Chicago | Reuters — U.S. live cattle futures eased on Monday, setting back on some mild technical selling after three days of gains, while hog futures edged higher, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled 0.2 cent lower at 114.65 cents/lb. (all figures US$). The contract hit its highest since Nov. […] Read more
Tag Archives live cattle
U.S. livestock: Cattle futures weaken on technical setback
Hog futures up ahead of USDA data
U.S. livestock: Cattle futures firm as cash market rebound seen
Hog report expected to show smaller herd
Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Friday, on expectations that the cash market would rebound from recent lows in the coming days. Traders also viewed a government report that showed cattle placements during November were down sharply from a year earlier as bullish. “The […] Read more
U.S. livestock: Hog futures rally on technical buying
February live cattle futures lower
Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more
U.S. livestock: Cattle rise on technical and bargain buying
CME lean hog futures sink
Chicago | Reuters — U.S. live cattle futures advanced for a third straight session on Friday supported by technical and bargain buying and as strong packer margins were seen potentially keeping a floor under cash cattle prices. Futures rose despite some demand concerns as soaring U.S. coronavirus rates triggered lockdowns that impact restaurant traffic, and […] Read more
U.S. livestock: Short covering, bargain buying lift cattle, hog futures
Meat prices, cash values temper gains
Chicago | Reuters — U.S. live cattle futures firmed on Wednesday in a short-covering and bargain-buying bounce following four straight losing sessions that had dragged prices to 2-1/2-week lows. Lean hog futures also firmed on short covering and bargain buying, though livestock traders remained generally cautious as they monitor broadening coronavirus restrictions and pandemic relief […] Read more
U.S. livestock: Live cattle futures follow cash prices, beef values lower
Chicago | Reuters — U.S. live cattle futures fell for a fourth straight session on Tuesday as cash cattle traded lower at southern U.S. Plains feedlot markets and as wholesale beef prices continued a steep seasonal slide. Declines, however, were limited by bargain buying as some traders viewed the recent drop in cattle prices as […] Read more
U.S. livestock: Live cattle futures step back on demand uncertainty
Lean hogs down with pork production up
Chicago | Reuters — Live cattle futures fell on Friday as a third day of softer wholesale beef prices brought retailer demand into question, traders said. “Wholesale beef prices appear to have topped again and could head lower into the holidays, other than some late buying by retailers last minute,” said Doug Houghton, technical analyst […] Read more
U.S. livestock: Live cattle strengthen on demand outlook
Export demand supports hog futures, for now
Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more
U.S. livestock: Lean hog futures gain on strong pork demand
Weak beef exports drag on live cattle futures
Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more
U.S. livestock: Live cattle futures trim as traders weigh weak exports
Lean hogs down with pork export figures
Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more
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