U.S. livestock: CME hogs weaken on technical selling, demand uncertainty

U.S. livestock: CME hogs weaken on technical selling, demand uncertainty

Chicago | Reuters — Chicago Mercantile Exchange hog futures eased on Thursday on a round of technical follow-through selling after declining on Wednesday, traders said. Weakness in the cash market, as well as uncertainty about demand from China, also weighed on the hog market. CME February lean hogs closed Thursday at 59.825 cents/lb., down from […] Read more

U.S. livestock: CME cattle futures rise on bargain buying

U.S. livestock: CME cattle futures rise on bargain buying

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Wednesday, led higher by a bargain buying bounce in the feeder cattle contracts. The feeder cattle market, which jumped 1.4 per cent on Wednesday, was sharply oversold after the front-month contract hit its lowest since May 24 on Tuesday, traders said. “The feeder market […] Read more





U.S. livestock: Cattle ease on technical selling ahead of storm

U.S. livestock: Cattle ease on technical selling ahead of storm

Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Thursday, with live cattle prices easing from recent contract highs on technical selling ahead of a major winter storm forecast to hit U.S. cattle country, traders said. Feeder cattle futures fell to a roughly 1-1/2 week low, pressured in part by rising corn […] Read more



U.S. livestock: Live cattle hit contract highs on storm forecast

U.S. livestock: Live cattle hit contract highs on storm forecast

Chicago | Reuters — Live cattle futures rose to life-of-contract highs at the Chicago Mercantile Exchange on Tuesday, lifted by worries that severe winter weather could prompt beef packers to pay higher prices for animals in the U.S. Plains, traders said. Technical buying and short-covering also buoyed cattle prices while lean hog futures finished narrowly […] Read more