Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more
U.S. livestock: CME live cattle sink to new lows
COVID-19 continues to spook investors
U.S. livestock: CME live cattle sink on fund selling
Commodities funds take risk-off stance due to COVID-19
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more
U.S. livestock: CME cattle extend losses
COVID-19 coronavirus continues to rattle investors
Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more
U.S. livestock: Cattle, hogs dive as coronavirus rattles markets
April live cattle, most feeder contracts close limit-down
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more
U.S. livestock: CME hog futures firm
Cattle contracts ease
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended […] Read more
U.S. livestock: Hogs weaken on profit taking, cattle mixed
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell from a 3-1/2 week high on Thursday on a round of mild profit-taking following four straight days of gains. Live cattle futures also were lower while feeder cattle contracts edged higher, their sixth straight day of gains. CME lean hog futures for April delivery ended […] Read more
U.S. livestock: Hogs rally again, cattle up on cash strength
Chicago | Reuters — U.S. hog futures rose to their highest in 3-1/2 weeks on Wednesday as traders anticipated a long-awaited boost to demand from China, a day after the world’s top pork consumer announced it would grant exemptions to tariffs on U.S. imports. “We don’t know what the quantities will be,” said Mike Sands, […] Read more
U.S. livestock: Hogs rally with hopes for exports to China
Cattle market similarly hopeful
Chicago | Reuters — U.S. hog futures rose 2.1 per cent on Tuesday on hopes for increased demand from China as the world’s top pork consumer announced plans to begin issuing tariff-free import licenses. China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so […] Read more
U.S. livestock: Cattle bounce after this week’s four-month lows
Plentiful hog supplies drag on futures
Chicago | Reuters — U.S. live cattle futures closed higher on Friday on bargain buying after the benchmark April contract fell to a 4-1/2-month low this week, with traders citing expectations for a seasonal pickup in beef demand, traders said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled up 1.8 cents at […] Read more
U.S. livestock: Lean hogs edge up on hopes for Chinese demand
April live cattle up on short-covering
Chicago | Reuters — U.S. lean hog futures rose modestly on Thursday on technical buying and hopes China will step up purchases of U.S. agricultural goods including pork as the U.S.-China Phase One trade deal takes effect, brokers said. Benchmark April lean hog futures on the Chicago Mercantile Exchange settled up 0.3 cent at 64.075 […] Read more
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