Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday in tandem with higher equities and energy markets as a robust slaughter pace and concerns about reduced cattle supplies in the coming months fueled buying. Packers have accelerated their daily slaughter pace following plant downtime around Monday’s Labour Day holiday and they […] Read more
U.S. livestock: CME live cattle up on demand, tightening supplies
Hogs up on technical bounce
U.S. livestock: CME lean hogs mostly lower on weak cash market
Chicago live cattle mixed, feeders up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly lower on Thursday as eroding cash hog prices weighed on the market along with weaker wholesale pork prices and slumping pork exports. Technical buying helped to underpin the actively traded October contract, the only month that closed higher on Thursday, while back month […] Read more
U.S. livestock: CME live cattle down on quiet cash trade
Hog futures narrowly mixed
Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on Wednesday as quiet trade on the cash market fortified concerns about light demand, traders said. Hog futures were narrowly mixed, with short-covering providing support, while worries that a firm U.S. dollar will chill export demand for pork added pressure. Benchmark CME October live cattle […] Read more
U.S. livestock: CME live cattle climb on cash market optimism
Lean hog futures also close higher
Chicago | Reuters — Chicago Mercantile Exchange livestock futures rose on Tuesday on hopes that the pace of slaughter of both cattle and hogs will pick up after slowing down for the U.S. Labor Day holiday weekend. Short-covering was also noted in hog futures after the front-month contract sank to its lowest since Feb. 9 […] Read more
Federal funding lined up for programs, planning against swine fever
Two-year package to go toward pork industry work
The federal government is putting up an eight-figure funding wall to help prevent African swine fever from ever reaching Canada’s hog farms — and to prepare against any breach. Agriculture Minister Marie-Claude Bibeau said Aug. 26 the government will provide up to $45.3 million toward a three-pronged effort to boost disease prevention and preparedness: pork […] Read more
U.S. livestock: CME live cattle climb on cash market optimism
CME lean hogs slip on cash market pessimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday on expectations of higher cash cattle prices next week and position-squaring ahead of a long U.S. holiday weekend, traders said. Benchmark CME October live cattle futures settled up 1.75 cents at 144.55 cents/lb., with December up 1.675 cents at 150.25 cents […] Read more
U.S. livestock: Cattle futures up as corn prices sag
CME lean hogs end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Thursday as lower grain prices propped up feeder cattle futures, signaling cheaper feed costs, traders said. Benchmark CME October live cattle futures settled up 0.225 cent at 142.8 cents/lb., a day after dipping to a four-week low (all figures US$). CME […] Read more
U.S. livestock: CME lean hog futures follow cash hogs lower
Live cattle down, feeder cattle mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on profit-taking after a two-session climb and pressure from softening cash hog prices, traders said. CME benchmark October lean hogs settled down 2.075 cents at 91.525 cents/lb. and December hogs ended down 1.625 cents at 83.875 cents/lb. The CME Lean Hog Index, […] Read more
U.S. livestock: Cattle futures climb on bargain-buying
CME lean hogs also higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday on bargain-buying, a day after the October contract hit a 3-1/2 week low, traders said. A setback in prices for corn, a key feedgrain, added support. But rallies were capped by broad declines in commodities, including crude oil, and Wall Street equity […] Read more
U.S. livestock: CME cattle futures soften amid recession fears
CME lean hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures weakened on Monday amid spillover pressure from weakness in equity markets, analysts said. U.S. stocks closed lower, adding to sharp losses last week, on nagging concerns about the Federal Reserve’s determination to hike interest rates to fight inflation even as the economy […] Read more
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