Reading Time: 2 minutes Chicago | Reuters — Cattle placed in U.S. feedlots for fattening surged by 10 per cent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third quarter of 2016. However, analysts polled by Reuters predicted the spike in placements. […] Read more
Big U.S. cattle placements in May point to more meat in Q3
U.S. livestock: Cattle tumble, hogs decline on liquidation after Brexit
Reading Time: < 1 minute Chicago | Reuters –– U.S. live cattle tumbled more than two per cent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
U.S. livestock: Cattle jump in technical rebound as corn extends losses
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle rose sharply on Thursday, extending gains to the third session in a row on technical buying and as falling corn prices reduced feed costs for fattening animals, traders and analysts said. Feeder cattle climbed to a 1-1/2 week high as corn slid to a six-week low while big […] Read more
U.S. livestock: Hogs tumble most since March
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures plummeted by two per cent or more on Wednesday, notching their largest daily declines since March on technical selling and investment fund liquidation, traders and analysts said. Traders also were taking profits in hogs following their 1-1/2-year highs touched last week and ahead of a quarterly U.S. […] Read more
U.S. livestock: Live cattle fall to four-year low on beef prices
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures tumbled to the lowest levels in more than four years on Monday as weak cash cattle prices and declining beef values underscored worries of flagging demand, traders and analysts said. Feeder cattle extended losses to a fresh three-year low while lean hogs trimmed declines to finish mixed […] Read more
U.S. livestock: Feeder cattle hit three-year low on corn prices
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures tumbled to the lowest levels in more than three years on Friday as rising corn prices made fattening cattle for slaughter unprofitable, reducing demand, traders and analysts said. Chicago Mercantile live cattle and lean hog futures also fell, weighed by technical selling and as retailers had largely […] Read more
U.S. livestock: Cattle ease on cash weakness, lean hogs gain
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts fell to lifetime lows, knocking out what had been their previous life-of-contract lows […] Read more
U.S. livestock: Cattle limit down on feed costs, demand worries
Reading Time: 2 minutes Chicago | Reuters — U.S. live and feeder cattle futures each plummeted by their daily trading limits on Monday, declining in a technical selloff triggered in part by rising feed prices, traders and analysts said. Losses in feeder cattle of roughly three per cent outpaced declines in the more actively traded live cattle futures at […] Read more
U.S. grains: Wheat, corn ease on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn fell about one per cent on Thursday as traders locked in profit after the previous session’s multimonth highs and ahead of a U.S. Department of Agriculture supply and demand report due on Friday. Soybean prices were narrowly mixed at the Chicago Board of Trade, holding near the […] Read more
U.S. livestock: Hogs up on pork gains, short-covering
Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog futures rose as much as two per cent on Thursday, rallying to the highest levels in a week on gains in pork prices and as investors exited short positions ahead of a long holiday weekend, traders said. Most-active July hogs settled 1.45 cents higher at 81.275 cents/lb., with […] Read more
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