Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slid on Friday to end the week lower as cash markets stalled, despite strong slaughter rates. “The weekly kill came in much larger than expected,” said Dennis Smith, commodity broker at Archer Financial. “I suspect that will change the tone of the cash […] Read more
U.S. livestock: CME cattle futures end week lower
June hogs firm, April lower
U.S. livestock: CME cattle ease on ample supply, flat cash offers
Flat cutout values drag on hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Thursday, pressured by ample cattle supplies that offer little incentive for packers to bid up the cash market. “The supply of market ready cattle is a little less than last year, but it’s still plentiful. It just doesn’t seem like the […] Read more
Alberta looks into ‘isolated’ case of PED
Feed, other objects considered possible sources
The source of what’s believed to have been an “isolated” recent case of porcine epidemic diarrhea (PED) in southern Alberta was likely either feed or some object brought into the barn, veterinary officials say. The chief provincial veterinarian’s office said it was informed by a private veterinarian on Feb. 24 of a suspected case of […] Read more
U.S. livestock: CME cattle, hogs firm
Futures supported by cash markets
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange lifted on Wednesday, supported by cash cattle prices that pulled up nearby futures markets. “We just got below the cash market,” said Alan Brugler, president of Brugler Marketing. “That was an argument to try the long side.” The nearby April live cattle contract […] Read more
U.S. livestock: CME cattle ease, seasonal high possible
Avian flu outbreaks may ripple through meat markets
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Tuesday, pressured by a steady supply of market-ready cattle that may indicate a seasonal high in the market. “Five weeks in a row of generally steady trade for cash cattle is reminding the trade that we may already be at the […] Read more
U.S. livestock: CME hogs, cattle fall on strong slaughter, profit-taking
Feeder cattle lower as corn rises
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Monday on profit taking following last week’s Hogs and Pigs report from the U.S. Department of Agriculture. “The overall fundamental is still tight numbers, tight supply created by disease, empty pen spaces, empty buildings,” said Brad Kooima, commodity broker at Kooima […] Read more
U.S. livestock: CME hogs, cattle ease on profit-taking
Rising corn values pressure feeder cattle
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Friday on follow-through technical selling one day after the benchmark June contract closed lower in a huge reversal from a life-of-contract high. CME benchmark June lean hogs settled down 0.175 cent at 120.40 cents/lb., retreating farther from the contract high set […] Read more
U.S. livestock: CME lean hogs retreat off contract highs
Corn's climb drags on cattle futures
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Thursday, shrugging off early support from a bullish U.S. government hog inventory report as traders appeared to focus instead on profit-taking at the end of the quarter and disappointing wholesale pork prices, traders said. CME benchmark June lean hogs settled […] Read more
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
U.S. livestock: CME cattle futures rise as grains fall
Hogs ease ahead of USDA data
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Tuesday with the benchmark June contract hitting a four-week top, led by a surge in feeder cattle futures and optimism about consumer demand for beef, traders said. CME June live cattle settled up 1.7 cents at 138.475 cents/lb. while May feeder […] Read more
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