Chicago | Reuters — U.S. lean hog futures climbed as much as 2.3 per cent on Monday in a bull-spreading rally amid rising cash hog prices and strong demand from pork packers, traders and analysts said. Cattle futures also were mostly higher at the Chicago Mercantile Exchange, boosted by chart-based buying and positioning ahead of […] Read more
Tag Archives cattle futures — page 47
U.S. livestock: Hogs jump on packer demand, cash prices
U.S. livestock: CME live cattle pivot higher on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle turned up sharply on Friday, with support from short-covering and bargain buying after Thursday’s losses that were partly led by U.S. trade uncertainty, said analysts and traders. On Friday China said it planned to impose similar size tariffs soon after Washington announced duties on $50 billion […] Read more
U.S. livestock: Trade fears drag down CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures closed lower on Thursday, partly weakened by uncertainty over U.S. trade with China, traders said. China on Thursday urged the U.S. to make a “wise choice” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald […] Read more
U.S. livestock: CME hogs move up with cash prices
Chicago | Reuters — Chicago Mercantile Exchange hogs rose for a second straight day on Wednesday as slaughter-ready, or cash, hog prices escalate in the midst of a seasonal supply squeeze, traders said. Sultry weather in parts of the U.S. Midwest caused livestock to eat less feed, which slows their weight gain and delivery to […] Read more
U.S. livestock: CME hogs snap back on higher cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Tuesday recovered from Monday’s selloff, helped by higher wholesale pork values and surging market-ready, or cash, hog prices, traders said. Fund buying and bargain hunting enhanced futures advances, they said. June hogs, which will expire on Thursday, closed up 0.375 cent/lb. at 80.525 cents (all […] Read more
Klassen: Weaker corn, barley prices support feeder market
Western Canadian yearling prices traded $3 to as much as $8 above week-ago levels while calves were steady to $2 higher. Alberta packers were buying fed cattle in the range of $140-$143, unchanged from week-ago levels; however, a fortuitous $5 bounce in the U.S. fed cattle market bolstered buying enthusiasm for replacements. Feeder cattle futures […] Read more
U.S. livestock: Profit-taking, renewed trade fears drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Monday reversed Friday’s advances, hit by profit-taking and renewed concerns over U.S. exports following late last week’s contentious G-7 summit, said traders. Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret […] Read more
U.S. livestock: Surging cash prices, easing trade fears boost CME hogs
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Friday fueled by rising prices for market-ready, or cash, hogs and less concern about U.S. pork trade with Mexico, said traders. On Thursday the Mexican government said it would allow some U.S. pork into the country duty-free under an import quota despite retaliatory […] Read more
U.S. livestock: CME hogs mostly lower on profit-taking, trade worries
Chicago | Reuters — Most Chicago Mercantile Exchange hog contracts ended lower on Thursday after profit-taking and uneasiness over U.S. trade with Mexico pared some of Wednesday’s gains, said traders. On Tuesday Mexico’s economy minister said that country will import more pork from Europe after placing a 20 per cent duty on U.S. pork in […] Read more
U.S. livestock: Strong cash prices reverse CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more
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