CME July 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hog futures down on large supplies

CME August cattle also close lower

Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures extended a decline on Thursday under pressure from large supplies and rebounding pork production, analysts said. Traders expect meat packers to have ample hogs to slaughter after livestock backed up on farms when processing plants temporarily closed in April and May because of COVID-19 outbreaks among meatpacking […] Read more

CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks […] Read more


CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated […] Read more

CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175 […] Read more


CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle firm on economic optimism

CME lean hogs close mostly higher

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more

CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Nearby lean hog futures slide as slaughter rebounds

CME live cattle up on bargain buying

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July […] Read more


CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended […] Read more

CME July 2020 lean hogs with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Lean hogs lower on China trade worries

CME live cattle close lower

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell Monday on worries that deteriorating relations between the United States and China, the world’s biggest pork importer, could inhibit U.S. pork sales to the Asian nation, traders said. China told state-owned firms to halt purchases of soybeans and pork from the United States, […] Read more


CME July 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs lower on China tensions

CME live cattle futures mostly higher

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened China with sanctions over its […] Read more

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle rise on economic optimism, discount to cash prices

U.S.-China tensions keep hogs in check

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns […] Read more