U.S. livestock: CME live cattle futures down on long liquidation

U.S. livestock: CME live cattle futures down on long liquidation

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell to a six-week low on Wednesday as lower cash beef prices and bearish technical signals prompted a round of long liquidation, traders said. Chicago Mercantile Exchange lean hog futures closed mixed, with nearby contracts turning higher and gaining against back months. Commodity funds hold net long […] Read more



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

Klassen: Feeder market remains volatile

Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. Many auction barns were closed last week and the ones holding sales had smaller numbers. Quality packages of yearlings were on the higher end of the range while smaller groups of fleshier replacements were discounted. Alberta feedlots were focusing […] Read more

CME December 2019 lean hogs with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

U.S. livestock: Deferred hog futures set contract highs for fourth day

Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more






CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs up third straight session

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday for a third straight session on expectations that an outbreak of African swine fever in China’s hog herd would prompt the Asian country to import more pork, traders said. Traders were still digesting Thursday’s export sales report from the U.S. […] Read more