Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower despite finding new contract highs on Thursday, pressured by lower movement across the agricultural commodities late in the trading session, though tight cattle supplies underpin the market, traders said. “Demand in general still is in good shape. You’re going to have incrementally fewer […] Read more
Tag Archives lean hog — page 51
U.S. livestock: CME live cattle lower, strong slaughter data supportive
Hogs also trade higher, end lower
U.S. livestock: CME live cattle, lean hogs set contract highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a contract high on Wednesday on firm cash prices and strong demand from packers, while lean hogs also set a new high, traders said. April live cattle ended 1.65 cents higher at 147.825 cents/lb. and set a high of 147.925 cents (all figures US$). […] Read more
U.S. livestock: CME hogs up as processors seek market-ready supply
Weaker corn futures support feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday, supported by cash prices as packers attempted to pull market-ready hogs forward to slaughter, analysts said. “Packers are clearly chasing hogs. The supply of butcher hogs is not enough to meet demand,” said Dennis Smith, commodity broker at Archer Financial. CME April […] Read more
U.S. livestock: CME lean hogs firm on tight hog supplies
Live cattle down off last week's gains
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Monday, supported by fewer market-ready hogs and diminished pork supplies, analysts said. “There just isn’t much extra pork laying around,” said Alan Brugler, president of Brugler Marketing. CME April lean hogs settled 1.2 cents higher at 101.275 cents/lb., notching a new life-of-contract high. […] Read more
U.S. livestock: CME lean hogs up on tight supplies, good demand
April live cattle up, March feeder cattle lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a contract high during the session. […] Read more
U.S. livestock: CME hog, cattle futures end lower
Prices take pause off contract highs
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures closed lower on Thursday, retreating as traders paused to book profits after the benchmark contracts in both markets climbed to life-of-contract highs. CME April lean hogs settled down 0.75 cent at 98.375 cents/lb., easing after notching a contract high at 101.25 cents (all figures […] Read more
U.S. livestock: Cash prices, slaughter pace support CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although traders were watching for any […] Read more
U.S. livestock: CME hog, cattle futures hit contract highs
U.S. storm could drag on livestock transport
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose more than two per cent on Tuesday, with most contract months setting life-of-contract highs on fund-driven buying and worries about a winter storm that could slow the transport of animals at a time of tight U.S. hog supplies, traders said. Benchmark CME April lean […] Read more
U.S. livestock: CME cattle end higher on rising slaughter pace
Hogs up in rangebound trade
Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s […] Read more
U.S. livestock: CME cattle futures up with daily slaughter levels
Hogs up on technical buying, cash prices
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as daily processing levels began to rebound, a sign that COVID-related staffing woes may be easing, traders said. Meatpackers have struggled with staffing shortages due to the surge in Omicron coronavirus infections, traders said, limiting production in recent weeks. Beef processors slaughtered an […] Read more
Cyber-Savvy Farmer
