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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

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

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday posted losses for a fourth consecutive session, partly on caution before Friday’s U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Analysts polled by Reuters, on average, believe that July 2016 cattle placements increased modestly compared to […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle losses mount in fund selloff

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents/lb. lower at 113.575 cents (all figures US$). October closed 1.825 cents lower at 110.575 cents and below the […] Read more
(National Pork Board (U.S.) photo via ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Pork price turnaround sends CME lean hogs higher

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Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.15 cents/lb. higher at 61 cents, and December finished up 1.3 cents, to 56.75 (all figures US$). After falling almost $3/cwt the day before, […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs jump in technical rebound

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Friday, rebounding from earlier losses on technical buying and short-covering following the midday expiration of the August contract, traders and analysts said. Gains in hog futures came after prices neared last week’s roughly four-month lows, and hogs could still face more […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs in reversal as pork extends losses

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Chicago | Reuters — U.S. lean hog futures fell sharply on Thursday, reversing from earlier steep gains on pressure from declining pork prices and ample hog supplies, traders and analysts said. The price action suggested that hog futures would likely test their life-of-contract lows reached on Aug. 4 when trading resumes on Friday, analysts said. […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs jump on technical rebound

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained as much as two per cent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was […] Read more

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