Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs gained for a sixth straight day on Thursday with tight supplies boosting cash hog and wholesale pork values, traders said. May closed 1.625 cents per pound higher at 76.95 cents, and June ended up 0.225 cent, to 81.425 cents (all figures US$). The morning’s average market-ready […] Read more
U.S. livestock: CME hogs end up sixth straight day on cash prices
Russia looks set to extend import ban on Western food
Reading Time: 2 minutes Moscow | Reuters –– Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. With President Vladimir Putin supporting moves to boost Russia’s “food security,” officials have promised to invest more in […] Read more
U.S. livestock: CME hogs extend gains with cash, pork prices
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs finished higher for a fifth straight session on Wednesday, helped by advances in cash and wholesale pork prices, traders said. May closed 1.575 cents per pound higher at 75.325 cents, and June was up 1.3 cents at 81.2 cents (all figures US$). The morning’s average market-ready […] Read more
U.S. livestock: CME live cattle rebound, hogs move up
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Tuesday, erasing Monday’s losses aided by short-covering and futures’ discounts to cash prices a week ago, traders said. April ended up 0.525 cent per pound to 161 cents, and June 0.85 cent higher at 151.125 cents (all figures US$). Last week, market-ready (cash) […] Read more
U.S. livestock: CME live cattle retreat after USDA report
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Monday, partly in response to Friday’s bearish U.S. Department of Agriculture monthly Cattle on Feed report, traders said. Friday’s report showed a bigger-than-anticipated movement of cattle into feedlots last month compared to a year ago. March’s increased placements of heavier cattle could […] Read more
U.S. livestock: CME live cattle climb ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant gains Friday on fund buying and positioning before the U.S. Department of Agriculture (USDA) monthly Cattle-on-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show fewer cattle entered feedyards last month than a year ago. April ended 1.875 cents […] Read more
U.S. livestock: CME live cattle limit up on improved fundamentals
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up the three-cent-per-pound price limit Thursday, on higher wholesale beef values and better-than-expected subsequent cash prices, traders said. April and June ended at 159.3 cents and 149.025 cents per pound (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents […] Read more
U.S. livestock: CME live cattle pare early losses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled flat to weaker on Wednesday, pressured by initial lower cash prices, but futures’ discounts to those cash values minimized losses, traders said. April closed unchanged at 156.3 cents, and June 0.7 cent lower at 146.025 cents (all figures US$). A few market-ready (cash) cattle in […] Read more
U.S. livestock: CME live cattle, hogs rally on short covering
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Tuesday, supported by short-covering in the wake of recent market losses, traders said. CME live cattle discounts to last week’s prices for market-ready (cash) cattle provided more support, they said. April closed 0.95 cent per pound higher at 156.3 cents, and June ended […] Read more
U.S. livestock: CME live cattle tumble again as funds sell off
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep losses for a second straight session on Monday, partly due to fund liquidation after contracts fell through key technical support levels, traders said. April closed 2.45 cents per pound lower at 155.35 cents (all figures US$). It dropped below the 100-day and 40-day […] Read more
A message from April Stewart, Country Guide's Associate Editor
