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(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Bargain hunters, fund buying boost CME hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.85 cents/lb. higher at 57.25 cents, […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME hogs end quarter mostly higher on short-covering

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Reading Time: 2 minutes Chicago | Reuters — The bulk of Chicago Mercantile Exchange lean hog contracts on Friday finished higher in the final trading session for the quarter, ignited by fund buying and short-covering, said traders. They said futures rallied from earlier losses on Friday and prior to late Thursday’s U.S. Department of Agriculture quarterly hog report. The […] Read more
(USDA.gov via Flickr)
Livestock, Markets, Reuters

U.S. livestock: CME hogs settle mostly lower before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts closed lower on Thursday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CT. “The industry will no doubt show herd expansion and record-large production, it’s just a question of how much,” said Archer Financial Services broker […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Short-covering pulls up CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed some of their recent losses, with strength from technical buying and investors who covered previously held short positions, said traders. “Anyone who was short the market took a little money in profits,” said Oak Investment Group president Joe Ocrant. Wednesday morning’s wholesale […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets, Reuters

U.S. livestock: Cattle limit down after bearish USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per pound, reversing from Friday’s 1-1/2 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle hit one-month high ahead of USDA data

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture’s (USDA) Cattle on Feed report, however, was deemed bearish by analysts, and […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME October hogs fall to contract low

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. Traders […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle surge on cash optimism, technical buying

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched their biggest gains in 11 months on Wednesday, boosted by optimism for higher cash cattle prices and technical buying, traders and analysts said. Higher cattle sales at a weekly online auction helped to trigger the rally. Feeder cattle and lean hog futures also were […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle hit two-month high

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Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures gained on technical buying on Tuesday, with feeder cattle rising to a two-month high and lean hogs climbing by as much as 2.6 per cent, traders said. Fresh news remained scant, but traders were more optimistic about higher cash prices for both cattle and hogs. Declining prices for […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hog futures ease on big supplies, spreading

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly lower on Monday, pressured by bear-spreading and big U.S. supplies that continued to weigh on cash markets, traders said. The front-month October hogs contract notched the biggest declines, easing 0.975 cent, or about 1.7 per cent, to settle at 60 cents/lb. (all figures […] Read more

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