Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday lost ground for a second day in a row, weighed down by lower cash prices and an increased supply outlook, traders said. They said sell stops and fund liquidation contributed to market declines. Some investors adjusted positions before the U.S. Department of Agriculture (USDA) […] Read more
Tag Archives cattle on feed — page 17
U.S. livestock: CME live cattle extend losses
U.S. livestock: Hogs rally from four-month lows on fund buying
Chicago | Reuters — U.S. lean hogs climbed 1.7 per cent on Tuesday, rallying on technical and investment fund buying after falling to more than four-month lows last week, traders and analysts said. Rising wholesale pork prices also bolstered hog futures amid expectations the meat was becoming more competitive with more pricier beef cuts. Live […] Read more
U.S. livestock: Strong cash trade lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday, riding a tailwind from Friday’s higher-than-expected prices for market-ready, or cash, cattle, traders said. February live cattle finished 1.1 cents/lb. higher at 125.7 cents and most-active April settled up 0.375 cents at 125 cents (all figures US$). After futures closed on Friday, […] Read more
Drought lands more cattle into U.S. feedlots than expected
Chicago | Reuters — Ranchers sent nearly one per cent more cattle to U.S. feedlots in December than the same time a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped most analysts’ predictions, mainly led by worsening drought in the U.S. southern Plains that shriveled available winter wheat grazing pasture. […] Read more
U.S. livestock: Beef quotes send CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 cents/lb. higher at 124.725 cents […] Read more
U.S. feedlot cattle placements bigger than expected
Chicago | Reuters — Ranchers drove 13.9 per cent more cattle into U.S. feedlots in November than the same time a year ago, the U.S. Department of Agriculture reported on Friday. The result exceeded the high end of the range of analysts’ forecasts, partly fueled by low feed prices in the wake of this fall’s […] Read more
U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show […] Read more
U.S. livestock: Supply worries knock down CME feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle sank on Wednesday to a four-month low, hit by a selloff in live cattle futures as well as expectations for increased supplies, said traders. “You’ve got this cattle report coming out on Friday, and everybody says placement numbers are going to be up,” said JRS Consulting […] Read more
U.S. livestock: Softer cash prices weaken CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday were weakened for a second day in a row as ample supplies pressured cash prices, said traders. Fund sales and sell stops exerted more pressure on CME hog contracts, they said. February hogs finished down 0.5 cent/lb. to 66.9 cents, and below the […] Read more
U.S. livestock: CME live cattle slip on softer cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle on Feed report. “We saw a small rally yesterday, and a steady opening today, […] Read more
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