Hogs

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

Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday closed down more than two per cent, pressured by the recent decline in cash and wholesale pork prices, traders said. Although the morning’s wholesale pork prices inched upward, mixed cash hog returns left traders uneasy about those prices in the near term. “Packers are […] Read more

Chicago | Reuters — Chicago Mercantile Exchange hogs closed mostly higher on Tuesday, with support from fund buying that helped most contracts beat back early-session losses, traders said. Short-covering contributed to overall CME hog advances. May futures could not overcome their bearish premium to CME’s hog index, at 116.83 cents, and lacklustre demand for market […] Read more

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures spiked to a record high on Monday, driven by tight supplies of young calves for fattening at feedlots, traders said. Fewer cattle are available now following years of drought in parts of the United States that have forced ranchers to downsize their herds. The U.S. […] Read more