Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday on bargain-buying, a day after the October contract hit a 3-1/2 week low, traders said. A setback in prices for corn, a key feedgrain, added support. But rallies were capped by broad declines in commodities, including crude oil, and Wall Street equity […] Read more
U.S. livestock: Cattle futures climb on bargain-buying
CME lean hogs also higher
U.S. livestock: CME cattle futures soften amid recession fears
CME lean hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures weakened on Monday amid spillover pressure from weakness in equity markets, analysts said. U.S. stocks closed lower, adding to sharp losses last week, on nagging concerns about the Federal Reserve’s determination to hike interest rates to fight inflation even as the economy […] Read more
U.S. livestock: Hog futures up off lowest since February
Chicago cattle futures mixed
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday edged up from a 6-1/2-month low on a round of short-covering after posting losses in four of the previous five sessions, traders said. But the hog market remained under pressure from a seasonal slowdown in demand as the grilling season nears its end. Cattle […] Read more
U.S. livestock: Hogs hit 6-1/2-month low on slowing demand
Live cattle dip below 20-day moving average
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell to a 6-1/2-month low on Wednesday with demand for pork fading as the traditional U.S. grilling season nears its close. Cattle futures were mixed, with live cattle contracts sagging on weakness in the cash markets while feeder cattle contracts closed higher. Hog futures have fallen […] Read more
U.S. livestock: CME live cattle, feeder cattle set multi-month highs
October lean hogs down on day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose to their highest level since April on concerns about tightening livestock supplies, analysts said. Feeder cattle futures hit a February high, while lean hog futures fell to their lowest level in more than a week. The U.S. Department of Agriculture is projecting […] Read more
U.S. livestock: Lean hog, live cattle futures down on profit-taking
CME September feeder cattle also down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Friday on cooling wholesale pork prices and profit-taking at week’s end, a day after the benchmark October contract set a life-of-contract high. Cattle futures also set back on profit-taking, but the most-active October live cattle contract posted a second straight weekly advance, […] Read more
JBS quarterly profit falls almost 10 per cent but tops estimates
Cattle prices 'above the expected level'
Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ forecasts. JBS reported a 4.6 […] Read more
U.S. livestock: Live cattle, hogs firm on meaty consumer demand
Production 'probably hit our seasonal peak'
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, with several back months hitting new life-of-contract highs on thin trading, as domestic demand for beef this summer continues to be stronger than expected, traders said. Meanwhile, lean hog futures rose — with the October and December contracts hitting new life-of-contract high […] Read more
U.S. livestock: Hog, cattle futures up on broad commodities rally
Lower-than-expected inflation data provides boost
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday, with the October contract hitting a life-of-contract high on brisk pork demand and broad strength in commodities on signs of decelerating U.S. inflation, traders said. Livestock and other commodities rose along with Wall Street equity markets as lower-than-expected U.S. inflation data drove […] Read more
U.S. livestock: Cattle futures dip in technical, profit-taking pullback
CME hogs end day mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday in a technical-selling and profit-taking setback from 3-1/2 month highs posted in the prior session. Sharply lower feeder cattle futures amid higher corn feed costs put further pressure on live cattle contracts, as both livestock markets took a breather after scaling to […] Read more
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