Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Wednesday for a third straight session, buoyed by broad strength in commodities along with firming cash cattle prices, traders said. A blizzard crossing the northern Plains lent support, raising concern about stress on cattle in the Dakotas, but the storm was […] Read more
Tag Archives Cattle
U.S. livestock: CME cattle follow broad strength in commodities
June lean hog futures down on day
U.S. livestock: CME cattle futures climb on firmer cash trade
Lean hogs up on technical buying
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on firmer cash cattle prices compared to last week and broad strength in commodities, analysts said. CME June live cattle futures settled up 1.5 cents at 136.3 cents/lb. after touching 136.675 cents, the contract’s highest since April 1 (all […] Read more
U.S. livestock: CME lean hogs, live cattle end higher
May feeder cattle up, August down
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange inched higher on Monday as technical buying and worries about tightening U.S. hog supplies offset fears of slowing pork export demand and softening cash hog prices, traders said. CME benchmark June lean hogs settled up 0.45 cent at 115.025 cents/lb. (all figures US$). […] Read more
U.S. livestock: CME cattle futures end week lower
June hogs firm, April lower
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slid on Friday to end the week lower as cash markets stalled, despite strong slaughter rates. “The weekly kill came in much larger than expected,” said Dennis Smith, commodity broker at Archer Financial. “I suspect that will change the tone of the cash […] Read more
U.S. livestock: CME cattle ease on ample supply, flat cash offers
Flat cutout values drag on hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Thursday, pressured by ample cattle supplies that offer little incentive for packers to bid up the cash market. “The supply of market ready cattle is a little less than last year, but it’s still plentiful. It just doesn’t seem like the […] Read more
U.S. livestock: CME cattle, hogs firm
Futures supported by cash markets
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange lifted on Wednesday, supported by cash cattle prices that pulled up nearby futures markets. “We just got below the cash market,” said Alan Brugler, president of Brugler Marketing. “That was an argument to try the long side.” The nearby April live cattle contract […] Read more
Judge dismisses suit against feds over BSE
Glacier FarmMedia – The Ontario Superior Court has dismissed an $8 billion class action lawsuit over the federal government’s handling of BSE. In a written decision in late January, Justice Paul B. Schabas said Canada was not negligent, as the plaintiffs alleged, in preventing British cattle from coming into the country between 1982 and 1990, […] Read more
U.S. livestock: CME cattle ease, seasonal high possible
Avian flu outbreaks may ripple through meat markets
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Tuesday, pressured by a steady supply of market-ready cattle that may indicate a seasonal high in the market. “Five weeks in a row of generally steady trade for cash cattle is reminding the trade that we may already be at the […] Read more
U.S. livestock: CME hogs, cattle fall on strong slaughter, profit-taking
Feeder cattle lower as corn rises
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Monday on profit taking following last week’s Hogs and Pigs report from the U.S. Department of Agriculture. “The overall fundamental is still tight numbers, tight supply created by disease, empty pen spaces, empty buildings,” said Brad Kooima, commodity broker at Kooima […] Read more
U.S. livestock: CME hogs, cattle ease on profit-taking
Rising corn values pressure feeder cattle
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell on Friday on follow-through technical selling one day after the benchmark June contract closed lower in a huge reversal from a life-of-contract high. CME benchmark June lean hogs settled down 0.175 cent at 120.40 cents/lb., retreating farther from the contract high set […] Read more
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