Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a sixth day in a row on Monday, pressured by supply worries implied by last Friday’s U.S. Department of Agriculture monthly Cattle on Feed report, traders said. The report showed two per cent more cattle placed in U.S. feedlots in July compared to […] Read more
U.S. livestock: CME live cattle slump sixth straight day
U.S. livestock: CME live cattle weaken before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday posted losses for a fourth consecutive session, partly on caution before Friday’s U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Analysts polled by Reuters, on average, believe that July 2016 cattle placements increased modestly compared to […] Read more
U.S. livestock: CME live cattle losses mount in fund selloff
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents/lb. lower at 113.575 cents (all figures US$). October closed 1.825 cents lower at 110.575 cents and below the […] Read more
U.S. livestock: Pork price turnaround sends CME lean hogs higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.15 cents/lb. higher at 61 cents, and December finished up 1.3 cents, to 56.75 (all figures US$). After falling almost $3/cwt the day before, […] Read more
U.S. livestock: Hogs slump in reversal on pork price declines
Chicago | Reuters — U.S. lean hog futures declined by as much as 3.8 per cent on Tuesday, reversing from earlier three-week highs on fund selling linked to declines in wholesale pork prices, traders said. Chicago Mercantile Exchange cattle futures also eased but saw smaller declines than hog prices as some investors unwound long hog […] Read more
U.S. livestock: CME lean hogs up again on cash, pork prices
Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts closed higher for a second consecutive session on Monday, buoyed by stronger cash and wholesale pork prices, traders said. October ended 2.5 cents/lb. higher at 62.5 cents and December finished up 2.075 cents to 57.025 (all figures US$). Cash hog prices in the U.S. Midwest […] Read more
U.S. livestock: Hogs jump in technical rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Friday, rebounding from earlier losses on technical buying and short-covering following the midday expiration of the August contract, traders and analysts said. Gains in hog futures came after prices neared last week’s roughly four-month lows, and hogs could still face more […] Read more
U.S. livestock: Lean hogs in reversal as pork extends losses
Chicago | Reuters — U.S. lean hog futures fell sharply on Thursday, reversing from earlier steep gains on pressure from declining pork prices and ample hog supplies, traders and analysts said. The price action suggested that hog futures would likely test their life-of-contract lows reached on Aug. 4 when trading resumes on Friday, analysts said. […] Read more
U.S. livestock: Hogs jump on technical rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained as much as two per cent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by fund selling and profit-taking after last week’s market rally, traders said. August live cattle ended 0.75 cent/lb. lower at 116.925 cents (all figures US$). October closed 0.875 cent lower at 114.65 cents and below the 100-day moving average of […] Read more
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