Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector across the U.S. Great Plains […] Read more
U.S. livestock: CME live cattle futures hit new highs on tight supplies
Technical selling drags on hogs, again
U.S. livestock: CME live cattle futures ease, supplies in focus
Hog futures down on technical selling
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures eased on Wednesday, after moving higher in the previous session, as traders watch for smaller supplies of market-ready cattle moving through the system, traders said. Snow and ice across the U.S. Great Plains last week will likely also reduce supply, shrinking weights of market-ready cattle. “The recent […] Read more
U.S. livestock: CME live cattle futures climb on tight supplies
Supply report also bullish for hog futures
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures firmed on Tuesday, supported by lower cattle supplies and the impact of cold weather on cattle weights, traders said. Winter weather last week across the U.S. Great Plains likely caused cattle to lose weight amid snow and below-freezing temperatures, said Brad Kooima, commodity broker at Kooima Kooima […] Read more
U.S. livestock: Live cattle futures up, cattle placements drop
Lean hogs lower as weather curbs processing
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures firmed on Friday, as traders anticipated lower November feedlot placements in the U.S. Agriculture Department’s monthly Cattle on Feed report, released after the market close. USDA reported feedlot placements in November fell two per cent from a year ago. Analysts predicted a 4.2 per cent drop in […] Read more
U.S. livestock: February live cattle lower on slaughter delays
Winter weather caps gains in hog futures
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures eased on Thursday, as harsh cold conditions delayed slaughter operations, analysts said. Summer month futures climbed to contract highs as traders anticipate lower cattle supplies, possibly exacerbated by icy conditions. “We’re seeing those prices in April push through the roof. We now have a December that’s bitter […] Read more
U.S. livestock: CME lean hogs firm on demand expectations
Live cattle follow retail beef prices higher
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures lifted on Wednesday, jumping to two-week highs on expectations that demand for market-ready hogs will perk up in the coming weeks, analysts said. “There seems to be a lot of optimism in buying for after the first of the year,” said Matthew Wiegand, Risk Management Consultant at […] Read more
U.S. livestock: CME lean hogs ease on weaker pork cutout
Cattle futures down with slaughter pace
Reading Time: < 1 minute Chicago | Reuters — CME Group lean hog futures fell on Tuesday, pressured by falling pork prices, analysts said. “The product markets are so weak, I think it’s keeping the nearby under pressure,” said Altin Kalo, economist at Steiner Consulting Group. Carcass cutout values dropped $1.47, to $83.46 per hundredweight (cwt), according to the U.S. […] Read more
U.S. livestock: CME live cattle up with boxed beef prices
Lean hogs rise, then close lower
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures finished higher on Monday as rising boxed beef prices signaled there is demand in the market, brokers said. Choice cuts of boxed beef rose by $1, to $263.83 per hundredweight, after climbing by $8.53 on Friday, the U.S. Department of Agriculture said (all figures US$). Select […] Read more
U.S. livestock: Hog futures up off two-month low
Live cattle, feeder cattle also gain
Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures rallied on Friday, rebounding from a two-month low on a round of end-of-week bargain buying. Cattle futures also were firm despite concerns about waning demand, traders said. Cash market strength added support to both hogs and cattle. CME February lean hogs jumped 4.125 cents, to 85.775 cents/lb. […] Read more
U.S. livestock: Hog, cattle futures fall on poor demand outlook
Winter storms threaten some herds
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle and hog futures weakened on Thursday, with traders expressing concerns about both domestic and export demand due to prospects for a softening global economy. The U.S. Agriculture Department (USDA) on Thursday morning said that weekly export sales of beef totaled 13,800 tonnes, down from 18,000 a week ago. […] Read more
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