Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange set life-of-contract highs on Friday and the front contract hit its highest since 2015 as shrinking cattle supplies lifted cash prices, traders said. Market-ready cattle traded in southern Plains cash markets at $160-$162 per hundredweight (cwt), traders said, steady to $2 higher […] Read more
Tag Archives live cattle — page 29
U.S. livestock: CME live cattle post near-eight-year highs
Firming cash prices support February, April live cattle; hogs lower
U.S. livestock: Hogs, most live cattle lower
Feeder cattle futures also down
Chicago lean hog and cattle futures closed mainly lower Thursday with the exception of front-month February live cattle, which remained on its record-setting upward slope. CME February live cattle finished up 0.225 cent at 162.775 cents/lb., extending the nearly-eight-year high on a continuous chart of the front contract (all figures US$). Most actively-traded April live […] Read more
U.S. livestock: CME spot live cattle futures near eight-year top
Deferred-month cattle, lean hogs lower
Chicago | Reuters — Front-month live cattle futures on the Chicago Mercantile Exchange reached a near eight-year high on Wednesday, supported by tightening U.S. cattle supplies and rising wholesale beef prices, while the most actively traded contracts drifted lower as market players awaited more direction from cash cattle markets. CME’s spot February live cattle futures […] Read more
U.S. livestock: CME live cattle near eight-year highs
Cash cattle markets firm up
Chicago | Reuters — U.S. live cattle futures climbed to contract and multi-year highs on Monday on optimism about firming cash cattle prices and tightening U.S. cattle supplies. Most-active April live cattle futures on the Chicago Mercantile Exchange settled up 1.15 cents at 165.1 cents/lb. after recording a contract high at 165.25 cents. Front-month February […] Read more
U.S. livestock: Cattle futures mixed, remain near highest since 2015
Chicago lean hogs end lower
Chicago | Reuters — U.S. cattle futures were narrowly mixed on Thursday, consolidating around the near eight-year high hit earlier in the week. Limited supplies in the cash market underpinned futures prices. “The packers will have to bid up to get these animals,” said Dan Smith, senior risk manager at Top Third Ag Marketing. “The […] Read more
U.S. livestock: Cattle futures ease off highest since 2015
Hogs up off lowest since late 2021
Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, snapping an 11-session streak of gains on a profit-taking setback after hitting their highest in more than seven years. Some signs of weakness in the cash markets and concerns about profit margins added pressure. Hog futures were firmer after hitting their lowest in […] Read more
U.S. livestock: CME cattle futures extend winning streak
Front-month live cattle, feeders hit highest since 2015; lean hogs down
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for the 11th session in a row on Monday, hitting their highest in more than seven years as tight supplies continued to fuel a rally. Strength in the cash market added to the gains in cattle futures. But surplus supplies weighed on the hog markets, […] Read more
U.S. livestock: CME cattle climb as smaller U.S. herd attracts spec buyers
Chicago lean hogs close mostly higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set life-of-contract highs on Friday as a government report this week showing reduced U.S. cattle supplies continued to inspire speculative buying, traders said. A seasonal slide in wholesale beef prices capped rallies. But traders remained fixated on longer-term supplies after the U.S. Department of Agriculture […] Read more
U.S. livestock: Live cattle firm on strong cash trade
Cattle inventory report due out Tuesday; CME hogs end mixed
Chicago | Reuters — U.S. live cattle futures firmed on Monday, supported by strengthening cash trade and in anticipation of the U.S. Agriculture Department’s biannual cattle inventory report, due out on Tuesday. “Historically, the cattle inventory report wouldn’t be that big of a market mover. But it is a good check in on where you’re […] Read more
U.S. livestock: Hog futures drop on plentiful supplies
Live cattle steady to weak
Chicago | Reuters — U.S. hog futures eased on Friday, with ample supplies weighing on prices due to a heavy pace of slaughter this year. Live cattle futures were steady to weak in rangebound trade, with light activity in the cash market hanging over prices. February lean hog futures dropped 1.15 cents, to 75.875 cents/lb., […] Read more
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