Analysts surveyed by Reuters project that quarterly USDA data will show the herd on June 1 was about 0.8 per cent bigger than a year earlier and that the number of pigs per litter was up 2.3 per cent in the March-May period.
Chicago Mercantile Exchange (CME) nearby cattle future contracts turned higher on Monday as stronger-than-expected domestic seasonal demand and firm prices in the cash market gave futures a boost, market analysts said.
Chicago Mercantile Exchange (CME) feeder cattle futures turned lower and live cattle were mixed on Friday, as traders squared positions ahead of a closely-watched monthly feedlot report and anticipated smaller cattle placements, traders said.
Chicago Mercantile Exchange (CME) cattle futures were mixed on Thursday, with nearby live cattle contracts ticking higher amid signs of strength in the cash market and consumer demand staying firm, market analysts said.
Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.
Lean hog futures rallied at the Chicago Mercantile Exchange on Monday, as news of a China-EU trade dispute gave contracts a psychological boost, even though it is unlikely to give U.S. producers a new edge, traders and market analysts said.
Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed lower on Tuesday in dull technical trade as market players await cash cattle trade to develop, brokers said. CME August live cattle LCQ24 settled down 1.050 cents at 178.925 cents per pound, although the contract stayed above its 100- and 200-day moving averages. CME August […] Read more
Chicago Mercantile Exchange live cattle futures ended mixed on Friday as wholesale beef price firmed and packer margins improved, but traders remain concerned that cash market values may be near a seasonal peak, analysts said.