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Tag Archives beef prices

Livestock, Markets, Reuters

U.S. livestock: Live cattle end mostly lower as beef prices ease

June hogs up, August lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed mostly lower on Thursday as wholesale beef prices began to retreat from historic highs as the U.S. slaughter pace improved, generating more meat supplies, analysts said. Chicago Mercantile Exchange (CME) August live cattle futures settled down 1.425 cents at 97 cents/lb. (all figures US$). Front-month June […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures dip after belly prices dive

Cattle down on ideas of beef prices peaking

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork […] Read more
Livestock, Markets, Reuters

U.S. livestock: June live cattle limit up on soaring beef prices

Large supplies of hogs, cattle still loom over futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, with nearby contracts rising the daily maximum, as surging wholesale beef prices and expectations U.S. beef and pork production would drop spurred speculative buying, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled up 4.5 cents, the expanded daily limit, at […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cash cattle, futures up on beef packer scrutiny

Profit-taking continues to drag on lean hogs

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Friday along with cash prices as the federal government probed the beef market. The price of cattle in the cash market has rebounded since U.S. President Donald Trump on Wednesday said he had urged the federal Justice Department to look into allegations that the meatpacking […] Read more
Beef Cattle, Livestock, Markets, Reuters

USDA to probe surging beef prices versus falling cattle prices

Tyson says will co-operate with department's investigation

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Reading Time: 2 minutes Chicago | Reuters — The U.S. Agriculture Department will investigate why a surge in beef prices because of coronavirus-related hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies such as Tyson Foods and Cargill that dominate […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drop as pandemic roils markets

Technical buying lifts hogs, feeder cattle

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit 17-1/2-year low

Cattle also sink as virus measures disrupt markets

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

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Reading Time: 2 minutes Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more

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