Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended their run of life-of-contract highs on Friday, supported by a jump in cash cattle prices this week along with rising beef prices, traders said. Benchmark CME August live cattle futures settled up 0.525 cent at 172.9 cents/lb. after posting a contract high at 174.25 […] Read more
U.S. livestock: CME cattle extend rally on surging cash market
Lean hogs follow firm trend
U.S. livestock: CME live cattle soar as cash prices explode
Lean hog futures mostly lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged on Thursday as cash cattle traded as high as US$180/cwt in Texas and Kansas, up to US$9 higher than last week, reflecting strong demand from meat-packers amid rising beef prices and tightening cattle supplies, traders said. CME’s most-active August live cattle futures contract settled […] Read more
U.S. livestock: CME lean hogs bounce on short-covering
Cattle futures up with beef prices, tighter supplies
Chicago | Reuters — Benchmark July lean hog futures on the Chicago Mercantile Exchange jumped nearly five per cent on Wednesday, extending their two-day rally to 11 per cent on a round of bargain-buying following a months-long slump, traders said. CME July hogs settled up 3.8 cents at 83.325 cents/lb., while front-month June hogs ended […] Read more
U.S. livestock: CME hogs down 10 per cent on week
Feeder cattle down on corn rally
Chicago | Reuters — Chicago Mercantile Exchange hog futures dropped to contract lows again on Friday, as poor demand for U.S. pork continued to depress prices. The losses heap more pain on producers who have struggled with weak prices for pigs and high costs for expenses such as feed and labour. “Producers are losing their […] Read more
U.S. livestock: CME hogs sink to contract lows
Cattle futures up with beef sales, tight supplies
Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to contract lows on Thursday, as excess supplies and sluggish demand for U.S. pork fueled losses for a fifth consecutive session. Weak prices for pigs and high production costs continue to make it unprofitable to raise hogs, leading some analysts to project that producers will […] Read more
U.S. livestock: Hog futures weak on bearish supplies
Chicago cattle futures firm
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fourth day in a row on Wednesday, with a large supply base pressuring the market. Cattle contracts were firm, rising on a round of technical buying. After the close, the U.S. Agriculture Department said frozen U.S. beef stocks as of April 30 stood […] Read more
U.S. livestock: Hog, cattle futures fall on technical selling
Cattle trade sees pressure from rising corn futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Tuesday on technical selling as the market moved closer to values in the cash market, traders said. Cattle contracts also were lower, with traders noting pressure from strength in corn futures. Recent declines in both cattle and hogs have done little to spur a […] Read more
U.S. livestock: Hog futures drop to contract lows on demand woes
CME cattle futures also lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures sank to contract lows on Monday, with the market under pressure from plentiful supplies and weak demand for pork at grocery stores and on the export market. “The story remains one of a slow-to-move product market,” brokerage StoneX said in a note to clients. Cattle futures […] Read more
U.S. livestock: Cattle futures rally
Hog futures slide to new lows; USDA cattle report seen as neutral
Chicago | Reuters –– Chicago Mercantile Exchange cattle futures rose on Friday in a bout of technical trading, as cash prices remained relatively steady and investors positioned themselves ahead of the monthly U.S. Department of Agriculture (USDA) report, traders said. On the pork side, a second day of volatile trading across lean hog futures resulted […] Read more
U.S. livestock: Live cattle inch lower, nearby hogs end higher
'Cutouts slowly start to lose ground here'
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slipped on Tuesday, pressured by softening wholesale beef prices and a lack of bullish news, traders said. Cash cattle trade was quiet, leaving some traders to focus on beef prices. The U.S. Department of Agriculture (USDA) priced choice cuts of beef on Tuesday […] Read more
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