Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week […] Read more
U.S. livestock: CME live cattle, feeder cattle extend gains
December hogs touch one-week low
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more
U.S. livestock: CME cattle futures extend slump
Hogs mixed after strong week
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525 […] Read more
U.S. livestock: CME hog futures rise on sustained buying
Interest tied to bullish USDA report; cattle futures continue lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on continued buying interest tied to the recent bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled up 0.8 cent at 91.6 cents/lb., while the most-active December contract rose 1.8 cents […] Read more
Britain facing mass cull of pigs due to butcher shortage
London | Reuters — Britain’s farming industry has warned that hundreds of thousands of pigs may have to be culled within weeks unless the government issues visas to allow more butchers into the country. An acute shortage of butchers and slaughterers in the meat processing industry has been exacerbated by COVID-19 and Britain’s post-Brexit immigration […] Read more
U.S. livestock: CME hog futures pause after rally
Cattle futures end lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed mixed on Wednesday as the market paused following a surge tied to last week’s bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled down 0.875 cent at 90.8 cents/lb. while the most-active December contract […] Read more
U.S. livestock: CME hog futures extend rally on USDA data
Feeder cattle up on bargain-buying
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a fourth straight session as traders continued to digest Friday’s U.S. government report that signaled tighter hog supplies into 2022, analysts said. CME October lean hogs settled up 1.425 cents at 91.675 cents/lb. and the benchmark December contract rose 2.025 […] Read more
U.S. livestock: CME hogs surge on bullish USDA data
Chicago cattle futures sag
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily […] Read more
Dreyfus, others shut soy crushers in China on power curbs
'Cash is on fire'
Beijing | Reuters — Soymeal prices in China, the world’s top consumer of the animal feed ingredient, are rising after at least 20 soybean crushing plants shuttered to comply with curbs on industrial power consumption, industry participants said on Friday. Five crushing plants in the northern city of Tianjin closed this week, said Tianfeng Futures […] Read more
U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports
Cattle on feed top trade estimates
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash hog prices were also supportive. […] Read more
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