Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) climbed for a fourth straight session on Monday, with front-month contract hitting a fresh 4-1/2-year high on strong demand. Lean hog futures also firmed, supported by good demand. Lighter-than-normal trading volumes aided livestock futures’ advance on Monday, with little selling pressure ahead […] Read more
U.S. livestock: Live cattle notch 4-1/2-year high
Lean hogs gain on good demand
U.S. livestock: Cattle futures up for third straight day
December, February hogs lower
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle futures rose for a third day in a row on Friday, with the front-month live cattle contract hitting a fresh 4-1/2-year high on strong cash markets and rising slaughter numbers. Hog futures were weaker on technical selling. CME’s most-active February live cattle contract gained 0.45 cent to 137.7 […] Read more
U.S. livestock: Cash, export markets lift CME live cattle
December hogs lower, February up
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle futures rose on Thursday, with the front-month live cattle contract hitting its highest since June 2017 on support from strength in the cash markets. Rising overseas demand also lent support cattle futures after the U.S. Agriculture Department said that weekly beef export sales totaled 30,000 tonnes, the most […] Read more
U.S. livestock: CME lean hogs fall, live cattle firm
Reading Time: < 1 minute Chicago | Reuters — CME lean hog futures fell on Wednesday, hit by profit-taking after rallying in the previous session, traders said. Live cattle futures were firm but gains were kept in check as the market consolidated near the 4-1/2-year highs hit earlier in the week. CME December lean hogs fell 1.55 cents to 76.175 […] Read more
U.S. livestock: CME lean hogs up, cattle weak
Reading Time: < 1 minute Chicago | Reuters — CME Group lean hog futures rallied on Tuesday, supported by fund buying and expectations that supplies will begin to tighten in the coming weeks, traders said. Live cattle futures eased slightly for the second day in a row as the market waited for fresh bullish inputs before driving prices above the […] Read more
U.S. livestock: CME cattle firm, cash cattle supportive
Heavier slaughters weigh on hog futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by tighter supplies of market-ready cattle that propped up cash prices last week, traders said. “In theory, the feedlots have a little more leverage, because there’s fewer cattle available for the packer to buy,” said Alan Brugler, president of Brugler Marketing. […] Read more
U.S. livestock: CME cattle futures mostly lower as corn climbs
Technical buying supports lean hogs
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly lower on Friday, pressured by rising corn prices that depressed feeder cattle futures, traders said. But firmer cash cattle prices this week underpinned the market. CME January feeder cattle futures fell 1.35 cents to end at 157.725 cents/lb., sagging as Chicago Board of […] Read more
U.S. livestock: CME lean hogs, live cattle modestly lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday, retreating near the close on technical selling and soft cash hog markets, traders said. The CME’s lean hog index, a two-day weighted average of cash hog prices, fell 0.51 cent, to 78.72 cents/lb. (all figures US$). CME December lean hogs settled […] Read more
U.S. livestock: CME hog futures up on slaughter speed plan
December live cattle touch two-month high, end lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday after the U.S. Department of Agriculture (USDA) said it will allow nine pork processing plants to apply to operate faster line speeds under a pilot program. The announcement eased concerns that slower processing speeds had slowed meatpackers’ demand for pigs to slaughter, […] Read more
U.S. livestock: USDA lifts estimates for beef production, cattle prices
December live cattle up, lean hogs lower
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture on Tuesday raised its forecast for beef production and cattle prices in 2021 and 2022 due to strong demand and heavier livestock. Robust sales of U.S. beef to domestic consumers and overseas buyers have helped support Chicago Mercantile Exchange (CME) cattle futures. USDA, in a monthly […] Read more
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