Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third session as strong demand for beef ahead of the Labour Day holiday bolstered margins for meat packers, traders said. CME October live cattle futures ended up 0.225 cent at 100.225 cents/lb., and October feeder cattle settled up 0.9 […] Read more
U.S. livestock: CME cattle rise on strong beef demand
U.S. livestock: CME live cattle climb on wholesale beef demand
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the Labour Day holiday weekend, analysts said. Retailers are stocking their meat cases this week ahead of the Labour Day holiday on Sept. 2, while a Tyson Foods slaughterhouse […] Read more
U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more
U.S. livestock: Hogs up on technical buying, cash values
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures neared a three-week high on Wednesday, buoyed by a mix of technical buying and ideas that a glut of U.S. hog supplies was showing signs of tightening, traders said. Fears of an expansion in Asia of the African swine fever (ASF) outbreak in China […] Read more
U.S. livestock: Lean hogs up as swine fever fuels export hopes
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) rose for a second day on Wednesday, supported by expectations of increased demand for U.S. pork as African swine fever spreads in China’s hog herd and elsewhere, traders said. “The African swine fever news and talk was everywhere today,” said Dennis […] Read more
U.S. livestock: CME live cattle futures down on long liquidation
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
U.S. livestock: CME hogs limit down, retreating from last week’s top
Chicago | Reuters — Most months of Chicago Mercantile Exchange lean hog futures closed down the daily three-cent trading limit on Tuesday on softening cash markets and profit-taking following contract highs set last week, analysts said. “The cash market has slowed down. It was down a little yesterday and the carcass values were weaker this […] Read more
U.S. livestock: CME hogs lower as rally pauses
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mostly lower on Monday as softening cash hog prices sparked a round of profit-taking after Friday’s contract highs, traders said. “Cash prices stopped moving higher at a rapid clip, so everyone is taking a step back,” said Altin Kalo, agricultural economist for New Hampshire-based […] Read more
U.S. livestock: Live cattle hit contract highs on weather woes
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose Tuesday, with the benchmark June contract hitting a high as poor feedlot conditions in portions of the U.S. Plains raised concerns about beef supplies, traders said. Lean hogs closed lower in a profit-taking setback from contract highs set a day earlier. Fat cattle futures […] Read more
U.S. livestock: Hog futures rise on pork export optimism
Chicago | Reuters — U.S. front-month hog futures surged on Monday, extending last week’s advances on expectations of additional export sales to China, where African swine fever has decimated the world’s largest hog herd, traders said. “We had that huge sale of pork to China last week, and the market is anticipating more sales,” said […] Read more
Cyber-Savvy Farmer
