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CME February 2019 live cattle with 20- and 50-day moving averages in light and dark red respectively. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs slump on technical selling, cattle rebound

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a fourth consecutive session on Tuesday led by the actively traded February contract, which hit a 4-1/2-week low on pressure from its premium over cash hog prices. Ample hog and pork supplies weighed on nearby futures contracts, while losses in deferred months were […] Read more
CME February 2019 lean hogs with 50-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs drop on technical selling

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third straight session on Monday as technical selling and profit-taking dragged prices to a 4-1/2-week low. Another steep sell-off in equities markets also stoked concerns that meat demand may not meet earlier expectations over the coming months. “Today we sucked more futures […] Read more
CME February 2019 live cattle with 20-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle hit six-week high on technical buying

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle climb on technical buying, demand optimism

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained about one per cent on Tuesday, lifted by technical buying and optimism for the continued robust demand for cattle and beef, traders and analysts said. Cattle futures shrugged off three straight sessions of declines to rise to the highest levels in about a week. […] Read more
(t-lorien/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs rebound

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed out the week on a positive note on Friday as hopes for a pickup in pork sales to China fueled speculative buying that lifted prices more than one per cent and reversed the prior session’s losses. The market remains focused on trade talks between the U.S. […] Read more

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