GFM Network News

CME April 2019 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures drop on weak pork prices

Chicago | Reuters — U.S. lean hog futures fell to the lowest levels since mid-August on Wednesday, declining for the second straight session as weaker prices for pork pointed to abundant supplies, traders and analysts said. Cattle futures also eased on the Chicago Mercantile Exchange but prices stayed within recent trading ranges as investors waited […] Read more

CME April 2019 live cattle, with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Hogs fall on technical selling, live cattle up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined more than one per cent on Tuesday, giving back a portion of gains notched on Monday in a technical setback, traders said. Hogs on Monday surged from a multimonth low, boosted in part by technically oversold conditions. But the market remained anchored by abundant […] Read more

CME April 2019 live cattle, with 20-day moving average. (Barchart)

U.S. livestock: Cattle ease on technical selling ahead of storm

Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Thursday, with live cattle prices easing from recent contract highs on technical selling ahead of a major winter storm forecast to hit U.S. cattle country, traders said. Feeder cattle futures fell to a roughly 1-1/2 week low, pressured in part by rising corn […] Read more

CME February 2019 live cattle with 50-day moving average. (Barchart)

U.S. livestock: Live cattle hit contract highs on storm forecast

Chicago | Reuters — Live cattle futures rose to life-of-contract highs at the Chicago Mercantile Exchange on Tuesday, lifted by worries that severe winter weather could prompt beef packers to pay higher prices for animals in the U.S. Plains, traders said. Technical buying and short-covering also buoyed cattle prices while lean hog futures finished narrowly […] Read more