Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied to a fresh seven-year high on Monday, lifted by expectations for tightening supplies following a monthly U.S. Department of Agriculture (USDA) cattle supply report, traders said. Several actively traded nearby contracts posted life-of-contract highs after the USDA’s cattle-on-feed report, released after the market closed on […] Read more
Tag Archives cash cattle — page 4
U.S. livestock: Live cattle futures jump to 7-year peak as U.S. herd shrinks
U.S. livestock: Hog futures mixed; cattle futures steady-weak
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended mixed on Friday as traders waited for fresh news to gauge demand levels. The most-active CME December lean hog futures contract LHZ2 dropped 0.625 cent to 77.15 cents per lb, with support noted around the contract’s 10-day moving average. Front-month October hogs LHV2 rose 0.575 cents to settle […] Read more
U.S. livestock: Hog futures fall as soy prices rally
Chicago | Reuters – Chicago Mercantile Exchange hog futures fell on Tuesday, with strength in the soymeal market raising the prospects of increased feeding costs. Feeder cattle contracts were also weaker due to strong corn prices while live cattle edged higher on light technical buying. CME October lean hogs LHV2 fell 1.075 cents to 92.9 cents per […] Read more
U.S. livestock: Cattle, hog futures firm
Chicago | Reuters – Chicago Mercantile exchange live cattle futures firmed to their highest in more than three months on Friday, while hog futures edged back toward the 13-1/2-month high hit on Wednesday. CME August live cattle futures LCQ2 settled 0.175 cent higher at 137.875 cents per lb, with the front-month contract LCc1 hitting its highest since April 29 during the […] Read more
U.S. livestock markets: Live cattle futures little changed after Wednesday high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little […] Read more
U.S. livestock: Live cattle futures hit highest since late April
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to their highest in more than three months on Wednesday, supported by concerns that supplies of higher end cuts of meat will tighten in the coming weeks, traders said. CME August live cattle futures LCQ2 settled 1.325 cents higher at 137.9 cents per lb […] Read more
U.S. livestock: Live cattle, feeder cattle futures rise; lean hogs end lower
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Monday, supported by rising feeder cattle values and firm wholesale beef prices as Labor Day, the last big grilling holiday of summer, approaches. CME August live cattle futures LCQ2 settled up 0.325 cent at 136.775 cents per lb and the most-active October […] Read more
U.S. livestock: Live cattle firms on firm beef demand; cash market lifts hogs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed on Friday, supported by robust beef prices that are likely to remain strong as retailers prepare for Labor Day demand through the month of August. “The retailer will have beef going into the meat case, and that’s going to keep the product market together,” […] Read more
U.S. livestock: Hog futures gain as cash index climbs
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures climbed on Wednesday, after being lower for two days, supported by a strong cash market, as analysts watch for market-ready hog numbers to begin seasonally moving higher. “The cash hog strength is impressive,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. CME’s nearby August lean […] Read more
U.S. livestock: Cattle futures ease as ranchers push forward marketing amid drought
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by softening cash cattle prices as ranchers trim herds amid prolonged drought in the Southern U.S. Plains. “Marketing is getting pushed forward. Cows are being sent to market because of herd liquidation,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
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