GFM Network News

U.S. livestock: Hog futures drop on weak pork prices

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell to the lowest levels since mid-August on Wednesday, declining for the second straight session as weaker prices for pork pointed to abundant supplies, traders and analysts said. Cattle futures also eased on the Chicago Mercantile Exchange but prices stayed within recent trading ranges as investors waited […] Read more

U.S. livestock: Hogs fall on technical selling, live cattle up

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined more than one per cent on Tuesday, giving back a portion of gains notched on Monday in a technical setback, traders said. Hogs on Monday surged from a multimonth low, boosted in part by technically oversold conditions. But the market remained anchored by abundant […] Read more

U.S. livestock: Cattle, hog futures climb on technical buying

Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures were higher on technical buying on Monday, with live cattle nearing recent contract highs and lean hogs rebounding from a multi-month low reached on Friday, traders and analysts said. Firmer prices for pork and beef in the wholesale market also buoyed futures. Hogs jumped as much as four […] Read more

U.S. livestock: Cattle ease on technical selling ahead of storm

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Thursday, with live cattle prices easing from recent contract highs on technical selling ahead of a major winter storm forecast to hit U.S. cattle country, traders said. Feeder cattle futures fell to a roughly 1-1/2 week low, pressured in part by rising corn […] Read more

U.S. livestock: Hog futures tumble to two-month low

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped as much as 3.7 per cent on Wednesday, skidding to the lowest levels in two months on pressure from chart-based selling and ample U.S. hog supplies, traders said. Hog prices on Tuesday had dipped below their closely watched 200-day moving average and on Wednesday […] Read more

U.S. livestock: Live cattle hit contract highs on storm forecast

Reading Time: 2 minutes Chicago | Reuters — Live cattle futures rose to life-of-contract highs at the Chicago Mercantile Exchange on Tuesday, lifted by worries that severe winter weather could prompt beef packers to pay higher prices for animals in the U.S. Plains, traders said. Technical buying and short-covering also buoyed cattle prices while lean hog futures finished narrowly […] Read more