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CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound to one-week high

Lean hog trade remains focused on plant shutdowns

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Chicago | Reuters — U.S. live and feeder cattle futures jumped to one-week highs on Thursday as the markets extended rebounds after diving recently on concerns about the new coronavirus backing up livestock on farms. Hog futures remained under pressure from disruptions caused by the virus, which has shut pork processing plants run by Smithfield […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures recover

Cargill cuts more beef shifts, Smithfield shuts more pork plants

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Chicago | Reuters — U.S. cattle and hog futures advanced on Wednesday as the markets recovered slightly from recent losses that traders said had dropped prices too far below the cash markets. Futures prices have tumbled recently as major meat companies have shut slaughterhouses due to the spread of the new coronavirus among employees. The […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise as traders hope slaughterhouses reopen soon

Hogs more sensitive to packer disruptions

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Chicago | Reuters — U.S. cattle futures rose Tuesday in a turnaround from recent losses, supported by a temporary easing of concerns over meat plants’ shutting due to cases of the COVID-19 coronavirus among workers, analysts said. Livestock markets have been fixated on shutdowns of meat plants because processing disruptions cause a backup in supplies […] Read more
(iStock/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: June hogs, cattle plunge limit down

COVID-19 shuts more U.S. meat processors

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Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures slide as COVID-19 worries roil market

Concerns over meat processing pace drag on cattle, hogs

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Chicago | Reuters — U.S. livestock futures slumped again on Thursday, volatility roiling the market as it faced resistance over surging stocks and growing concerns that meat packers will close plants in the COVID-19 coronavirus pandemic. Lean hog future prices slipped for a second session on concerns about the domestic glut of hog supplies and […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Bargain-buying investors rally cattle futures, again

CME June lean hogs down on day

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Chicago | Reuters — U.S. cattle futures surged for a second straight session on Wednesday, as investors kept snapping up deep discounts in futures prices, traders said. Lean hog future prices slipped, as concern continued to mount over a glut of domestic pork supplies and uncertainty on how quickly the U.S. sow herd is shrinking. […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures surge as investors snap up discounts

June live cattle limit up off Monday's limit-down drop

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Chicago | Reuters — U.S. livestock futures surged on Tuesday — with live cattle futures up to their 4.5-cent expanded limit — as steep discounts in futures prices over the current cash markets wooed investors to buy back in, traders said. Feeder cattle also jumped to their normal trading day limits, as the sector overall […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drop as pandemic roils markets

Technical buying lifts hogs, feeder cattle

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Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
CME April 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit 17-1/2-year low

Cattle also sink as virus measures disrupt markets

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Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
CME April 2020 lean hogs, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop to 3-1/2 year low

Cattle also limit down on coronavirus pandemic

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Chicago | Reuters — U.S. hog futures dropped to a 3-1/2 year low on Thursday while cattle tumbled as recession concerns and surging U.S. unemployment due to the coronavirus pandemic triggered broad liquidation across the battered livestock markets. Both live and feeder cattle and lean hogs dropped by their daily trading limits for a second […] Read more

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