Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday finished sharply lower, hit by fund liquidation and the morning’s bearish U.S. Department of Agriculture Cattle on Feed report, said traders. The report showed the number of cattle placed in feedlots in April hit a 14-year high for the month. Traders said fund […] Read more
Tag Archives cattle on feed — page 20
U.S. livestock: Bearish USDA report rattles CME live cattle
U.S. April feedlot cattle placements jump to 14-year high
Chicago | Reuters — Ranchers placed 11 per cent more cattle in feedlots in April than a year earlier, the most for the month in 14 years, the U.S. Department of Agriculture reported on Friday, beating average forecasts. Higher cattle prices paid by packers last month enhanced profits for feedlots, allowing them to buy more […] Read more
U.S. livestock: Funds, bargain buying rally live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent losses, stirred by fund buying and bargain hunting as the U.S. Memorial Day holiday approaches, said traders. They said futures’ discounts to this week’s cash prices attracted would-be buyers. June closed 1.8 cents/lb. higher at 123.925 cents, and above […] Read more
U.S. livestock: Hogs gain, cattle ease on spread unwinding
Chicago | Reuters — U.S. lean hog futures rose to a three-month high on Tuesday while live cattle declined as some investors unwound hog-cattle spreads, traders and analysts said. Traders locked in profits on long cattle-short hog spreads, with Chicago Mercantile Exchange live cattle declining for the first time in four sessions and easing from […] Read more
U.S. livestock: CME lean hogs snap back from session lows
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Thursday, after short-covering and bargain buying brought contracts from morning lows, traders said. “Hogs (futures) were simply too cheap. The price had gotten to the point where (investors) had wrung out any sort of spring seasonal rally,” said independent CME livestock futures […] Read more
U.S. livestock: Live cattle hit two-month high on cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to two-month highs on Tuesday as wholesale beef prices extended gains, stoking optimism for higher prices this week in Plains cash cattle markets, traders and analysts said. Feeder cattle futures also were higher, while lean hogs fell for the fifth straight session. “There continues […] Read more
U.S. livestock: Profit-taking pressures cattle futures, boosts hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an end-of-the-week rally,” Rosenthal Collins […] Read more
U.S. livestock: Hogs extend losses on cash expectations
Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Thursday, extending losses to their third straight session, on pressure from expectations for declines in Midwest cash hog markets, traders and analysts said. Lower wholesale pork prices this week, especially pork belly cuts, also weighed on futures and squeezed packer […] Read more
U.S. December feedlot cattle placements hit six-year high
Chicago | Reuters — U.S. feedlots brought in 18 per cent more cattle in December than the year-earlier month, the U.S. Department of Agriculture said on Friday, which topped forecasts and reached a six-year high for that month. Higher prices for slaughter-ready, or cash, cattle last month improved profit for feedlots. That allowed them to […] Read more
Klassen: Feeder cattle jump on positive outlook
Average prices for steer and heifer calves jumped $8-$10 this past week with some buyers reporting values as much as $15 above week-ago levels. Feedlot operators could feel it in their bones earlier in November and there were no strings attached on orders flowing across the Prairies. Favourable weather reinforced the narrow premium of weaned […] Read more
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