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Tag Archives lean hog

CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available […] Read more
CME October 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Technical selling extends setback in CME lean hogs

Live cattle futures generally sideways

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Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract […] Read more
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures fall as packers’ profit margins in red

Lean hog futures show gains

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages and August 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle firm, hogs mixed

Cattle supply outlook overrides demand concerns

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live […] Read more
CME October 2023 live cattle with 20-, 30- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle steady to weak

Hogs mixed with demand in focus

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent, […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME cattle firm on steady-higher cash

Lean hog futures regained after softening on Thursday

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound. […] Read more
(Geralyn Wichers photo)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle ease despite cash market support

Despite losses, supportive fundamentals remain for live cattle

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, pressured by macroeconomic weight as a downgrade that stripped the U.S. of its top credit rating rippled throughout markets, analysts said. Despite losses, supportive fundamentals remain for live cattle. “We’re still going into smaller numbers,” said Joe Kooima, commodity broker at Kooima […] Read more
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firms on strong cash market

Lean hog futures eased after reaching fresh four-month highs

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures gained on Tuesday, helped by strong cash prices and technical support, analysts said. “Cash market is still hanging in there at $179 to $180 area. More than that in the north. So August was too big of a discount,” said Alan Brugler, president of Brugler […] Read more
Photo: ARS/USDA
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hog futures climb on strong demand

SubtitleCattle futures were pressured by softer cash prices and uncertain consumer demand

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Chicago | Reuters – Chicago Mercantile Exchange hog futures climbed to nearly four-month highs on Monday, supported by strong demand. “Cash trade got off to a good start. There’s margin out there with where fresh pork values are at. I think that’s helping to move things along,” said Matthew Wiegand, risk management consultant at FuturesOne. […] Read more

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