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CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures climb on tight supplies

Supply report also bullish for hog futures

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Chicago | Reuters — CME live cattle futures firmed on Tuesday, supported by lower cattle supplies and the impact of cold weather on cattle weights, traders said. Winter weather last week across the U.S. Great Plains likely caused cattle to lose weight amid snow and below-freezing temperatures, said Brad Kooima, commodity broker at Kooima Kooima […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures up, cattle placements drop

Lean hogs lower as weather curbs processing

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Chicago | Reuters — CME live cattle futures firmed on Friday, as traders anticipated lower November feedlot placements in the U.S. Agriculture Department’s monthly Cattle on Feed report, released after the market close. USDA reported feedlot placements in November fell two per cent from a year ago. Analysts predicted a 4.2 per cent drop in […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: February live cattle lower on slaughter delays

Winter weather caps gains in hog futures

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Chicago | Reuters — CME live cattle futures eased on Thursday, as harsh cold conditions delayed slaughter operations, analysts said. Summer month futures climbed to contract highs as traders anticipate lower cattle supplies, possibly exacerbated by icy conditions. “We’re seeing those prices in April push through the roof. We now have a December that’s bitter […] Read more
CME February 2023 lean hogs with 20- and 100-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on demand expectations

Live cattle follow retail beef prices higher

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Chicago | Reuters — CME lean hog futures lifted on Wednesday, jumping to two-week highs on expectations that demand for market-ready hogs will perk up in the coming weeks, analysts said. “There seems to be a lot of optimism in buying for after the first of the year,” said Matthew Wiegand, Risk Management Consultant at […] Read more
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs ease on weaker pork cutout

Cattle futures down with slaughter pace

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Chicago | Reuters — CME Group lean hog futures fell on Tuesday, pressured by falling pork prices, analysts said. “The product markets are so weak, I think it’s keeping the nearby under pressure,” said Altin Kalo, economist at Steiner Consulting Group. Carcass cutout values dropped $1.47, to $83.46 per hundredweight (cwt), according to the U.S. […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up with boxed beef prices

Lean hogs rise, then close lower

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Chicago | Reuters — CME Group live cattle futures finished higher on Monday as rising boxed beef prices signaled there is demand in the market, brokers said. Choice cuts of boxed beef rose by $1, to $263.83 per hundredweight, after climbing by $8.53 on Friday, the U.S. Department of Agriculture said (all figures US$). Select […] Read more
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures up off two-month low

Live cattle, feeder cattle also gain

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Chicago | Reuters — CME Group hog futures rallied on Friday, rebounding from a two-month low on a round of end-of-week bargain buying. Cattle futures also were firm despite concerns about waning demand, traders said. Cash market strength added support to both hogs and cattle. CME February lean hogs jumped 4.125 cents, to 85.775 cents/lb. […] Read more
CME February 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall on poor demand outlook

Winter storms threaten some herds

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Chicago | Reuters — CME Group cattle and hog futures weakened on Thursday, with traders expressing concerns about both domestic and export demand due to prospects for a softening global economy. The U.S. Agriculture Department (USDA) on Thursday morning said that weekly export sales of beef totaled 13,800 tonnes, down from 18,000 a week ago. […] Read more
CME December 2022 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: December live cattle down off 7-1/2-year high

Hogs down on export market concerns

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Chicago | Reuters — CME Group live cattle futures dropped on a round of profit taking after the front-month contract rose to its highest since June 2015 early in the session. Concerns about a winter storm damaging herds in the U.S. Plains provided support to cattle futures overnight. While supply concerns dominated cattle futures trading, […] Read more
CME February 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on short-covering

CME cattle futures also up

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Chicago | Reuters — CME Group hog futures rose on Tuesday, snapping a streak of five straight losing sessions on some mild short-covering, traders said. Gains were kept in check by concerns that demand for pork during China’s Lunar New Year celebrations will be lighter than usual due to rising COVID-19 cases in the country. […] Read more

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