Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more
Tag Archives cattle on feed — page 11
U.S. livestock: Live and feeder cattle futures slip
Thursday's cold storage data seen as disappointing
U.S. livestock: Profit-taking, technical selling pressure hogs, live cattle
Chicago | Reuters — U.S. hog and live cattle futures eased on Friday, with end-of-week profit-taking and technical selling pressuring the livestock markets, traders said. Strong consumer demand for pork underpinned the hog futures, which rose 17.4 per cent this week. “The pork product markets continue to scream higher and have begun to pull lean […] Read more
U.S. livestock: Hog, cattle futures rise on cash market strength
Chicago | Reuters — U.S. livestock futures rose on Friday on a spate of technical buying as the market tried to recover from its steep discount to the cash market, traders said. Strong demand from consumers at grocery stores due to worries about the coronavirus underpinned the gains. “They want to have as much meat […] Read more
U.S. livestock: CME hog futures firm
Cattle contracts ease
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended […] Read more
U.S. livestock: Hogs weaken on profit taking, cattle mixed
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell from a 3-1/2 week high on Thursday on a round of mild profit-taking following four straight days of gains. Live cattle futures also were lower while feeder cattle contracts edged higher, their sixth straight day of gains. CME lean hog futures for April delivery ended […] Read more
Virus concerns add more uncertainty to cattle market
MarketsFarm — Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the new coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef demand should remain supportive for […] Read more
U.S. livestock: Cattle set multi-month lows as virus fears hit markets
Chicago | Reuters — U.S. live and feeder cattle futures touched their lowest prices in months on Friday as traders booked profits amid fears about the spread of a new virus from China. Broad selling also hit hog futures, along with equities and crude oil as investors moved into safe-haven assets. Developments in the spread […] Read more
U.S. livestock: Cattle stumble to two-month low ahead of USDA report
Lean hogs follow cutout values higher
Chicago | Reuters — U.S. live and feeder cattle futures dropped to their lowest prices in about two months on Thursday as traders adjusted positions before a government report that is expected to show an increase in supplies. Hog futures, meanwhile, advanced to their highest prices in about two weeks. The U.S. Department of Agriculture […] Read more
U.S. livestock: CME cattle sag on supply expectations
Chicago | Reuters — U.S. cattle futures weakened on Wednesday as traders prepared for a government report that is expected to confirm the nation’s supplies have expanded from a year ago. The U.S. Department of Agriculture will report on Friday that there were 11.948 million head of cattle on feed for slaughter as of Jan. […] Read more
U.S. livestock: Cattle placements top estimates
Chicago | Reuters — U.S. cattle producers placed more animals than expected into feedlots last month, U.S. Department of Agriculture data showed on Friday, raising expectations for big supplies next summer. The increase in placements will likely pressure futures prices on Monday, brokers said. Meat producers and buyers are keeping a close watch on herd […] Read more
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