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U.S. livestock: Futures rally on choppy grains, hopes for Chinese buying spree

Chicago | Reuters – Chicago Mercantile Exchange (CME) live hog futures rallied on Tuesday, as competition among packers for spot delivery grew and animal weights slipped after the recent U.S. heat wave, traders said. Live cattle futures also inched up, supported in part by choppy trading in U.S. grain futures and growing questions of whether […] Read more







CME October 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle sag as traders eye lower boxed-beef prices

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended mostly lower on Monday as weak boxed beef prices fueled concerns about increasing supplies. Select-grade boxed beef was $189.21/cwt on Monday afternoon, down 2.7 per cent from a week ago, according to U.S. Department of Agriculture data issued after the close of trading […] Read more