Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing […] Read more
Tag Archives cattle on feed — page 6
U.S. livestock: Hog futures surge to highest in over three months
U.S. cattle counts up from last year
U.S. livestock: CME hog futures touch four-week high
USDA reports see smaller hog herd, slightly fewer cattle on feed
Chicago | Reuters — U.S. hog futures touched a four-week high on Thursday before retreating and may rise further next week because of smaller-than-expected national inventory numbers, analysts said. The U.S. hog herd totaled 74.2 million head on Dec. 1, down four per cent from a year earlier, the U.S. Department of Agriculture said in […] Read more
U.S. livestock: CME hogs approach four-week high
Cattle futures also rise
Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest prices in about four weeks on Wednesday, while cattle futures also advanced. Futures could come under pressure early on Thursday from monthly U.S. Department of Agriculture data that showed frozen pork supplies on Nov. 30 were down eight per cent from the […] Read more
U.S. livestock: CME hogs near one-month high on smaller herd estimates
Live cattle, feeder cattle also up
Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Tuesday amid expectations the U.S. Department of Agriculture will confirm a smaller pig herd in a report due out on Thursday, analysts said. USDA, in its quarterly Hogs and Pigs report, is expected to show the herd was about 2.9 per cent smaller on […] Read more
U.S. livestock: Live cattle notch 4-1/2-year high
Lean hogs gain on good demand
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) climbed for a fourth straight session on Monday, with front-month contract hitting a fresh 4-1/2-year high on strong demand. Lean hog futures also firmed, supported by good demand. Lighter-than-normal trading volumes aided livestock futures’ advance on Monday, with little selling pressure ahead […] Read more
U.S. livestock: Cattle futures up for third straight day
December, February hogs lower
Chicago | Reuters — CME Group cattle futures rose for a third day in a row on Friday, with the front-month live cattle contract hitting a fresh 4-1/2-year high on strong cash markets and rising slaughter numbers. Hog futures were weaker on technical selling. CME’s most-active February live cattle contract gained 0.45 cent to 137.7 […] Read more
U.S. livestock: CME lean hogs up, cattle weak
Chicago | Reuters — CME Group lean hog futures rallied on Tuesday, supported by fund buying and expectations that supplies will begin to tighten in the coming weeks, traders said. Live cattle futures eased slightly for the second day in a row as the market waited for fresh bullish inputs before driving prices above the […] Read more
U.S. livestock: CME live cattle falls as cash market idles
Lower cash, pork prices drag on lean hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 cents at 128.325 cents/lb. January feeder cattle futures eased 2.675 cents to end at 157.325 cents/lb. For the week, live cattle futures lost 2.35 cents, […] Read more
U.S. livestock: CME lean hogs fall on sluggish export sales
Weaker exports drag on cattle also
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third session on Thursday, pressured by weak export activity, traders said. CME December lean hog futures settled down 2.825 cents at 73.2 cents/lb., its biggest drop since Sept. 10 (all figures US$). CME February hogs ended down 2.55 cents at 76.675 cents/lb. […] Read more
Klassen: Demand for feeder cattle eases
Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000 […] Read more
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