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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up for fourth straight session

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a fourth consecutive session on Monday, fueled by short-covering and futures’ discounts to last week’s cash prices, said traders. Last weekend’s news that China offered to lift its ban on U.S. beef helped spike Chicago Mercantile Exchange over one per cent on Monday. But, […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle extend gains as funds buy

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April live […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Bargain buying rallies CME hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.3 cent/lb. to 63.925 cents, and May 1.2 cents higher at 69.55 cents (all figures US$). “We […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end firmer despite cash pessimism

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.05 cent/lb. to 118.275 cents, and June up 0.125 cent to […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures slump on pork demand fears

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent/lb. lower at 64.8 cents, and […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash discounts lift live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, with support from short-covering tied to futures’ discounts to preliminary cash prices, said traders. April live cattle closed 0.575 cent/lb. higher at 121.35 cents, and June up 0.25 cent to 111.85 cents (all figures US$). Market-ready, or cash, cattle at Wednesday […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Fallen cash, pork prices sink CME hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday slumped to their lowest level in two months, as cash and wholesale pork values dropped on abundant supplies, said traders. They said sell stops and fund liquidation accelerated market declines. April hogs ended 0.55 cent/lb. lower at 65.1 cents, and below the 200-day moving […] Read more
Livestock, Markets, Reuters

U.S. livestock: CME lean hog futures extend losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures’ selloff last Friday carried over into Monday, led by fund liquidation and weaker cash prices, traders said. April hogs ended 1.625 cents/lb. lower at 65.65 cents, and below the 100-day moving average of 66.744 cents. May finished 1.9 cents lower at 70.325 cents, and below […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs give back recent gains

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday suffered their biggest one-day loss in a month, with pressure from liquidation by funds that were largely responsible for Thursday’s market rally, said traders. April hogs ended 2.075 cents/lb. lower at 67.275 cents, and May 1.725 cents lower at 72.225 cents. “Futures are […] Read more

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