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CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up on cash market strength

Lean hog weights 'coming down a little bit'

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Monday, as the cash market strengthened and packers looked to pickup slaughter rates, brokers said. Feeder cattle also gained, while lean hog futures added as producers looked to offload market-weight animals early to reduce feed costs. CME October live cattle added 0.7 cent […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages and Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. livestock: Hog futures rise on good cash market demand

October live cattle close lower

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday on signs of strength in the cash market after prices had stagnated, traders said. “Recent price weakness uncovered fresh demand, triggering buying on the board this morning that tripped buy stops, accelerating gains,” StoneX chief commodities economist Arlan Suderman wrote in a note […] Read more
CBOT October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures fall after bearish export reports

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures fell on Thursday, pressured by signs of declining export demand for U.S. supplies. The U.S Agriculture Department on Thursday morning said that beef export sales totaled 15,100 tonnes in the week ended July 30, down 50.8 per cent from the 30,700 tonnes reported a […] Read more
CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures steady as investors eye supplies

October lean hogs close higher

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Reading Time: < 1 minute Chicago | Reuters — U.S. cattle futures steadied on Wednesday, with investors unwilling to push the market above recent highs due to plentiful supplies. Some producer hedging also was noted, traders said. “Everybody is a little too bulled up,” said Larry Hicks at Cattlehedging.com. “Everybody thinks we have worked through the supplies and we have […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures snap winning streak on profit-taking

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures weakened on Tuesday, snapping a five-session streak of gains, as traders took some risk off the table. Hog futures were slightly firmer. Investors shrugged off signs of strength in the cash cattle markets, concerned that the streak that pushed the October contract to a five-month high had […] Read more
CME September 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Strong demand underpins yearlings

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Reading Time: 2 minutes Compared to last week, yearlings traded steady to $4 higher on average; calves traded $2-$4 lower, although light volumes made the market hard to define. All eyes were on feeder cattle futures, which closed up nearly $4 for the week. This set the direction in Western Canada. Auction barns in Manitoba and Saskatchewan remain in […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend winning streak

Big supplies hinder hog market

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures firmed on Monday, with fund buying sparking the gains due to expected strength in the cash markets, traders said. “The trade continues to feel that the cash market has bottomed,” said Don Roose of U.S. Commodities. “It continues to feel that the cash market will trade from […] Read more
CME August 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures gain, fall short on the week

Lean hogs slip after three days' gains

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures gained on Friday, after four consecutive days of declines, as traders anticipated the U.S. Department of Agriculture’s monthly Cattle on Feed report. Chicago Mercantile Exchange (CME) August live cattle futures settled up 0.475 cent at 101.325 cents/lb. and October live cattle added 0.5 cent to close at […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures ease, demand picture foggy

Hogs up on firmer cash, pork prices

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell again Thursday, the fourth consecutive step back after reaching a high not seen since early March. “The rally last week was kind of counter-seasonal. You typically don’t rally the cattle in late July, early August, in the dog days of summer,” said Jeff French, an analyst […] Read more

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