Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly firmer on Tuesday, with the most-active April contract hitting an all-time high, due to strong domestic demand, traders said. Feeder cattle futures were mixed, with the nearby contracts easing as temperatures in key livestock production regions of the U.S. are forecast to plummet […] Read more
Tag Archives cattle futures — page 31
U.S. livestock: Feeder cattle weak as temperatures fall
Klassen: Feeder market easily absorbs adverse weather
Western Canadian feeder markets were relatively unchanged from week-ago levels but there were a couple of unique characteristics in certain regions. Quality yearling packages were $2-$4 higher in Alberta but fleshier replacements were discounted. Eastern Prairie regions had grass cattle under 600 lbs. trading $3 to as much as $8 above week-ago levels. Order buyers […] Read more
U.S. livestock: Hogs mostly lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mostly lower on Monday, with the market still technically weak despite four straight days of declines last week. The most-active April hog contract managed to close slightly higher on a mild bargain-buying bounce after hitting its lowest since mid-August. But most hog contracts were weaker. […] Read more
U.S. livestock: Hogs sink on big supplies, poor exports
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Friday, with the most active April contract hitting its lowest in more than five months, as disappointing export demand failed to ease the supply glut in the United States. “The trade was very enthused that we were going to see all this Chinese […] Read more
U.S. livestock: CME hogs weaken on technical selling, demand uncertainty
Chicago | Reuters — Chicago Mercantile Exchange hog futures eased on Thursday on a round of technical follow-through selling after declining on Wednesday, traders said. Weakness in the cash market, as well as uncertainty about demand from China, also weighed on the hog market. CME February lean hogs closed Thursday at 59.825 cents/lb., down from […] Read more
U.S. livestock: CME cattle futures rise on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Wednesday, led higher by a bargain buying bounce in the feeder cattle contracts. The feeder cattle market, which jumped 1.4 per cent on Wednesday, was sharply oversold after the front-month contract hit its lowest since May 24 on Tuesday, traders said. “The feeder market […] Read more
U.S. livestock: CME cattle fall as temperatures set to rise
Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Monday, pressured by forecasts for better weather in the U.S. Plains following snowstorms and bitter cold in the past week, traders said. “The big thing in the cattle was a real clear message that we have a sharp increase in temperatures coming up in […] Read more
U.S. livestock: Hogs rise on hopes for China trade talks
Chicago | Reuters — Hopes for progress in talks to resolve the U.S.-China trade war lifted Chicago Mercantile Exchange lean hog futures on Friday, traders said. Wall Street and commodities advanced after Bloomberg, citing people familiar with the matter, reported that China offered to go on a six-year buying spree to ramp up imports from […] Read more
U.S. livestock: Cattle ease on technical selling ahead of storm
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were lower on Thursday, with live cattle prices easing from recent contract highs on technical selling ahead of a major winter storm forecast to hit U.S. cattle country, traders said. Feeder cattle futures fell to a roughly 1-1/2 week low, pressured in part by rising corn […] Read more
U.S. livestock: Hog futures tumble to two-month low
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped as much as 3.7 per cent on Wednesday, skidding to the lowest levels in two months on pressure from chart-based selling and ample U.S. hog supplies, traders said. Hog prices on Tuesday had dipped below their closely watched 200-day moving average and on Wednesday […] Read more
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