Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and […] Read more
U.S. livestock: Cattle post new highs, retreat on profit-taking
Chicago lean hogs close mixed
U.S. livestock: CME live cattle futures set new contract highs
February hogs drop to two-week low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set new highs on Friday and finished stronger on technical buying and firm cash prices, traders said. The front-month December contract and most-active February 2022 contract avoided losses seen in commodities such as crude oil and soybeans that were unnerved by the discovery of a […] Read more
U.S. livestock: Live cattle hit fresh high
Higher cash values, beef demand support futures
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose for a sixth consecutive session on Wednesday, and the front-month contract touched its highest point in four-and-a-half years, on higher cash market prices and strong beef demand. Most contracts posted life-of-contract highs, extending a multi-session rally, amid rising beef imports by China and […] Read more
U.S. livestock: Live cattle notch 4-1/2 year high
Lean hogs gain on good demand
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose for a fifth consecutive session on Tuesday and the front-month contract reached its highest in 4-1/2-years on a firm cash market and good beef demand. Cattle prices have been trending higher amid rising imports by China and improved domestic demand as more consumers […] Read more
U.S. livestock: Live cattle notch 4-1/2-year high
Lean hogs gain on good demand
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) climbed for a fourth straight session on Monday, with front-month contract hitting a fresh 4-1/2-year high on strong demand. Lean hog futures also firmed, supported by good demand. Lighter-than-normal trading volumes aided livestock futures’ advance on Monday, with little selling pressure ahead […] Read more
U.S. livestock: Cattle futures up for third straight day
December, February hogs lower
Chicago | Reuters — CME Group cattle futures rose for a third day in a row on Friday, with the front-month live cattle contract hitting a fresh 4-1/2-year high on strong cash markets and rising slaughter numbers. Hog futures were weaker on technical selling. CME’s most-active February live cattle contract gained 0.45 cent to 137.7 […] Read more
U.S. livestock: Cash, export markets lift CME live cattle
December hogs lower, February up
Chicago | Reuters — CME Group cattle futures rose on Thursday, with the front-month live cattle contract hitting its highest since June 2017 on support from strength in the cash markets. Rising overseas demand also lent support cattle futures after the U.S. Agriculture Department said that weekly beef export sales totaled 30,000 tonnes, the most […] Read more
U.S. livestock: CME lean hogs fall, live cattle firm
Chicago | Reuters — CME lean hog futures fell on Wednesday, hit by profit-taking after rallying in the previous session, traders said. Live cattle futures were firm but gains were kept in check as the market consolidated near the 4-1/2-year highs hit earlier in the week. CME December lean hogs fell 1.55 cents to 76.175 […] Read more
U.S. livestock: CME lean hogs up, cattle weak
Chicago | Reuters — CME Group lean hog futures rallied on Tuesday, supported by fund buying and expectations that supplies will begin to tighten in the coming weeks, traders said. Live cattle futures eased slightly for the second day in a row as the market waited for fresh bullish inputs before driving prices above the […] Read more
U.S. livestock: CME cattle firm, cash cattle supportive
Heavier slaughters weigh on hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by tighter supplies of market-ready cattle that propped up cash prices last week, traders said. “In theory, the feedlots have a little more leverage, because there’s fewer cattle available for the packer to buy,” said Alan Brugler, president of Brugler Marketing. […] Read more