Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Friday as cash market prices this week were lower than anticipated, while lean hog futures dropped for a third straight session. Weakening wholesale beef prices added pressure to live cattle, along with adequate supplies of animals available to packers through the summer. The […] Read more
Tag Archives lean hog — page 50
U.S. livestock: CME cattle down on lower cash prices
Chicago lean hogs extend decline
U.S. livestock: CME cattle, hogs sink on profit-taking
March feeder cattle drop as grains surge
Chicago | Reuters — Chicago Mercantile Exchange livestock futures tumbled on Thursday as profit-taking and long liquidation pressured prices following recent gains, analysts said. Lean hog futures pulled back from contract highs reached on Wednesday as traders monitored swings in the stock market after Russia invaded Ukraine. CME April hog futures sank 2.5 cents to […] Read more
U.S. livestock: Lean hogs tumble on profit-taking
Rising feed costs pressure cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended down sharply on Wednesday in a profit-taking setback following seven sessions of gains that took actively-traded nearby months to contract highs. A bearish U.S. Department of Agriculture (USDA) cold storage report on Tuesday showed larger frozen pork supplies, including a 17 per cent month-over-month […] Read more
U.S. livestock: Lean hogs rise again on tight supplies
Rough weather on Plains supports live cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to fresh highs on Tuesday in a seventh straight session of gains, lifted by strong domestic demand and tight supplies of hogs. Broader commodities market gains added support to hogs as concerns about a Russian invasion of Ukraine hammered equities markets and fueled worries […] Read more
U.S. livestock: Hog futures extend rally to six days
April live cattle down on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose for the sixth straight session on Friday, with the market underpinned by strong domestic demand and tight supplies as slaughter numbers lagged well behind the 2021 pace. Traders also noted technical buying helped accelerate the gains. April lean hog futures gained 1.825 cents to 109.4 […] Read more
U.S. livestock: Hog futures hit six-month high on strong cash markets
April live cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 2.1 per cent on Thursday, with the front-month contract hitting its highest in six months on strength in the cash market, traders said. April lean hog futures gained 2.175 cents, to 107.575 cents/lb., hitting a new contract high and briefly topping the high end of […] Read more
U.S. livestock: Hog futures firm, cattle mixed
CME March feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Wednesday, with concerns about processing margins seen limiting supplies in the coming months. “High feed costs and low prices there have production margins as poor as they’ve been in at least eight years,” brokerage StoneX said in a note to clients. “All of this […] Read more
U.S. livestock: CME lean hogs climb as tight supplies persist
Cattle futures also firm on tighter supplies
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Tuesday, supported by persistent tight supplies of market-ready hogs, analysts said. “We know numbers are getting tighter. We haven’t generated the expansion we needed to over the last six to nine months,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “The numbers are […] Read more
U.S. livestock: CME live cattle firm on strong beef demand
Hogs up on tighter supplies
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by strong beef demand and slaughter, analysts said. “The next few months — late March, early April — slaughter-ready cattle are a little tighter,” said Austin Schroeder, commodity analyst at Brugler Marketing. “That might help to lend a little more support […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on […] Read more
Cyber-Savvy Farmer
