Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Thursday sank to their lowest level since March 2013 on liquidation by funds as part of their annual rebalancing of commodity positions, traders said. Funds trading in CME’s lean hogs and live cattle markets simultaneously sold February long positions and bought back months in a […] Read more
U.S. livestock: CME hogs near two-year low in active fund selloff
U.S. livestock: CME hogs rally in anticipation of cash price rebound
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned higher Wednesday after initial selling, benefiting from sentiment that cash prices are about to bottom out soon, traders said. February closed 0.75 cent per pound higher at 79.325 cents, and April finished up 0.525 cents at 81.875 cents (all figures US$). Slaughter-ready (cash) hog prices […] Read more
U.S. livestock: Bearish fundamentals sink CME hogs to near two-year low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs fell to their lowest in almost two years on Tuesday, weighed down by sluggish wholesale pork demand and ample hog supplies, traders said. February closed 1.35 cents per pound lower at 78.575 cents and April finished down 1.45 cents, to 81.35 cents (all figures US$) On […] Read more
U.S. livestock: CME hogs sag as funds sell; live cattle rise
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower on Monday on sell stops and fund liquidation after nearby contracts drifted beneath technical support levels, traders said. February closed 1.375 cent per pound lower at 79.925 cents, below the 10-day moving average of 81.2 cents (all figures US$). April finished down 0.7 cents […] Read more
U.S. livestock: CME feeder cattle in biggest one-day jump in seven months
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle on Friday climbed two per cent, their biggest daily increase in seven months, led by live cattle market advances, traders said. Fund buying and buy stops surfaced after January and March surpassed their respective 20-day moving average of 221.46 cents and 218.46 cents (all figures […] Read more
U.S. livestock: CME live cattle end session weaker
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower on Wednesday on year-end profit taking, trader said. However, futures extended their yearly winning streak to six in a row after finishing up 23 per cent for 2014 amid tight supplies after years of drought, an analyst said. Upward-trending wholesale beef prices and stronger-than-expected […] Read more
U.S. livestock: CME live cattle close weaker on profit taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower in choppy trading on Tuesday, pressured by profit-taking that outpaced initial buying led by bullish fundamentals, traders said. December, which will expire on Wednesday, closed 0.625 cent per pound lower at 165.875 cents, and February was down 0.3 cent at 164.7 cents (all figures […] Read more
U.S. livestock: CME live cattle climb on beef prices, cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted significant gains on Monday, led by strong wholesale beef prices and anticipation of steady or better cash prices this week, traders said. December closed 1.75 cents per pound higher at 166.5 cents, and February up 2.525 cents at 165 cents (all figures US$). Monday morning’s […] Read more
U.S. livestock: Live cattle contracts fall in choppy trade
Chicago / Reuters – Most Chicago Mercantile Exchange live cattle contracts settled weaker in choppy action on Wednesday after investors squared positions on Christmas Eve, traders said. CME livestock markets will resume trading on Friday after closing early on Wednesday for Thursday’s Christmas holiday. December finished 0.650 cent per lb higher at 162.500 cents, February […] Read more
U.S. livestock: Hogs climb on short-covering before USDA report
Chicago / Reuters – Chicago Mercantile Exchange lean hogs closed higher on Tuesday on short-covering ahead of the Christmas holiday and before the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CST (2000 GMT), traders said. Analysts expect the report, which will be released while Globex hog futures are trading, to show herd […] Read more
Canadian Cattlemen Presents: Depth of Field
