Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
Tag Archives live cattle — page 34
U.S. livestock: Live cattle futures extend gains
Chicago hog futures weak
U.S. livestock: Live cattle futures hit over seven-year high
CME lean hogs also close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose on Tuesday and the front-month contract hit its highest in more than seven years on strength in the cash market, traders said. Hog futures were also firm, with chart-based buying after contracts broke through key technical resistance points on Monday. CME December lean hog […] Read more
U.S. livestock: Live cattle, hog futures hit multi-week highs
November feeder cattle end lower
Chicago | Reuters — Chicago Mercantile Exchange hog and live cattle futures rallied to multi-week highs on Monday. CME December lean hog futures rose 2.7 cents to settle at 84.95 cents/lb. (all figures US$). The contract peaked at 85.1 cents, its highest since Sept. 23, and rose above its 100-day and 200-day moving averages during […] Read more
U.S. livestock: Lean hog futures rise on good demand
Cattle futures mostly lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a near three-week high on Friday as strong demand and improved pork packer margins sparked buying ahead of the weekend, traders said. Another solid week of pork export sales added support, soothing concerns about rising supplies of market-ready hogs, they said. “Demand is […] Read more
U.S. livestock: Cattle, hogs mostly down on weak margins, inflation worries
Beef packer margins in negative territory
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures ended mostly lower on Thursday on eroding meat packer margins and as soaring inflation raises demand concerns, traders said. Technical selling and profit-taking further fueled declines in livestock futures after live cattle and lean hog contracts touched 2-1/2-week highs this week. A U.S. Labor […] Read more
U.S. livestock: Live cattle mostly up with consumption forecast
Chicago lean hogs also up on day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firmer on Wednesday as wholesale beef prices stabilized after a recent slide and as a monthly government report helped to temper concerns about waning consumption. Gains were capped by eroding beef packer margins, although cattle demand is likely to remain high this week […] Read more
U.S. livestock: Live cattle firm as packer margins turn negative
Lean hog futures settle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday as supplies tighten, with beef packer margins falling into the negative for the first time in years, traders said. Beef packers lost $14.35 per head on Tuesday, compared to earnings of $1.60 a day earlier and $18.40 the week before, according to […] Read more
U.S. livestock: Hog futures firm on technical buying
Cattle futures close mostly lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for the second day in a row on Thursday, with technical buying supporting prices following the market’s bounce from a 10-month low on Wednesday, traders said. CME December lean hog futures settled up 1.275 cents at 77.775 cents/lb. (all figures US$). Front-month October hogs […] Read more
U.S. livestock: CME hogs up off 10-month low on bargain-buying
Live cattle also up on technical buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday on bargain buying, a day after the benchmark December contract fell to a 10-month low, traders said. CME December lean hog futures settled up 2.075 cents at 76.5 cents/lb. (all figures US$). Front-month October hogs ended up 3.8 cents, at 90.8 […] Read more
U.S. livestock: CME lean hogs, live cattle retreat on technical selling
Funds net long in hogs, cattle
Chicago | Reuters — Chicago Mercantile Exchange benchmark December lean hog futures fell about four per cent on Tuesday, hitting a 10-month low on technical selling and worries about consumer demand for meat, traders said. Brokers shrugged off strength in outside markets including crude oil and Wall Street equity markets, which firmed as fears eased […] Read more
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