Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday, underpinned by stronger cash trade as packers pull more cattle forward, while wholesale beef prices added support, analysts said. “It does seem like the packers have picked up the production for cattle lately,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
U.S. livestock: Live cattle firms on stronger cash, wholesale market
U.S. livestock: Lean hog futures slip amid export demand doubts
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slipped on Tuesday, as uncertainty over Chinese pork demand continued and animal weights were expected to increase on cooling U.S. temperatures, analysts said. Meanwhile, Chicago’s cattle futures firmed a bit on Tuesday, amid steady slaughter rates and market expectations that cash prices should continue to […] Read more
U.S. livestock: CME feeder cattle futures slide to five-month low
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures hit a one-week low on Monday on bigger-than-expected U.S. supplies, while feeder cattle dropped to a five-month low, analysts said. Traders have been expecting cattle supplies to tighten but did not see signs of it in October, said Rich Nelson, chief strategist for agricultural commodities […] Read more
U.S. livestock: Cattle futures fall; hog futures rise as traders look at cash prices
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell for the second day in a row on Friday, with traders saying that prices were still too high compared to cash market. High prices for corn and wheat that weighed on cattle producers’ profit margins added further pressure. But traders noted the opposite in […] Read more
U.S. livestock: Cattle futures fall after three days of gains, hogs firm
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday, snapping three sessions of gains on some profit-taking, traders said. Fresh signs of strength in the cash cattle markets had already been priced in, a trader said, and sharply higher prices for grain raised concerns about increased feeding costs. Hog futures were […] Read more
U.S. livestock: Cattle futures hit near two-month high as cash markets firm
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose for the third day in a row on Wednesday, nearing a two-month high on signs of improving cash markets. Traders also said a stepped-up pace of slaughter in recent days indicated demand for beef remains high. CME lean hog futures closed lower, with the front-month […] Read more
U.S. livestock: Cattle futures extend rally; hog contracts weaken
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more
U.S. livestock: CME cattle futures rise on support from fewer cattle placements
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more
U.S. livestock: Cattle end mostly lower; hog futures narrowly mixed
Reading Time: < 1 minute Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed mostly lower on Friday on technical selling and lackluster cash cattle trade this week, traders said. CME benchmark October live cattle settled down 0.375 cent at 128.125 cents per pound, and September feeder cattle futures ended down 0.475 cent at 163.075 cents […] Read more
U.S. livestock: CME cattle futures rise after U.S. cuts beef production forecasts
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Thursday as the U.S. Department of Agriculture reduced its forecasts for domestic beef production. The agency, in a monthly report, trimmed its estimate for 2021 U.S. beef production by 0.1 percent from July to 26.965 billion pounds due to lighter expected carcass weights. The production forecast […] Read more
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