(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, with support from buy stops and late-session short-covering before the afternoon’s U.S. Department of Agriculture monthly Cattle on Feed report, said traders. Analysts viewed the report as mildly bearish for live cattle futures on Monday due to May cattle placements that […] Read more



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs hit one-year high as pork prices extend gains

Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more

(CMEGroup.com)

CFTC fines cattle futures traders US$5 million

Chicago | Reuters — U.S. futures regulators fined a Memphis trading firm and three associates US$5 million on Wednesday for using a manipulative tactic in CME Group’s cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading + Investments $1.5 million and its chairman, Charles Dow McVean, […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

Hog rally good news, but exports needed long-term

CNS Canada — The recent rally in U.S. hog futures offers hedging opportunities and cash prices are supported for the short term, but Tyler Fulton at Hams Marketing tempers optimism for the longer-term outlook. “We have advocated for hedging, particularly for the fall and winter timeframe,” he said. However, he cautioned, the current rally is […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle, hogs mostly higher on short-covering

Chicago | Reuters — U.S. livestock futures were mostly higher on Friday, with cattle prices stabilizing after Thursday’s multiweek lows and hogs consolidating in the middle of their recent trading ranges. Most-active Chicago Mercantile Exchange August live cattle settled 0.675 cents higher at 118.175 cents/lb. (all figures US$). June live cattle futures finished 0.8 cent […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle tumble limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday finished down their three cents/lb. daily price limit, hit by fund liquidation and lower preliminary cash prices, said traders. June and August closed limit down at 124.5 cents and 117.875 cents, respectively. Both contracts ended below their respective 40-day moving averages of […] Read more