Live cattle futures on the Chicago Mercantile Exchange dropped on Thursday to fresh multi-month lows on technical selling and weak beef prices at a time when feedlot supplies of market-ready cattle are rising, analysts said.
CME cattle futures rout continues; hogs end lower
Despite small U.S. herd, placement into feedlots have been above last year's levels
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
U.S. Livestock: CME cattle down sharply on fund selling, ending near week’s lows
CME lean hog futures followed cattle contracts lower
Chicago Mercantile Exchange cattle futures plunged for a second straight session on Friday on fund long liquidation, closing out a volatile week of trading in the livestock pits with prices for live and feeder cattle contracts ending near the week's lows.
U.S. livestock: CME cattle drop on fund selling, beef demand concerns
Chicago lean hogs continue higher
Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more
U.S. livestock: CME cattle gain for second straight day after selloff
Chicago lean hog futures also firm
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for a second consecutive session on Wednesday on short covering and follow-through technical and bargain buying after the market plunged to multi-month lows to start the week. Improving packer margins and futures’ steep discount to cash cattle prices also supported the market following the fund-selling […] Read more
U.S. livestock: CME cattle up on short covering, discount to cash
Short covering also lifts CME hogs
Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more
Manitoba hog yard cleared for U.S. export
Separate export certificate had been required for yard's cull sows
U.S. authorities have lifted an order that required sows from one Manitoba assembly yard to be certified free of Seneca Valley virus before crossing the border. The U.S. Department of Agriculture confirmed Canada in the second-last week of November had now met protocol conditions for Seneca Valley virus and has lifted the health certificate requirement, […] Read more
U.S. livestock: Fund selling sends CME cattle to multi-month lows
February hogs touch contract low
Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled sharply for a second straight session on Monday on fund long liquidation, technical selling and concerns about slowing beef demand and rising supplies. Actively traded February live cattle dropped to an eight-month low while several deferred-month contracts posted life-of-contract lows. January feeder cattle plunged more […] Read more
U.S. livestock: CME cattle collapse to March lows
Chicago February hogs set contract low
Chicago | Reuters — Cattle futures sank to their lowest levels in nearly eight months at the Chicago Mercantile Exchange on Friday on increased concerns about easing demand for U.S. beef. Technical selling accelerated the slide after funds recently liquidated long positions, traders said. “We don’t know what demand is going to be a year […] Read more
U.S. livestock: CME lean hogs mixed after approaching four-week low
Chicago cattle futures end lower
Chicago | Reuters — Lean hog futures hit their lowest level in about four weeks on Wednesday before ending mixed as traders adjusted positions before the U.S. Thanksgiving holiday. The market has dropped about eight per cent since rising on Nov. 7 to the highest price in more than a month, as ample U.S. supplies […] Read more
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