Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after a two-session slide as corn prices dropped and feeder cattle surged, but softening wholesale beef prices hung over the market, traders said. Benchmark CME August live cattle futures settled up 1.9 cents, at 172.5 cents/lb. (all figures US$). October futures […] Read more
U.S. livestock: Live cattle end higher, lean hogs mixed
Wholesale beef prices seen softening
U.S. livestock: Live cattle weak on large May placements
Slowing beef demand also a factor
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for outdoor grilling following the U.S. Independence Day holiday. Sharply higher feed corn prices early in Monday’s trading session weighed on the live and feeder cattle […] Read more
U.S. livestock: Feeder cattle rally as corn prices sag
Live cattle, lean hogs down
Reading Time: < 1 minute Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more
U.S. livestock: Cattle futures rise, hogs fall
Feeder cattle back in Bollinger range
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts […] Read more
U.S. livestock: Feeder cattle down as corn extends rally
Hogs end lower off early gains
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
U.S. livestock: Hogs rally to nine-month high; cattle ease
Cattle futures weaker on seasonal slowdown and profit-taking round
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more
Taiwan formally opens to OTM Canadian beef
BSE-era restriction now lifted
Reading Time: 2 minutes Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
U.S. livestock: CME live cattle up as beef prices climb
Chicago lean hogs close mixed
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Friday ahead of a long U.S. holiday weekend, supported by strong beef prices and profitable margins for beef packers, traders said. CME’s benchmark August live cattle contract settled up 0.65 cent at 171.725 cents/lb. (all figures US$). The U.S. Department of […] Read more
U.S. livestock: CME live cattle inch higher in technical bounce
Chicago lean hogs end mixed
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed modestly higher on Thursday on rising wholesale beef prices and a technical bounce after the benchmark August contract dipped to a two-week low. The cattle market has been consolidating after a surge to contract highs on June 7 triggered several days of […] Read more
U.S. livestock: CME live cattle fall on technical selling
Wholesale pork prices lift hogs
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Wednesday on chart-based selling and expectations of a seasonal slowdown in beef demand in the coming weeks, traders said. CME benchmark August live cattle futures settled down 2.95 cents at 170.975 cents/lb., with technical selling accelerating as the contract dropped below […] Read more
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