Reading Time: 2 minutes Chicago Mercantile Exchange cattle futures turned lower on Friday on technical trading, month-end positioning and ongoing concerns that high retail beef prices could chill consumer demand later this summer, traders said.
U.S. livestock: Cattle futures lower, hogs higher, on month-end positioning
Flooding in Midwest provides some support for hogs as roads, rail lines washed out around processors
U.S. livestock: Hog futures turn lower ahead of USDA hog-pig report
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures turned lower on Thursday, ahead of a quarterly government report that many traders had predicted would show that U.S. farmers had a slightly larger hog herd, traders said.
U.S. livestock: Livestock futures turn higher on technical trading, Midwest floods
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures turned higher on Wednesday as fund investors adjusted their positions and sought short-covering, even as many contracts set new lows for a second trading day, traders said.
U.S. livestock: Hogs set contract lows as traders await US herd data
Reading Time: < 1 minute Analysts surveyed by Reuters project that quarterly USDA data will show the herd on June 1 was about 0.8 per cent bigger than a year earlier and that the number of pigs per litter was up 2.3 per cent in the March-May period.
U.S. livestock: Nearby cattle futures rise on strong demand
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) nearby cattle future contracts turned higher on Monday as stronger-than-expected domestic seasonal demand and firm prices in the cash market gave futures a boost, market analysts said.
U.S. livestock: Feeder cattle lower, live cattle mixed ahead of surprising USDA report
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) feeder cattle futures turned lower and live cattle were mixed on Friday, as traders squared positions ahead of a closely-watched monthly feedlot report and anticipated smaller cattle placements, traders said.
U.S. livestock: Cattle futures mixed, lean hogs lower on signs of cooling economy
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures were mixed on Thursday, with nearby live cattle contracts ticking higher amid signs of strength in the cash market and consumer demand staying firm, market analysts said.
U.S. livestock: CME cattle futures drift lower, lean hogs down
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.
U.S. livestock: CME hogs turn higher on news of China-EU trade fight
Reading Time: 2 minutes Lean hog futures rallied at the Chicago Mercantile Exchange on Monday, as news of a China-EU trade dispute gave contracts a psychological boost, even though it is unlikely to give U.S. producers a new edge, traders and market analysts said.
Feds announce early livestock tax deferral
Reading Time: 2 minutes Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
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