(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally before USDA report

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, with support from buy stops and late-session short-covering before the afternoon’s U.S. Department of Agriculture monthly Cattle on Feed report, said traders. Analysts viewed the report as mildly bearish for live cattle futures on Monday due to May cattle placements that […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag with cash, beef prices

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a second straight day on Thursday, pressured by fallen cash and wholesale beef values, said traders. June, which will expire on June 30, closed 0.875 cent/lb. lower at 118.625 cents (all figures US$). Most actively-traded August finished 1.075 cents lower at 114.275 cents. […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs hit one-year high as pork prices extend gains

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more

(CMEGroup.com)

CFTC fines cattle futures traders US$5 million

Reading Time: < 1 minute Chicago | Reuters — U.S. futures regulators fined a Memphis trading firm and three associates US$5 million on Wednesday for using a manipulative tactic in CME Group’s cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading + Investments $1.5 million and its chairman, Charles Dow McVean, […] Read more



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs surge to one-year high

Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures surged as much as four per cent on Monday, lifted by investment fund buying and higher pork prices that boosted meatpackers’ profit margins, traders and analysts said. Hogs on a continuous chart rose to the highest levels since last June 23. Most-active Chicago Mercantile Exchange August lean hog […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle, hogs mostly higher on short-covering

Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures were mostly higher on Friday, with cattle prices stabilizing after Thursday’s multiweek lows and hogs consolidating in the middle of their recent trading ranges. Most-active Chicago Mercantile Exchange August live cattle settled 0.675 cents higher at 118.175 cents/lb. (all figures US$). June live cattle futures finished 0.8 cent […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs ease in technical selloff

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly about two per cent lower on Thursday, easing on technical selling and investment fund liquidation, traders and analysts said. Hog futures fell sharply to their session lows at 10:10 a.m. CT in what two traders called a “flash crash,” before prices recouped a portion of […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle tumble limit down

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday finished down their three cents/lb. daily price limit, hit by fund liquidation and lower preliminary cash prices, said traders. June and August closed limit down at 124.5 cents and 117.875 cents, respectively. Both contracts ended below their respective 40-day moving averages of […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs rebound as wholesale pork hits two-year high

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped as much as two per cent on Tuesday, rebounding from losses in the previous session on support from sharply higher wholesale pork prices, traders and analysts said. Prices for U.S. pork extended gains to the highest levels in more than two years, according to […] Read more