Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures tumbled about 3 percent to fresh life-of-contract lows on Wednesday as cash hog and pork prices extended declines amid abundant supplies and worries of sagging demand, traders said. Most active October lean hog futures fell 1.575 cents to 48.400 cents per pound while front-month August […] Read more
U.S. livestock: Hog futures fall to new contract lows on heavy supplies
U.S. livestock: Feeder cattle fall on technical selling; hogs mostly lower
Reading Time: 2 minutes Chicago | Reuters – U.S. cattle futures fell on Tuesday, with feeder cattle easing about 2 percent on pressure from technical selling and abundant supplies, traders and analysts said. Lean hog futures also were mostly lower on the Chicago Mercantile Exchange, weighed down by declining prices for hogs in cash markets and lower wholesale pork […] Read more
Klassen: Small volumes characterize feeder cattle market
Reading Time: 2 minutes It’s that time of year when the feeder cattle market experiences a calm before the storm. The fall run will get underway over the next three weeks and recent market activity appears to be quite positive. Last week, yearlings and calves traded $3 on either side of unchanged compared to seven days earlier. However, larger […] Read more
U.S. livestock: Cattle futures rise on better beef packer demand
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose sharply on Friday, lifted by better demand from beef packers who were bidding more aggressively to buy steers in cash markets, traders and analysts said. Technical buying also supported cattle futures, which broke out of a relatively narrow trade that had defined the market […] Read more
U.S. livestock: Lower cash, pork prices send CME hog futures lower
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange hogs closed lower for a third straight day on Thursday, posting new lows for the contract, following downward-trending prices for market-ready, or cash hogs and wholesale pork values, traders said. Plentiful hog supplies and some plants shutting down temporarily to perform routine maintenance, which is typical this time […] Read more
U.S. livestock: Feeder cattle jump as corn costs decline; hogs extend losses
Reading Time: 2 minutes Chicago | Reuters – U.S. cattle futures jumped over 1 percent on Wednesday, with feeder cattle prices leading the way higher after corn futures fell, traders and analysts said. Feed costs are a top expense for fattening cattle and Chicago Mercantile Exchange feeder cattle surged as corn futures turned lower from a roughly 1-1/2 month […] Read more
U.S. livestock: Hog futures tumble with pork belly prices, despite China hopes
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell sharply on Tuesday, weighed down by ample supplies and tumbling prices for pork bellies that are used for bacon, traders said. Front-month August lean hogs fell 2.175 cents to 61.125 cents per pound, dropping to a life-of-contract low for the fourth consecutive session. Most-active […] Read more
Klassen: Stronger beef demand underpins feeder market
Reading Time: 2 minutes Compared to last week, Western Canadian yearling markets traded $2 to $4 higher on average while calves were relatively unchanged. It appears that yearling supplies could be down 2 per cent to 4 per cent this fall which has feedlots being more aggressive early in the season. Major markets in Alberta led the charge higher […] Read more
U.S. livestock: Cattle futures lower after weaker cash trades, hogs mixed
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged lower on Monday, under pressure from weaker trades in U.S. Plains cash cattle markets that occurred after futures markets closed late on Friday, traders and analysts said. Feeder cattle futures also eased, tracking declines in the more actively traded live cattle market, while lean […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more
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