Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set a contract high on Thursday as strong cash prices supported the market, analysts said. After the trading session ended, the U.S. Department of Agriculture said in a quarterly report the nation’s inventory of hogs and pigs on September 1 was 74.5 million head, down […] Read more
U.S. livestock: Hog futures hit contract high, herd falls short of estimates
USDA plan to rebuild beef herd will not include producer payments, says farm secretary
Reading Time: < 1 minute The U.S. Department of Agriculture is developing a plan to revitalize the decimated U.S. beef herd, but will not offer payments to producers, Agriculture Secretary Brooke Rollins said on Thursday.
U.S. livestock: Live cattle drop as beef prices, packer margins erode
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on Wednesday on long liquidation by funds and as sinking beef prices and eroding packer margins weighed on the market. Feeder cattle futures also retreated in a technical correction after four consecutive sessions of gains that were fueled by concerns over tightening U.S. supplies. “We […] Read more
U.S. livestock: Hogs rally ahead of USDA report
Reading Time: < 1 minute Chicago lean hog futures rallied on Tuesday ahead of the USDA’s Hogs and Pigs report, due on Thursday. “The report may show a slight increase in total hog population, but analysts are speculating over what other stats may show and mean for futures prices,” the Wall Street Journal reported. The question is if producers expanded […] Read more
U.S. livestock: Cattle futures higher on screwworm news
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said. Analysts believed the news would mean the U.S.-Mexico border will be closed to feeder cattle imports for the foreseeable future. “It’s bullish […] Read more
U.S. livestock: Cattle futures higher, though traders uncertain about demand
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rose on Thursday on a tight cattle supply, though industry experts expressed doubt over consumer demand for beef as concerns grew over the U.S. economic outlook. CME December live cattle LCZ25 ended 1.475 cents higher to 234.15 cents per pound. October feeder cattle […] Read more
U.S. livestock: Cattle, hog futures fall
Reading Time: 2 minutes Chicago cattle and hog futures fell for the second day running ahead of Friday’s cattle on feed report. Most-active December live cattle closed at 232.675 cents a pound, down 2.475 cents. October contracts settled at 231.100 cents a pound, down 2.350 cents. Most-traded October feeder cattle futures closed at 349.125 cents per pound, a loss […] Read more
U.S. livestock: Cattle and hog futures slide
Reading Time: 2 minutes Chicago cattle and hog futures slid on Tuesday as economic data showed signs of slowing U.S. household spending. Most-active December live cattle closed at 235.150 cents a pound, down 1.125 cents. October contracts settled at 233.450 cents per pound, down 1.150 cents. Most-traded October feeder cattle futures settled at 354.300 cents a pound, down 0.200 […] Read more
U.S. livestock: Cattle futures rally, hogs rise
Reading Time: < 1 minute Chicago cattle futures rallied on Monday following losses in the previous trading session. Hogs also rose. Most-active December live cattle contracts closed at 236.275 cents a pound, up 4.350 cents. October live cattle settled at 234.600 cents a pound, up 4.625 cents. Most-traded October feeder cattle futures settled at 354.500 cents a pound, up 8.700 […] Read more
U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on investor expectations that U.S. Agriculture Secretary Brooke Rollins might announce a re-opening of the border with Mexico for cattle imports in a speech in Oklahoma on Friday. The U.S. is currently closed to cattle imports from Mexico because of an infestation south of the […] Read more
A message from April Stewart, Country Guide's Associate Editor
