Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts edged higher on Monday, while feeder cattle contracts fell, after U.S. government data released on Friday afternoon showed bigger-than-expected supplies in feedlots. The U.S. Agriculture Department’s monthly report showed that the number of U.S. cattle on feed, as of April 1, was down four per […] Read more
U.S. livestock: Feeder cattle fall after USDA report
June hogs rise above 10-day moving average
U.S. livestock: CME cattle mixed, cash-futures spread remains wide
Hogs firm after touching new lows
Chicago | Reuters — The Chicago Mercantile Exchange’s spot live cattle futures eased on Friday, after prices in some cash cattle markets dipped lower than last week, traders said. Still, traders cautioned, the spread between cash and deferred futures prices remains wide — a spread that could tighten in the coming weeks as the U.S. […] Read more
U.S. livestock: Volatility roils CME cattle market
Chicago lean hog futures slump
Chicago | Reuters — The Chicago Mercantile Exchange’s cattle futures saw a second day of volatile trading on Thursday, with wide trading ranges and weaker technicals resulting in the spot live cattle contract turning lower, analysts said. One key reason, traders said, is that a white-hot cash market may have hit its limit. Cattle sold […] Read more
U.S. livestock: CME lean hogs touch new lows on fat supplies
Live cattle down on profit-taking, feeder cattle touch fresh highs
Chicago | Reuters — Choppy trade roiled the Chicago Mercantile Exchange’s livestock markets on Wednesday, while bountiful pork supplies and questions over consumer demand sent five of lean hog contracts slumping to new contract lows. The hog market turned sharply down, traders said, as the sector continues to wrestle with weak cash prices and larger-than-expected […] Read more
U.S. livestock: CME feeder cattle hit new highs
Chicago lean hogs hit new low
Chicago | Reuters — Chicago Mercantile Exchange’s April and May feeder cattle futures hit fresh contract highs on Tuesday on tight supplies, as analysts said they expected cattle placements to continue to trend down, traders said. Meanwhile, CME May lean hogs hit a contract low of 78.5 cents/lb., before closing down 2.175 cents at 78.825 […] Read more
U.S. livestock: CME feeder cattle hit new highs on supplies, cash market
Live cattle, lean hogs also up
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures hit new all-time highs in the nearby contracts on Monday, as bidding wars continue to rally cash prices as more producers show interest in expanding their herds, traders said. The rally helped give a boost to the pork market, where CME April lean hogs ended […] Read more
U.S. livestock: CME live cattle pull back from all-time highs
Chicago lean hogs up off contract lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Friday after racing to all-time highs during the previous three sessions as tightening U.S. supplies rallied cash prices. Profit-taking and technical pressured futures following the surge, though the market could still post new highs moving forward, analysts said. Surging cash prices this week […] Read more
Olymel to shut one Quebec hog slaughter plant
New provincial hog supply agreement in works as Vallee-Jonction facility set to close
Quebec-based meat packer Olymel’s bid to stem losses in its fresh pork business now includes closing down one of its five Canadian hog slaughter plants. Olymel, the protein arm of Sollio Co-operative, announced Friday it will wind down operations at its hog slaughter, cutting and deboning plant at Vallee-Jonction, Que. and permanently close the facility […] Read more
U.S. livestock: CME live cattle hit another record high
Cattle producers seen playing hard ball; hogs touch contract lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a record high for the third consecutive session on Thursday as producers held out for higher prices from meatpackers searching for supplies, brokers said. Strong cash prices and tightening supplies have pushed futures above a 2014 record for the front-month contract, after ranchers reduced […] Read more
U.S. livestock: CME live cattle hit record high as packers scramble for supplies
Chicago lean hogs continue lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stormed to an all-time high on Wednesday as meatpackers scrambled to buy livestock at a time when supplies are tightening, brokers said. Ranchers have reduced their herds due to high feed costs and drought in the western U.S., forcing packers such as Tyson Foods and […] Read more
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