Chicago | Reuters — U.S. live cattle futures were mixed on Friday, with the front-month contract firming slightly while deferreds eased as traders staked out positions ahead of the U.S. government’s closely watched inventory and Cattle on Feed reports. Pre-report positioning also was noted in fed cattle and hog contracts, with both of those markets […] Read more
Tag Archives cattle on feed — page 15
U.S. livestock: Cattle and hog futures both mixed ahead of USDA reports
U.S. livestock: CME cattle futures mixed in pre-report positioning
Chicago | Reuters — U.S. live cattle futures were mixed on Thursday, with the nearby contract easing while deferred months firmed slightly on positioning ahead of two big U.S. Department of Agriculture reports due Friday, traders said. Some investors were unwinding bull spreads placed during the cattle market’s rally to its highest in more than […] Read more
U.S. livestock: CME cattle rise but hog futures weaken
Chicago | Reuters — U.S. lean hog futures fell on Wednesday for the third day in a row, hitting new contract lows on worries that mounting trade tensions with key overseas buyers will cause supplies to rise, traders said. “Tariff concerns remain and there are fears that we are going to back pork up into […] Read more
Klassen: Weaker barley prices enhance yearling prices
Compared to last week, yearlings traded $3 to as much as $8 higher, with strong buying interest noted from Lethbridge-area feedlots. Supplies of quality feeders are rather snug at this time of year and buyers were extremely aggressive on local packages. Prices in the non-major feeding areas appeared to lag southern Alberta markets but orders […] Read more
U.S. livestock: Hogs sink on weak cash markets, packer margins
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Friday as falling cash hog prices and poor packer margins weighed on the market, traders said. Worries over slowed pork export demand due to threatened retaliatory tariffs by key trading partners, including Mexico and China, also weighed on the hog market. […] Read more
U.S. feedlots draw more cattle than expected in May
Chicago | Reuters — Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. The data also showed the June 1 feedlot cattle supply climbed 4.1 per cent from a year earlier — […] Read more
U.S. livestock: Bargain buying pares some CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also […] Read more
U.S. livestock: Hogs jump on packer demand, cash prices
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
U.S. livestock: Feeder cattle extend gains on drop in placements
Chicago | Reuters — U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly […] Read more
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