Hogs

Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday for a seventh straight session, led by lower market-ready, or cash, hog prices, traders said. The morning’s hog price in Iowa/Minnesota fell $2.41 per hundredweight (cwt) from Tuesday to $111.72, according to the U.S. Department of Agriculture (all figures US$). “The trade is […] Read more

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Tuesday hit an all-time high, supported by firm prices for young calves, or feeder cattle, traders said. Feedlots are paying more for calves after years of drought in parts of the U.S. shrank the herd to a 63-year low. Gains in CME’s live cattle […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle finished lower on Monday, pressured by profit-taking that erased Friday’s gains pegged to steady-to-better market-ready or cash cattle prices, traders said. Monday was a day to evaluate this week’s cash cattle sales and subsequent wholesale beef prices, said Archer Financial Services broker Dennis Smith. Last Friday, […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Friday after a choppy session, dragged down by profit-taking that trumped steady-to-higher prices for market-ready or cash cattle, traders said. On Friday, cash cattle in Texas traded at $146 per hundredweight (cwt), up $1 from last week, feedlot sources said. Cash cattle […] Read more

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Thursday closed at an all-time high, with some contracts up by the three-cent price limit, fueled by costly prices for young calves for fattening, traders said. Prices for light-weight feeder cattle are “on fire,” said Jim Clarkson, a broker with A+A Trading Inc. This […] Read more