Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group fell on Tuesday for a fourth session on profit-taking after last week’s contract highs, and a month-long slide in wholesale beef prices that erased meat packers’ profit margins, analysts said. CME August live cattle futures LCQ3 settled Tuesday down 0.450 cent at 178.300 cents […] Read more
Tag Archives hog futures — page 4
U.S. livestock: Live cattle futures extend profit-taking slide
U.S. livestock: CME hog futures recover after ‘complete downhill slide’
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended higher on Friday as the market recovered after sliding to life-of-contract lows this week. The market was due for a bounce as losses were overdone, brokers said. “We’ve been on just about a complete downhill slide,” said Karl Setzer, brokerage research lead at Mid-Co […] Read more
U.S. livestock: Lean hog, live cattle futures sag in technical moves
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures declined on Friday, with the benchmark December contract hitting a near three-week low in what appeared to be featureless technical selling, traders said. CME December hogs LHZ2 settled down 0.400 cent at 82.975 cents per lb after touching 82.825, the lowest since Oct. 17, and falling below […] Read more
U.S. livestock: Live cattle bounce from two-week low in most-active contract
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished higher on Thursday in the most-active contract, after shaking off a two-week low hit earlier in the session, traders said. Other contracts ended mixed, as the market took a breather following a recent rally in cash cattle prices, brokers said. Cash cattle on Thursday […] Read more
U.S. livestock: Cattle futures sag on long liquidation; cash trade awaited
Chicago | Reuters – U.S. live cattle futures on the Chicago Mercantile Exchange closed lower in range-bound trade on Tuesday as speculators exited long positions amid a lack of supportive news, traders said. CME December live cattle LCZ2 settled down 0.525 cent at 151.950 cents per lb but stayed inside of Monday’s trading range. January feeder cattle FCF3 finished […] Read more
U.S. livestock: Lean hogs bounce back from steep losses
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures settled higher on Friday in a recovery from sharp losses recorded in the previous session, while live cattle futures weakened for a second consecutive day. December lean hog futures LHZ2 ended up 0.975 cent at 86.100 cents per lb. The contract bounced after sinking by 3.375 cents […] Read more
U.S. livestock: Lean hogs touch one-week lows in pullback from gains
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell to their lowest prices in more than a week on Thursday in a setback from recent rallies, traders said. Live cattle futures also ended lower after the February contract LCF3 set a new high. The hog and cattle markets were overbought and due for corrections, traders […] Read more
U.S. livestock: Live cattle futures turn lower after setting contract highs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures ended mostly lower on profit-taking on Tuesday as the market pulled back from contract highs, analysts said. The market consolidated after recent gains, though analysts said cash cattle prices are expected to strengthen this week. Most actively traded December live cattle LCZ2 ended 0.825 cent lower at […] Read more
U.S. livestock: Live cattle futures jump to 7-year peak as U.S. herd shrinks
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied to a fresh seven-year high on Monday, lifted by expectations for tightening supplies following a monthly U.S. Department of Agriculture (USDA) cattle supply report, traders said. Several actively traded nearby contracts posted life-of-contract highs after the USDA’s cattle-on-feed report, released after the market closed on […] Read more
U.S. livestock: Hog futures mixed; cattle futures steady-weak
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended mixed on Friday as traders waited for fresh news to gauge demand levels. The most-active CME December lean hog futures contract LHZ2 dropped 0.625 cent to 77.15 cents per lb, with support noted around the contract’s 10-day moving average. Front-month October hogs LHV2 rose 0.575 cents to settle […] Read more
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