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Tag Archives cold storage

CME February 2022 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs ease

Beef supply drawdown 'quite substantial' in October

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Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange fell on Wednesday during thin pre-Thanksgiving trade, though analysts said market fundamentals remains supportive. The Chicago Board of Trade (CBOT) will be closed on Thursday for the U.S. Thanksgiving holiday. Reductions in beef cold storage supplies last month should be supportive after the […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs ease

Cold storage adds versus year-earlier

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Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange eased on Tuesday on softer holiday demand, after climbing to three-week highs a day prior due to tighter-than-expected cattle supplies, traders said. “With a short week, you won’t have to have as aggressive a cash trade to fill out the packer needs for […] Read more
CME June 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally on pork price, cash market strength

Cattle futures also up on day

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Wednesday, with the most-active June contract jumping 2.4 per cent and hitting an all-time high, supported by rising pork prices and strength in the cash market. CME April lean hog futures rose 2.3 cents to end at 102.55 cents/lb. (all figures US$). Most-active June […] Read more
Photo: ARS/USDA
Hogs, Livestock, Markets

Hog market recovering from pandemic lows

China again a major driver of hog values

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MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures limit-up to highest since May 2019

Cattle futures bounce on bargain buying

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Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle end firm, led by rising beef prices

Lean hog futures edge higher

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Chicago | Reuters — U.S. live cattle futures closed higher on Monday as support from strong wholesale beef prices and expectations of firm cash cattle prices overshadowed pressure from bearish data in a monthly cattle report released late Friday, traders said. Chicago Mercantile Exchange April live cattle futures settled up 0.425 cent at 122.95 cents/lb. […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up on firm cash, export hopes

Lower supplies in cold storage support hogs

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Chicago | Reuters — U.S. live and feeder cattle futures gained on Wednesday as strong export optimism supports production through the end of the year, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.5 cent higher at 107.875 cents/lb. (all figures US$). Market-ready cattle traded in the cash market at $107/cwt, up $1 […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures rise as frozen meat stocks decline

Exporters drew down stored supplies during packer slowdowns

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Chicago | Reuters — U.S. cattle and hog futures firmed on Tuesday following two sessions of declines after U.S. Department of Agriculture (USDA) data showed a larger-than-anticipated decline in cold-storage stocks of pork and beef. The USDA stocks report, released after the close on Monday, showed a record-large drop in U.S. frozen pork inventories in […] Read more
CME August 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live and feeder cattle futures slip

Thursday's cold storage data seen as disappointing

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Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs, live cattle gain against cash markets

Cold storage meat supplies down slightly, USDA says

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Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more

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