Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Monday, pressured by profit-taking following the morning’s cash price drop, traders said. December hogs finished 1.325 cents/lb. lower at 63.525 cents, and February ended 0.875 cent lower at 68.225 cents (all figures US$). Some investors sold futures after analysts predicted a 480,000-plus head […] Read more
Tag Archives cattle on feed — page 18
U.S. livestock: Profit-taking, cash prices drop CME hogs
U.S. September cattle placements surge
Chicago | Reuters — Ranchers in September drove 13.5 per cent more cattle into U.S. feedlots than the same month a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped analysts’ average forecasts and hit its highest level for the month in six years. “The good news for the consumer is […] Read more
U.S. livestock: CME live cattle rise before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, helped by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday at 2 p.m. CT, said traders. They said that with December futures slated to be the new lead month following October’s expiration, investors periodically […] Read more
U.S. livestock: Hog futures tumble in reversal on technical selloff
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell about two per cent in a technical selloff on Tuesday, easing from an earlier two-month high in a reversal that could portend further declines, traders and analysts said. Live cattle and feeder cattle futures each dropped to the lowest levels in about two weeks […] Read more
Klassen: Feeder market holds values through volatility
Buyers kept a respectful distance from the market early in the week. Western Canadian feeder cattle markets were lackadaisical due to the bearish sentiment of the U.S. Department of Agriculture’s Cattle on Feed report. However, by Friday, all weight categories were trading steady with week-ago levels. Feedlot operators were bent upon ownership with an insatiable […] Read more
U.S. livestock: Cattle limit down after bearish USDA report
Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per pound, reversing from Friday’s 1-1/2 […] Read more
U.S. livestock: Cattle hit one-month high ahead of USDA data
Chicago | Reuters — U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture’s (USDA) Cattle on Feed report, however, was deemed bearish by analysts, and […] Read more
U.S. cattle placements spike in August
Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
U.S. livestock: CME October hogs fall to contract low
Chicago | Reuters — Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. Traders […] Read more
U.S. livestock: Supplies drag CME hogs to eight-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday were weakened by falling prices for slaughter-ready, or cash, hogs along with softer wholesale pork values as supplies build seasonally, said traders. They said packers also have more livestock at their disposal as packing plants prepare to shut down for the upcoming Labour […] Read more
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