Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined for the fourth straight session on Friday, easing on technical selling and bets that cattle prices have likely reached a short-term peak, traders and analysts said. Feeder cattle and lean hog futures were slightly higher, with feeders rebounding from a two-week low. Most-active CME […] Read more
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U.S. livestock: Live cattle drop on technical selling
U.S. livestock: CME live cattle extend losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday lost ground for a second day in a row, weighed down by lower cash prices and an increased supply outlook, traders said. They said sell stops and fund liquidation contributed to market declines. Some investors adjusted positions before the U.S. Department of Agriculture (USDA) […] Read more
U.S. livestock: Cattle stumble on profit-taking, lower cash trades
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures notched their largest daily losses in nearly a month on Wednesday, pressured by profit-taking and weaker trades in U.S. Plains cash cattle markets, traders said. Feeder cattle futures fell nearly two per cent and lean hogs ebbed from their session highs, with each easing in […] Read more
U.S. livestock: Hogs rally from four-month lows on fund buying
Chicago | Reuters — U.S. lean hogs climbed 1.7 per cent on Tuesday, rallying on technical and investment fund buying after falling to more than four-month lows last week, traders and analysts said. Rising wholesale pork prices also bolstered hog futures amid expectations the meat was becoming more competitive with more pricier beef cuts. Live […] Read more
Klassen: Stronger fed cattle prices jolt feeder market
Feeder cattle markets came alive last week as fed cattle prices took a fortuitous bounce. Alberta packers were buying fed cattle in the range of $276-$279 on a dressed basis, up approximately $4 from week-ago levels. Improving beef demand enhanced wholesale beef prices, which quickly spilt over into the cattle complex. Compared to last week, […] Read more
U.S. livestock: Live cattle rally on stronger Plains cash market
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to fresh three-month highs on Friday as firming beef packer bids at U.S. Plains feedlot markets fueled expectations of higher cash cattle sales this week. Tighter supplies of market-ready cattle on feedlot showlists this week helped to support the cash market. Trading later developed […] Read more
U.S. livestock: Live cattle up on anticipated firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to the highest in at least three months on Thursday on fund and technical buying and as traders anticipated possibly higher cash cattle sales this week. Buying accelerated as futures prices topped highs posted early last week, as the market shrugged off bearish news […] Read more
U.S. livestock: Live cattle advance, anticipating firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Wednesday, supported by lagging cattle weights and expectations for higher cash market prices this week. Packers will be battling for a smaller number of market-ready cattle on showlists after recent frigid weather in the U.S. Plains and heavy snow in Iowa impeded […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Tuesday, with nearby contracts weighed down by expectations for increased supplies of market-ready cattle beginning next month. Declines were limited by concerns that harsh winter weather last week in northern areas of the U.S. Plains and western Midwest slowed cattle weight gains, […] Read more
U.S. livestock: Lean hogs rally on short-covering, bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied more than two per cent on Monday in a short-covering and bargain-buying rebound from steep declines last week and as cash pork prices rose. The actively-traded Chicago Mercantile Exchange April contract touched a 4-1/2 month low early in the trading session but recovered to […] Read more