Chicago | Reuters – Live cattle futures fell to a roughly 1-1/2-month low on Monday, sagging on worries of reduced demand for beef and cattle in cash markets, traders said. Calendar spreading across Chicago Mercantile Exchange livestock futures also contributed to declines. Traders were exiting front-month positions and rolling into deferred months, resulting in bear-spreading […] Read more
U.S. livestock: Cattle futures tumble on demand worries, spreading
Toxin in U.S. corn harvest poses latest headache for farmers
Chicago | Reuters – North American farmers are finding increased levels of a plant toxin known as vomitoxin in this year’s corn harvest, adding insult to injury for growers already suffering as the U.S.-China trade war hurts soybean exports and crop prices. Vomitoxin sickens livestock and can also make humans and pets fall ill, and […] Read more
U.S. livestock: Cattle, hog futures lower on weaker cash markets
Chicago | Reuters – Cattle and hog futures were mostly lower on the Chicago Mercantile Exchange on Friday, weighed down by spreading and weaker prices in cash markets for the animals, traders said. Cash hog prices have declined two days in a row in the top Iowa and Minnesota market, according to the U.S. Department […] Read more
U.S. livestock: Cattle futures climb on higher beef prices; hogs mixed
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Thursday, as rising wholesale beef prices stoked hopes that meat packers would pay more for cattle in cash markets this week, traders said. Cattle futures rebounded from early declines to reach the day’s highs after government data showed steep gains in beef […] Read more
U.S. livestock: Hog futures jump on technical buying
Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange gained as much as 1.7 percent on Monday, rising on technical buying and calendar spreading despite weaker prices for hogs in U.S. cash markets, traders said. Live and feeder cattle futures each were narrowly mixed in spread trading amid a lack of fresh […] Read more
U.S. livestock: Cattle futures ease ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Friday, with both live cattle and lean hogs easing on worries that U.S. supplies were growing faster than demand, traders and analysts said. Cattle futures declined ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report, which was released after the […] Read more
U.S. livestock: Hogs decline on heavier animals, technical selling
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped for the second straight session on Wednesday, on technical selling and after government data showed heavier-weight U.S. hogs that pointed to larger supplies, traders said. Bear-spreading pressured front-month December hogs, which settled down 2.175 cents at 54.7 cents/lb., a decline of about four per […] Read more
U.S. livestock: Cattle futures mostly lower on technical selling
Chicago | Reuters — U.S. cattle futures were mostly lower on Tuesday while lean hogs pared gains late in the session, with each pressured in part by technical selling and profit-taking, traders and analysts said. Some traders were liquidating positions in Chicago Mercantile Exchange cattle futures ahead of a monthly U.S. Department of Agriculture supply […] Read more
Expanding E15 sales would have limited U.S. market impact, analysts say
Chicago | Reuters — The Trump administration’s plan to allow year-round sales of higher-grade corn ethanol would have limited impact on the depressed U.S. ethanol market, with record supplies and prices for the fuel hovering near the lowest in a decade, analysts said. President Donald Trump announced the decision last week ahead of a campaign […] Read more
U.S. livestock: Hogs surge on cash price optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared as much as three per cent on Monday in bull-spreading linked to hopes of stronger U.S. cash hog prices and fears of African swine fever spreading in top pork consumer China, traders said. The gains came after China reported an African swine fever case […] Read more
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