Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Thursday, as rising wholesale beef prices stoked hopes that meat packers would pay more for cattle in cash markets this week, traders said. Cattle futures rebounded from early declines to reach the day’s highs after government data showed steep gains in beef […] Read more
Tag Archives cattle futures — page 37
U.S. livestock: Cattle futures climb on higher beef prices; hogs mixed
U.S. livestock: Nearby live cattle futures jump on short covering, positioning
Chicago | Reuters – Live cattle futures rallied on month-end short covering and position squaring on Wednesday, with the nearby contract hitting its highest price in almost eight months, traders said. Front-month CME October live cattle settled up 1.950 cent at 115.850 cents per pound and reached its highest price since March 6. Most-active December […] Read more
U.S. livestock: Cattle futures fall on concerns over increasing supplies
Chicago | Reuters – Live cattle futures dropped to their lowest prices in more than a week on Tuesday and feeder cattle futures fell to seven-week lows on worries about increasing U.S. supplies, analysts said. Feedlots were offering to sell some 5,000 more cattle than a week ago, said Rich Nelson, chief strategist for Illinois-based […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, Western Canadian feeder cattle markets traded $2 to as much as $5 lower. Feedlot margins have come under pressure over the past week which resulted in lower bids for all weight categories. Alberta and Saskatchewan feedlot inventories are running 18 to 20 per cent above year-ago levels. Pen space is at […] Read more
U.S. livestock: Hog futures jump on technical buying
Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange gained as much as 1.7 percent on Monday, rising on technical buying and calendar spreading despite weaker prices for hogs in U.S. cash markets, traders said. Live and feeder cattle futures each were narrowly mixed in spread trading amid a lack of fresh […] Read more
U.S. livestock: Live cattle slip from 3-week high in technical setback
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures dropped on Thursday in a technical-selling and profit-taking setback after scaling to three-week highs the previous day. Strengthening cash beef prices and government data showing smaller-than-expected cattle supplies at feedlots had supported the market earlier this week. “Coming out of the cattle on feed report, […] Read more
U.S. livestock: Lean hogs end limit-up on African swine fever jitters
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures surged on Wednesday as concerns about the spread of African swine fever, particularly in China, fueled buying that took some contracts up by as much as their daily trading limits. Additional support in actively traded December futures stemmed from the contract’s discount to cash hog […] Read more
U.S. livestock: Cattle futures slip from two-week high; hog futures firm
Chicago | Reuters – Chicago Mercantile Exchange cattle futures eased on Tuesday, retreating from a two-week high hit on Monday on a round of profit taking, traders said. Hog futures were higher, supported by a U.S. government report released after the close on Monday that showed supplies were tighter than expected. The most active December […] Read more
Klassen: Feeder cattle market volatility continues
Compared to last week, Western Canadian yearlings sold $4 to $6 lower while calves were extremely variable dropping $4 to as much as $10 in some cases. Many auction barns held feature sales last week and larger supplies weighed on the market. Weakness in the deferred live cattle futures also contributed to the softer tone. Feeder […] Read more
U.S. livestock: Cattle, hog futures rebound on supply reports
Chicago | Reuters – Chicago Mercantile Exchange cattle and hog futures rose on Monday, bouncing back from Friday’s decline as traders digested government reports that showed supplies, while remaining abundant, were less than expected. Concerns about the spread of African swine fever in China added support. The U.S. Agriculture Department on Monday reported that beef in cold […] Read more
Cyber-Savvy Farmer
