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U.S. livestock: Live cattle tumble on bearish USDA data
Livestock, Markets, Reuters

U.S. livestock: Live cattle tumble on bearish USDA data

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more
U.S. livestock: Hogs dip from two-week high, await trade news
Livestock, Markets, Reuters

U.S. livestock: Hogs dip from two-week high, await trade news

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Chicago | Reuters — U.S. lean hog futures retreated on Wednesday after four straight sessions of gains in a technical and profit-taking setback from two-week highs as investors awaited new developments in U.S.-China trade negotiations. Cattle futures also fell broadly, although worries about a late-winter snowstorm forecast for the beef cattle-producing U.S. Plains underpinned the […] Read more
U.S. livestock: CME hogs weaken on technical selling, demand uncertainty
Livestock, Markets, Reuters

U.S. livestock: CME hogs weaken on technical selling, demand uncertainty

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Chicago | Reuters — Chicago Mercantile Exchange hog futures eased on Thursday on a round of technical follow-through selling after declining on Wednesday, traders said. Weakness in the cash market, as well as uncertainty about demand from China, also weighed on the hog market. CME February lean hogs closed Thursday at 59.825 cents/lb., down from […] Read more
CME February 2019 live cattle with 20-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby live cattle rise on firm cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Friday, with firm cash cattle markets supporting actively traded nearby months. Forecasts for possible winter weather in the U.S. Plains next week, which could slow down weight gains and cattle marketings, added further support. Feedlot cattle in Nebraska traded at mostly $119/cwt […] Read more
CME January 2019 feeder cattle with 20-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: February hogs down, cattle up ahead of USDA data

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged higher while hog futures eased slightly on Thursday as traders awaited the release of two key U.S. government reports. The U.S. Agriculture Department reports, released after the market closed, showed that the U.S. hog herd was slightly lower than analysts were expecting, at 102 per […] Read more
CME January 2019 feeder cattle, with 20-day moving average. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rally after bullish USDA data

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures were higher on Wednesday, extending earlier small gains after government supply reports showed fewer-than-expected U.S. cattle supplies, traders said. U.S. Department of Agriculture monthly Cattle on Feed data showed 11.692 million cattle in U.S. feedlots as of Nov. 1. That figure was three per cent higher […] Read more

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