Chicago | Reuters — Live cattle futures rose to life-of-contract highs at the Chicago Mercantile Exchange on Tuesday, lifted by worries that severe winter weather could prompt beef packers to pay higher prices for animals in the U.S. Plains, traders said. Technical buying and short-covering also buoyed cattle prices while lean hog futures finished narrowly […] Read more
Tag Archives cattle futures — page 32
U.S. livestock: Live cattle hit contract highs on storm forecast
U.S. livestock: Hog futures drop in technical sell-off
Chicago | Reuters — U.S. lean hog futures fell for the second straight session on Monday, sliding to a one-week low on pressure from technical selling and a lack of bullish information to propel gains, traders and analysts said. Feeder cattle futures also eased to the lowest since Jan. 7, while more actively traded live […] Read more
U.S. livestock: CME hogs slip on weaker cash
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Friday, following softening cash hog prices, traders said. CME February hog futures settled down 1.425 cents at 62.65 cents/lb., halting a three-session advance (all figures US$). Traders noted that hogs in the top cash market of Iowa and southern Minnesota traded […] Read more
U.S. livestock: Hogs, cattle rise as export hopes remain
Chicago | Reuters — Chicago Mercantile Exchange (CME) hog and cattle futures closed mostly higher, supported by hopes for improved exports in the coming weeks, traders said. Technical buying also helped cattle futures, which were still trading close to contract highs hit earlier in the week. Traders also noted strength in the cash markets as […] Read more
U.S. livestock: Cattle ease after rally
Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose 2.1 per cent to their highest in more than three weeks on Wednesday. Cattle futures were weaker, pressured by profit-taking after the front-month February live-cattle contract hit an all-time high on Tuesday. “There was no fundamental line item to go with it yesterday so […] Read more
U.S. livestock: Hogs rise on China hopes
Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly higher on Tuesday, supported by prospects for improving export demand, traders said. The market was waiting for a pickup in deals from China due to the spread of African swine fever there. “That hope is still out there, but it’s elusive, and it’s up […] Read more
U.S. livestock: Cattle break losing streak on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose 1.2 per cent on Monday, rebounding from five straight sessions of declines on a round of bargain buying. Feeder cattle futures also closed higher after sinking to a one-month low during the session while lean hog futures eased. Cattle also received support from news […] Read more
U.S. livestock: Cattle ease on technical selling after steady cash sales
Chicago | Reuters — U.S. cattle futures eased as much as one per cent on Thursday, weighed down by technical selling and steady deals in cash markets in the southern Plains, traders and analysts said. Live cattle futures weakened for the fourth straight session on the Chicago Mercantile Exchange. The market had climbed to life-of-contract […] Read more
U.S. livestock: Hogs jump on hopes of pork exports to China
Chicago | Reuters –– U.S. lean hog futures jumped to a nearly two-week high on Wednesday on speculation that exports of U.S. pork to China will rise in the coming months, traders and analysts said. Representatives from the U.S. and China were negotiating to end the trade war between the world’s biggest economies that has […] Read more
Klassen: Favourable margins support feeder market
There were no sales last week with auction barns closed for the holiday season; therefore, we start the year looking forward at factors that will influence the feeder market over the next month. While the feeder market was quiet, feedlot operators were surprised with the U.S. fed cattle market jumping US$3-$4 from seven days earlier. […] Read more
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