Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures ended mostly lower on profit-taking on Tuesday as the market pulled back from contract highs, analysts said. The market consolidated after recent gains, though analysts said cash cattle prices are expected to strengthen this week. Most actively traded December live cattle LCZ2 ended 0.825 cent lower at […] Read more
U.S. livestock: Live cattle futures turn lower after setting contract highs
U.S. livestock: Live cattle futures jump to 7-year peak as U.S. herd shrinks
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied to a fresh seven-year high on Monday, lifted by expectations for tightening supplies following a monthly U.S. Department of Agriculture (USDA) cattle supply report, traders said. Several actively traded nearby contracts posted life-of-contract highs after the USDA’s cattle-on-feed report, released after the market closed on […] Read more
U.S. livestock: Cattle, hog futures rise on robust beef, pork demand
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
U.S. livestock: Live cattle futures extend gains
Chicago hog futures weak
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
U.S. livestock: Cattle, hog futures rise on cash market strength
November feeder cattle also end higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day […] Read more
U.S. livestock: Live cattle futures hit over seven-year high
CME lean hogs also close higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose on Tuesday and the front-month contract hit its highest in more than seven years on strength in the cash market, traders said. Hog futures were also firm, with chart-based buying after contracts broke through key technical resistance points on Monday. CME December lean hog […] Read more
U.S. livestock: Live cattle, hog futures hit multi-week highs
November feeder cattle end lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and live cattle futures rallied to multi-week highs on Monday. CME December lean hog futures rose 2.7 cents to settle at 84.95 cents/lb. (all figures US$). The contract peaked at 85.1 cents, its highest since Sept. 23, and rose above its 100-day and 200-day moving averages during […] Read more
U.S. livestock: Lean hog futures rise on good demand
Cattle futures mostly lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a near three-week high on Friday as strong demand and improved pork packer margins sparked buying ahead of the weekend, traders said. Another solid week of pork export sales added support, soothing concerns about rising supplies of market-ready hogs, they said. “Demand is […] Read more
U.S. livestock: Cattle, hogs mostly down on weak margins, inflation worries
Beef packer margins in negative territory
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures ended mostly lower on Thursday on eroding meat packer margins and as soaring inflation raises demand concerns, traders said. Technical selling and profit-taking further fueled declines in livestock futures after live cattle and lean hog contracts touched 2-1/2-week highs this week. A U.S. Labor […] Read more
U.S. livestock: Live cattle mostly up with consumption forecast
Chicago lean hogs also up on day
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firmer on Wednesday as wholesale beef prices stabilized after a recent slide and as a monthly government report helped to temper concerns about waning consumption. Gains were capped by eroding beef packer margins, although cattle demand is likely to remain high this week […] Read more
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