Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a […] Read more
U.S. livestock: Hog futures rise as pork production estimates cut
Feeder cattle down on rising grain values
U.S. livestock: CME live cattle ease as cash market diverges
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a third session on Friday as futures markets tried to read conflicting cash markets, traders said. “We have the (U.S.) south backed up on cattle, trying to get cattle moved through,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “There’s tighter […] Read more
U.S. livestock: CME live cattle ease as beef demand cools
CME lean hog futures mostly firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a […] Read more
U.S. livestock: Hogs drop as domestic, export demand seen weak
CME August cattle futures up
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Thursday as traders priced in expectations for waning demand after the U.S. Independence Day holiday this weekend. Signs of poor demand from China, which has been a big buyer of U.S. pork since an outbreak of African swine fever decimated production in the […] Read more
U.S. livestock: Hog futures rally as China buys pork
Cattle futures, beef cutout values lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose three per cent on Monday, supported by rising demand as China moved to buy pork for its reserves to shore up the domestic market, traders said. China’s state planner said on Monday that central and local governments will start buying pork for state reserves to […] Read more
U.S. livestock: Hog futures fall as cash pork prices slide
Cattle futures, beef cutout values lower
Chicago | Reuters — U.S. lean hog futures fell sharply on Wednesday, with the front-month Chicago Mercantile Exchange contract sinking 2.8 per cent to its lowest in more than two months. Weakness in the cash market pressured hog futures, traders said. CME July hogs settled down three cents at 104.525 cents/lb., its lowest since April […] Read more
U.S. livestock: Hogs firm after five days of declines
CME August live cattle, feeder cattle up
Chicago | Reuters — U.S. lean hog futures firmed on Tuesday, with the front-month contract snapping a five-session losing streak on some mild bargain-buying and short-covering, traders said. But concerns about waning export demand for U.S. supplies from China and Mexico kept the gains in check and hog futures remained near two-month lows. Mexico blocked […] Read more
U.S. livestock: Live cattle hit two-month high
CME lean hogs end mixed
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose more than two per cent on Tuesday, setting a two-month high as deferred prices for corn, the main feed grain for cattle, continued to fall, traders said. CME benchmark August live cattle futures settled up 2.625 cents at 123.9 cents/lb. after reaching 124.125 […] Read more
U.S. livestock: Cattle gain on strong packer margins
Profit-taking sinks hogs
Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Friday on strong beef plant margins and good demand from packers for fed cattle, traders said. Cash beef prices have flattened after a prolonged run higher, but packers continue to make a large profit on each animal slaughtered. “We’re probably seeing that our […] Read more
U.S. livestock: July hogs retreat after matching contract high
August live cattle up slightly, feeders down
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Tuesday after matching a contract high because of tight U.S. supplies and firm cash markets, analysts said. The hog market has surged this year due to strong domestic demand and solid export sales to China, the world’s biggest pork consumer. Profit-taking […] Read more
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