Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
U.S. livestock: CME cattle futures extend slump
Hogs mixed after strong week
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525 […] Read more
U.S. livestock: CME hog futures rise on sustained buying
Interest tied to bullish USDA report; cattle futures continue lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on continued buying interest tied to the recent bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled up 0.8 cent at 91.6 cents/lb., while the most-active December contract rose 1.8 cents […] Read more
U.S. livestock: CME hog futures pause after rally
Cattle futures end lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed mixed on Wednesday as the market paused following a surge tied to last week’s bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled down 0.875 cent at 90.8 cents/lb. while the most-active December contract […] Read more
U.S. livestock: CME hog futures extend rally on USDA data
Feeder cattle up on bargain-buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a fourth straight session as traders continued to digest Friday’s U.S. government report that signaled tighter hog supplies into 2022, analysts said. CME October lean hogs settled up 1.425 cents at 91.675 cents/lb. and the benchmark December contract rose 2.025 […] Read more
U.S. livestock: CME hogs surge on bullish USDA data
Chicago cattle futures sag
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily […] Read more
U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports
Cattle on feed top trade estimates
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash hog prices were also supportive. […] Read more
U.S. livestock: CME lean hogs firm on China’s herd restrictions
Cattle mixed to lower ahead of report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures firmed on Thursday, after China lowered its sow herd targets in an effort to ensure supply and stabilize prices. China’s ministry of agriculture and rural affairs said the target for its sow herd was now around 41 million head for 2021-2025 and should be […] Read more
U.S. livestock: CME live cattle follow packer demand down
Lean hog futures also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased on negotiated contracts to meet […] Read more
U.S. livestock: CME live cattle end mixed, hogs lower
Futures under pressure as equity markets slump
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are […] Read more
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