Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Monday, spurred by last Friday’s strong cash prices and the start this week of another round of wintry weather in parts of the northern U.S. Plains, traders said. February live cattle finished 1.65 cents/lb. at 123.55 cents (all figures US$). April ended […] Read more
U.S. livestock: Weather, cash prices rally CME live cattle
U.S. livestock: Hogs turn up on short-covering, bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Friday after short covering and bargain buying pared some of the market’s recent losses tied to fears about NAFTA negotiations, said traders. On Wednesday, Mexico said it would withdraw from the North American Free Trade Agreement, following Canadian government worries that the U.S. […] Read more
U.S. livestock: Fund selloff, NAFTA concerns extend hog losses
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower for a second straight day on Thursday, pressured by fund liquidation and jitters about NAFTA talks, said traders. On Wednesday, Mexico said it would withdraw from the North American Free Trade Agreement (NAFTA) if the U.S. exits trade talks with Canada. Mexico is the […] Read more
U.S. livestock: NAFTA worries drag CME hogs from one-year high
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a one-year top earlier in the session, rattled by fund selling and Canadian government concerns over NAFTA talks with the U.S., said traders. Canada is increasingly convinced that President Donald Trump will soon announce the U.S. intends to pull out of the […] Read more
U.S. livestock: CME live cattle mount late-session rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed moderately higher on Tuesday, following late-day short-covering and bargain hunting after three sessions of losses, said traders. Futures initially drew more support from their lower price compared to last week’s slaughter-ready, or cash, cattle returns. Market advances were limited by funds in CME’s livestock markets […] Read more
U.S. livestock: Cash prices propel CME hogs to one-year high
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Monday reached their highest level in almost a year as packers competed for supplies during the first full week of production after the New Year’s holiday, said traders. The February contract led the charge after investors bought that trading month and simultaneously sold deferred contracts. […] Read more
U.S. livestock: Hogs turn up on cash, wholesale pork prices
Chicago | Reuters – Chicago Mercantile Exchange lean hogs finished higher on Wednesday after stronger cash and wholesale pork prices pared some of Tuesday’s losses, said traders. Funds periodically sold, or “rolled,” lead-month positions into deferred months ahead of similar moves early next week. Monday will be the first of five days that funds in […] Read more
U.S. livestock: CME live cattle retreat from seven-week high
Chicago | Reuters — Chicago Mercantile Exchange live cattle Friday closed lower on technical selling and caution before cash prices by day’s end — but not before futures initially hit a seven-week high, said traders. Investors tweaked positions on the last session of 2017 for CME live cattle that gained 3.4 per cent for the […] Read more
U.S. livestock: Cash price optimism boosts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reached a seven-week high, propelled by expectations for steady-to-higher cash prices by week’s end, said traders. Thursday’s wholesale beef price upswing, short-covering and year-end positioning furthered market advances, they said. December live cattle, which will expire on Friday, closed 2.525 cents/lb. higher at 124.55 […] Read more
U.S. livestock: CME hogs ease from 10-month top on lower cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a 10-month high, weakened by profit-taking and less money paid by packers for slaughter-ready, or cash, hogs, said analysts. February closed 0.5 cent lower at 71.025 cents (all figures US$). April ended down 0.1 cent, at 75.275 cents. Processors need fewer animals […] Read more
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