Chicago Mercantile Exchange hog futures on Tuesday posted modest losses led by profit-taking following a recent string of market advances, traders and analysts said. Funds sold the October contract and bought deferred months in conjunction with the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI). Funds that follow the S+PGSCI shifted, or rolled, their CME […] Read more
U.S. hog futures dip on profit-taking, fund roll
U.S. hog futures mostly higher as funds roll
Chicago Mercantile Exchange hog futures closed mostly higher on Monday as funds sold the October contract and bought deferred months led by the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), traders said. Funds that follow the S&PGSCI shifted, or rolled, their CME hog and live cattle October long positions mainly into December. Monday was […] Read more
Fund buying extends U.S. hog futures advances
Chicago Mercantile Exchange hog futures rose for a sixth straight session on Friday, led by fund buying that prompted short-covering, traders and analysts said. October futures’ discount to CME’s hog index, which was at 91.45 cents, encouraged buying and bullish spreads. CME hogs closed up 3.6 per cent for the week. October ended 1.5 cents […] Read more
U.S. live cattle futures slide as cash hopes dim
Chicago Mercantile Exchange live cattle futures slid on Thursday in anticipation of steady to weak cash prices, analysts and traders said. Sell stops exacerbated futures’ losses in response to the pullback in wholesale beef prices. CME live cattle October and December ended 0.775 cent lower at 125.225 cents and 129.125 cents, respectively (all figures US$). […] Read more
U.S. feeder cattle futures hit highest in more than a year
Chicago Mercantile Exchange feeder cattle futures rose on Friday as forecasts for good crop weather pushed futures to their highest level since June 18, 2012, traders said. The prospect of a record corn harvest in the fall extended CME feeder cattle gains for seventh straight week and a fifth month in a row. Investors bought […] Read more
Fund buying boosts U.S. hog futures
Chicago Mercantile Exchange hog futures climbed Thursday, driven by fund buying and short-covering on the eve of the last trading day of the month, traders and analysts said. Investors also adjusted positions ahead of the Sept. 2 Labour Day holiday, traders said. CME hogs gained almost 1.4 per cent, their biggest one-day percentage increase since […] Read more
Lower cash prices pull down U.S. hog futures
Chicago Mercantile Exchange hog futures turned lower on Wednesday as U.S. packers slashed cash bids ahead of the Sept. 2 Labour Day holiday, traders and analysts said. The U.S. Department of Agriculture on Wednesday morning quoted the average hog price in the most-watched Iowa/Minnesota market $3.10 cents per hundredweight (cwt) lower from Tuesday at $85.13 […] Read more
CME feeder cattle futures rally as corn turns lower
Chicago Mercantile Exchange feeder cattle futures on Tuesday rebounded from Monday’s losses, supported by sentiment that lower corn prices would ease input costs for feedlot operators, analysts and traders said. Chicago Board of Trade (CBOT) corn retreated on profit-taking following Monday’s spike, driven by hot, dry weather in the Plains that could hurt yields. Spot […] Read more
CME feeder cattle futures plunge as corn prices surge
Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Monday, with October down its limit of three cents per pound, as investors worried that high-priced corn may curb feedlot demand for young cattle, traders said. Corn prices at the Chicago Board of Traded spiked near their 40-cent daily price limit led by hot weather […] Read more
U.S. live cattle futures sag before USDA report
Chicago Mercantile Exchange live cattle futures closed lower Friday as traders tweaked positions ahead of the U.S. Department of Agriculture’s monthly cattle-on-feed report expected at 2 p.m. CT. Analysts polled by Reuters believe the smaller U.S. cattle herd and high-priced feed resulted in feedlots drawing from fewer cattle available for feeding now. Spot August live […] Read more
Canadian Cattlemen Presents: Depth of Field
