Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts firmed on Monday on technical buying and support from the premium of cash market prices to the actively traded front-month futures contract. Live cattle drew further support from firm beef prices and gains in feeder cattle futures. “Live cattle were up on the strong cash […] Read more
U.S. livestock: CME live cattle jump on cash market premiums
Feeder cattle firm, lean hogs mixed
JBS to automate beef warehousing at Brooks
Packer to replace current fully manual system
Reading Time: 2 minutes International meat packer JBS has enlisted a major robotics and automation company to overhaul the warehousing system at one of Canada’s biggest beef plants. JBS Foods Canada on Friday announced a $71 million project in partnership with New Zealand-based Scott Technology, to design and build a system that can handle and store up to 85,000 […] Read more
U.S. livestock: CME live cattle, feeder cattle slump
Deferred-month lean hogs up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Friday as brokers said steady-to-lower cash prices were seen as disappointing. Feeder cattle futures also finished weaker, under pressure from climbing prices of grain used for livestock feed, brokers said. Traders kept an eye on the cash market, where prices are trading at […] Read more
U.S. livestock: CME lean hogs touch highest level since April
Live cattle up, feeder cattle lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped to their highest price since April on Thursday on U.S. supply concerns and strength in outside markets, brokers said. Live cattle reached a two-week high in the most-active contract, while feeder cattle futures slumped under pressure from soaring costs for grain used for livestock […] Read more
U.S. livestock: CME cattle, hogs advance in turnaround from losses
Live hog futures in China drop sharply
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures closed stronger on Wednesday as the livestock markets recovered from losses in the previous session that were linked to fears of a global economic recession, traders said. Wall Street also finished higher, after broad declines in equities and commodities on Tuesday spilled over into […] Read more
U.S. livestock: CME live cattle fall on global recession worries
Lean hogs buck downward trend
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, following broad declines in commodities and Wall Street equities tied to fears of a global economic recession, traders said. “It’s the economy. You’ve got the fears of going into a recession,” said Don Roose, president of Iowa-based U.S. Commodities. “So goes the […] Read more
U.S. livestock: Hog futures rise to two-month high
CME cattle futures mixed
Reading Time: < 1 minute Chicago | Reuters — CME hog futures rose to their highest in two months on Tuesday as slowdowns on processing lines raised concerns about tightening supplies. Cattle futures were mixed, with feeder cattle contracts firming as falling corn prices improved prospects of cheaper feed and strong profit margins for packers. Live cattle contracts ended slightly […] Read more
U.S. livestock: CME live cattle up on rising cash prices
Lean hogs up in pre-long weekend trade
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger on Friday on rising cash prices, while lean hog futures hit two-week highs, analysts said. Feeder cattle futures also ended firmer. The markets advanced as U.S. stocks bounced back from a sharp selloff in the prior session. Losses in equities and concerns about […] Read more
U.S. livestock: CME live cattle mixed on uncertain consumer demand
Export strength supports lean hogs
Reading Time: 2 minutes Indianapolis | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with nearby contracts firming, while the most-active cattle futures eased pressured by inflationary concerns, though markets remain underpinned by tight cattle supplies across much of the U.S. Plains, analysts said. “The weakness comes from the uncertainty of the economy – how […] Read more
U.S. livestock: CME live cattle climb as cash markets surge
Firm cash prices also supportive in hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped two per cent on Wednesday, lifted by rising prices for market-ready cattle in the cash market, traders said. Cash cattle traded in Nebraska at around $145 per hundredweight, traders said, up $2-$4 from last week and significantly higher than nearby futures prices (all figures […] Read more
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