cattle futures were flat to narrowly mixed on Monday as lower wholesale beef prices suggested demand for the meat was slowing, traders said. Lean hogs were slightly lower in light trading at the Chicago Mercantile Exchange. Losses in outside markets kept a lid on gains in […] Read more
U.S. livestock: Hogs fall to 10-week lows on pork price losses
Chicago | Reuters — U.S. lean hogs tumbled to the lowest in 10 weeks on Friday as pork price declines triggered selling by technical traders and investment funds, traders and analysts said. Hogs fell more than one per cent at the Chicago Mercantile Exchange, led by losses in deferred contracts such as June and August […] Read more
U.S. livestock: CME feeder cattle limit up on bearish corn data
Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of Agriculture said on […] Read more
U.S. livestock: Fund liquidation takes down CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.5 cents/lb. lower at 132.35 cents, and June closed 2.45 cents lower at 123.075 (all figures US$). Both contracts settled […] Read more
U.S. livestock: CME hogs finish higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second straight day on Tuesday in a quiet session, with help from short-covering and technical buying, traders said. April closed up 0.325 cent/lb., to 70.25 cents (all figures US$). May ended 0.575 cent higher at 78.85 cents and June finished up 0.475 […] Read more
U.S. livestock: Hog futures jump on fund buying, USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, driven by short-covering and fund buying after contracts broke through technical resistance levels, traders said. They said last Friday’s U.S. Department of Agriculture quarterly hog report stirred additional deferred-month buying. The survey showed modest U.S. herd growth during the December-February quarter […] Read more
U.S. hog herd ekes out new high as PED impact ebbs
Reuters — The U.S. hog herd in the December-February quarter modestly grew from a year earlier to a record high for that quarter, according to Friday’s U.S. Department of Agriculture quarterly hog report. Farmers cautiously added to herds while shoring up their bottom lines following the surge in hog numbers as the industry recovers from […] Read more
U.S. livestock: CME live cattle snap five-day losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday settled higher for the first time in six sessions, helped by short-covering before the Easter holiday weekend, traders said. April live cattle ended 0.4 cent/lb. higher at 135.85, and June finished up 0.275 cent at 125.375 (all figures US$). The April contract led […] Read more
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