GFM Network News


CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle lower as beef prices cool

Lean hogs close mostly lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday, on softening wholesale beef prices and a lack of supportive news, traders said. CME October live cattle settled down 1.525 cents at 126.05 cents/lb. after hitting 125.875, near the contract’s 100-day moving average and its lowest price since Aug. 6 (all figures […] Read more

CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle fall to lowest in three weeks

Hogs down off Monday's climb

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest prices in more than three weeks on Tuesday as boxed beef prices continued to weaken amid expectations for reduced demand, analysts said. Lean hog futures also declined as traders adjusted positions on the last day of the month and ahead of […] Read more


CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for […] Read more

CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (red, brown and black lines). (Barchart)

U.S. livestock: CME cattle futures fall on lower cash cattle

Hogs down on supply expectations

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third day on Thursday, as the softer cash market in the southern U.S. Plains weighed on futures, traders said. “This cash just continues to struggle,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “We’ve just got that anchor in […] Read more


CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle futures ease as beef prices cool

Lean hog index still at premium to futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday, as beef prices eased ahead of the Labour Day holiday, traditionally a big beef consumption holiday, traders said. “We’re getting into that lull period ahead of the Labour Day holiday, where the retailers have already got their product purchased from the packers,” […] Read more

CME October 2020 lean hogs with 20-, 100- and 200-day moving averages. (Barchart)

U.S. livestock: Hog futures rise as cash values firm

Live cattle follow cash cattle, beef prices lower

Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more


CME October 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hogs hit four-month high on strong export sales

CME cattle lower on demand uncertainty

Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more

CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle touch late-July lows on demand jitters

U.S. pork export data due out Thursday

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday dropped to their lowest prices since July amid uncertainty about how much U.S. demand will decline as the summer grilling season draws to a close. Beef and cattle prices are often weak this time of year as demand weakens. This year, closures of […] Read more


CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle consolidate up off one-month low

CME hogs up as trade watches China

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose for a second consecutive session as the market consolidated after touching a one-month low on Monday, brokers said. Weakness in the cash market for U.S. cattle has hung over futures prices recently, but some traders said they hope the markets will not […] Read more

CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures snap losing streak

Large supplies pressure CME hog futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped on Monday in a rebound off a run of losses, while lean hog futures closed weaker. Live cattle were due for a rebound after falling last week amid pressure from weakness in the cash market, traders said. Short covering helped lift prices, they said. […] Read more