Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to their highest in more than three months on Wednesday, supported by concerns that supplies of higher end cuts of meat will tighten in the coming weeks, traders said. CME August live cattle futures LCQ2 settled 1.325 cents higher at 137.9 cents per lb […] Read more
Tag Archives cattle futures — page 6
U.S. livestock: Live cattle futures hit highest since late April
U.S. livestock: Live cattle, feeder cattle futures rise; lean hogs end lower
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Monday, supported by rising feeder cattle values and firm wholesale beef prices as Labor Day, the last big grilling holiday of summer, approaches. CME August live cattle futures LCQ2 settled up 0.325 cent at 136.775 cents per lb and the most-active October […] Read more
U.S. livestock: Live cattle firms on firm beef demand; cash market lifts hogs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed on Friday, supported by robust beef prices that are likely to remain strong as retailers prepare for Labor Day demand through the month of August. “The retailer will have beef going into the meat case, and that’s going to keep the product market together,” […] Read more
U.S. livestock: Hog futures gain as cash index climbs
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures climbed on Wednesday, after being lower for two days, supported by a strong cash market, as analysts watch for market-ready hog numbers to begin seasonally moving higher. “The cash hog strength is impressive,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. CME’s nearby August lean […] Read more
U.S. livestock: Cattle futures ease as ranchers push forward marketing amid drought
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by softening cash cattle prices as ranchers trim herds amid prolonged drought in the Southern U.S. Plains. “Marketing is getting pushed forward. Cows are being sent to market because of herd liquidation,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
U.S. livestock: Gains in cattle futures limited by smaller cattle on feed placements
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Monday as drought conditions across the U.S. Southern Plains continue to degrade grazing land, though gains were limited by smaller-than-expected declines in feedlot placements, analysts said. Ranchers have been pushing cattle into feedlots at higher rates as parched grassland struggles to support herds, […] Read more
U.S. livestock: Live cattle futures ease ahead of U.S. holiday weekend
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, as packers prep for a short processing week after the Fourth of July holiday in the United States, traders said. Packers’ purchases are expected to slow by the end of the week, to avoid having pens full of animals waiting over the […] Read more
U.S. livestock: Live cattle mixed on seasonal slump, domestic demand worries
Chicago | Reuters – Chicago Mercantile Exchange spot live cattle futures rose on Tuesday, as the northern cash market continued to trade at a record premium over the south amid drought-hit grazing grounds, traders said. But CME’s benchmark August live cattle futures LCQ2 and deferred contracts slipped on worries about the health of the U.S. economy, and […] Read more
U.S. livestock: Hog futures rise as traders cover short positions
Chicago | Reuters – CME Group hog futures firmed on Friday as traders covered short positions after prices fell 5.6 percent over the last two sessions, though demand concerns capped gains. A U.S. Department of Agriculture (USDA) report showed that pork export sales in the week ended June 16 totalled 27,600 tonnes, unchanged from a week earlier. […] Read more
U.S. livestock: Hog, live cattle futures fall on recession fears
Chicago | Reuters – CME Group live cattle and hog futures fell on Thursday, pressured by growing fears of a recession that could cut demand for pricey meats, traders said. Losses accelerated due to fund liquidation as the end of the quarter nears. But feeder cattle futures were firm as falling corn prices raised the […] Read more
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