Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures fell on Friday as sluggish slaughter rates continue to drag on prices, traders said. “They’re both facing the same fundamental music – this slaughter disruption due to weather, labour tightness and COVID,” said Dennis Smith, commodity broker at Archer Financial. CME February […] Read more
U.S. livestock: CME live cattle, lean hogs fall on weaker slaughter
U.S. livestock: CME live cattle futures firm
Cash cattle prices provide support; lean hogs also firm with cash index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher on Thursday, supported by cash cattle prices in the northern U.S. Plains, analysts said. “We’ve been under some pressure recently, but the cash trade was still at $138 to $140,” said Doug Houghton, technical analyst at Brock Capital Management (all figures US$). “That’s […] Read more
U.S. livestock: CME live cattle down on lagging slaughter rates
Lighter supplies support lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said […] Read more
U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns
Biden proposal seen improving producers' cut of price
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of the Packers and Stockyards Act, […] Read more
U.S. livestock: Nearby CME live and feeder cattle futures ease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, remaining near recent highs as back-month contracts climbed to new highs on expectations of tighter supplies to come. CME February live cattle futures settled down 0.775 cent at 138.925 cents/lb., though back-month contracts starting with August 2022 found new life-of-contract highs (all […] Read more
U.S. livestock: CME hog futures touch four-week high
Chicago cattle futures ease
Chicago | Reuters — U.S. hog futures rose for the fourth straight trading session on Monday, as the market continued to see support from a government report last week that showed smaller-than-expected national inventory numbers, traders said. Most-active February hog futures settled the day up 0.425 cent at 83.65 cents/lb. (all figures US$). Earlier in […] Read more
U.S. livestock: CME hogs near one-month high on smaller herd estimates
Live cattle, feeder cattle also up
Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Tuesday amid expectations the U.S. Department of Agriculture will confirm a smaller pig herd in a report due out on Thursday, analysts said. USDA, in its quarterly Hogs and Pigs report, is expected to show the herd was about 2.9 per cent smaller on […] Read more
U.S. livestock: CME cattle, hog futures sag as broad selling hits markets
Crude, U.S. equities caught in sell-off
Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Monday as traders reduced risk in the face of rising coronavirus cases, brokers said. Selling hit a range of markets including crude oil, which lost more than three per cent, and U.S. stocks. “The risk-off trade is back today,” said Dan Norcini, an independent […] Read more
U.S. livestock: Hog futures end mixed ahead of USDA data
Chicago cattle close lower, rangebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Friday, with the front February contract gaining against deferred months as traders squared positions ahead of a quarterly U.S. government hog report due next week, traders said. Most-active February hog futures settled up 0.45 cent at 80.8 cents/lb., while April hogs ended […] Read more
U.S. livestock: Hog futures up in thin trade
February live cattle up on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose in thin trade on Thursday to halt a three-session slide, buoyed by firming cash hog markets and higher wholesale pork prices, analysts said. Most-active February hog futures settled up 1.025 cents at 80.35 cents/lb. (all figures US$). Trading volume for all months was estimated […] Read more
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