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(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs snap back from session lows

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Thursday, after short-covering and bargain buying brought contracts from morning lows, traders said. “Hogs (futures) were simply too cheap. The price had gotten to the point where (investors) had wrung out any sort of spring seasonal rally,” said independent CME livestock futures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit two-month high on cash optimism

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to two-month highs on Tuesday as wholesale beef prices extended gains, stoking optimism for higher prices this week in Plains cash cattle markets, traders and analysts said. Feeder cattle futures also were higher, while lean hogs fell for the fifth straight session. “There continues […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Profit-taking pressures cattle futures, boosts hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an end-of-the-week rally,” Rosenthal Collins […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs extend losses on cash expectations

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Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Thursday, extending losses to their third straight session, on pressure from expectations for declines in Midwest cash hog markets, traders and analysts said. Lower wholesale pork prices this week, especially pork belly cuts, also weighed on futures and squeezed packer […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle jump on positive outlook

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Average prices for steer and heifer calves jumped $8-$10 this past week with some buyers reporting values as much as $15 above week-ago levels. Feedlot operators could feel it in their bones earlier in November and there were no strings attached on orders flowing across the Prairies. Favourable weather reinforced the narrow premium of weaned […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Strong cash prices boost CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reached their highest level in two months, driven by fund buying and better-than-expected cash prices, said traders. December live cattle closed up 2.725 cents/lb. to 108.2 cents, and February ended 1.975 cents higher at 108.5 cents (all figures US$). On Wednesday packers paid […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle hit two-week high on technical buying

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Chicago | Reuters — U.S. live cattle futures climbed to a roughly two-week high on Friday, boosted by chart-based buying ahead of a government supply report that was released after the close, traders said. Chicago Mercantile Exchange live cattle extended steep gains from the previous session, with the two-day percentage rise of 4.9 per cent […] Read more

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