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Tag Archives Cattle — page 30

CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle gain as heat impacts producers

Seasonal pressures drag on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Friday as processors looked to incentivize market-ready cattle movement while producers struggled against high temperatures on the U.S. Plains, analysts said. “We saw packers willing to pay up to keep stuff moving. With the hot weather, you had probably reduced performance and a […] Read more
CME October 2023 live cattle with 20-day moving average (pink line, right index) and CME October 2023 feeder cattle (dark red line, left index). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle up on cash optimism, heat risk

Lean hogs also up on strong pork prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, supported by concerns about heat stress in the U.S. Plains, as well as optimism in the cash cattle market, analysts said. “The cash outlook seems pretty firm,” said Doug Houghton, technical analyst at Brock Capital Management. ” I think there’s some support […] Read more
Photo: ARS/USDA
Livestock, Markets

U.S. livestock: CME lean hogs dip as seasonal pressures mount

Live cattle futures eased slightly as cash trade remains light

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Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell for a third session on Wednesday, as seasonal pressure mixed with weaker pork prices, analysts said. “This time of year for October hogs, it’s tough to know which direction to go in,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc, noting […] Read more
CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle ease, heat impacts in focus

Seasonal hog supplies pressure futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after two sessions higher, as traders watch to see the impact of sweltering temperatures on slaughter-ready cattle, analysts said. “The heat does hurt the weights. That’s been an issue for a lot of the south, for a lot of the summer,” said […] Read more
“They just start dropping and there was nothing you could really do about it.” – Gary Vetter.
Livestock, News

Heat, humidity kill hundreds of U.S. cattle

Deaths occurred last month, the hottest ever recorded in the world

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Reuters – Hundreds of cattle died in Iowa from extreme heat and humidity in late July, the state and livestock producers said, as the world recorded its hottest month ever. The deaths show the toll of severe weather on farm animals and food production. The losses further trim the U.S. cattle herd, which is already […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle climb on fewer feedlot placements

Lean hog futures down with cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second session on Monday, supported by a bigger-than-expected drop in cattle placements in July, reported after market close on Friday. “In terms of slaughter ready cattle, we’re still relatively tight,” said Austin Schroeder, analyst at Brugler Marketing. In the U.S. Department of […] Read more
CME October 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle recover from six-week low

U.S. cattle-on-feed data seen as supportive

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday after dropping to a six-week low, as traders adjusted positions before a government report showed lower-than-expected placements in U.S. feedlots last month. The data, which the U.S. Department of Agriculture (USDA) issued after trading ended, should further support cattle futures next […] Read more
CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available […] Read more
CME October 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Technical selling extends setback in CME lean hogs

Live cattle futures generally sideways

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Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract […] Read more

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