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Tag Archives cash market

CME August 2021 live cattle with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle firm on cash market optimism

CME lean hogs also advance

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by expectations for a slowdown in supplies of market-ready cattle that should lift cash prices, analysts said. “The (cattle) numbers start to tighten as we move forward and get closer to August. That is giving some […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle ease after week of rising cash cattle, beef prices

Lean hog futures continue higher

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Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange eased on Friday, as basis between cash cattle and futures narrowed, analysts said. “We had some profit taking, because the cash market finally surged higher,” said Cassie Fish, analyst and author at the blog, The Beef. Cash cattle traded as high as […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures gain on boxed beef strength

Lean hog futures down with slaughter pace

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Chicago | Reuters — U.S. live cattle futures climbed on Wednesday as strength in the cash market and firm beef cutout prices continued to offer support, traders said. “We’ve had a pretty decent rally on the meat side, and I think that’s certainly been a factor,” said Altin Kalo, economist with Steiner Consulting Group. Chicago […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rebound on wholesale strength

Softening cash market drags on hog futures

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Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
CBOT March 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat futures drop sharply

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Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures sagged 1.8 per cent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S. corn futures closed narrowly mixed, with nearby contracts weighed down by the drop in […] Read more
CME December 2019 hogs with 30-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs extend losing streak

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Chicago | Reuters — U.S. hog futures fell for the fourth day in a row on Friday, extending a losing streak that pulled prices off a two-week high hit on Monday. Traders said gains in the futures earlier in the week outpaced cash market strength and the spread between the two markets needed correcting. Cattle […] Read more

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