Chicago Mercantile Exchange live cattle on Monday gained for a third straight session in anticipation of a seasonal uptrend in cash cattle prices, said analysts and traders. Last summer’s drought forced ranchers to send cattle to market ahead of schedule, resulting in fewer cattle now. And improved grazing conditions are keeping cattle out of feedlots […] Read more
LIVESTOCK: U.S. live cattle futures up with seasonal cash hopes
LIVESTOCK: U.S. hog futures drop in anticipation of lower cash
Chicago Mercantile Exchange hog futures slumped Thursday in anticipation of lower-trending cash hog prices, traders and analysts said. Mixed cash hog returns on Thursday suggest negative margins prompted some packers to reduce slaughter, which should underpin the cutout, a trader said. Other processors may curb slaughter rates after they pad inventories for the rest of […] Read more
LIVESTOCK-climbing pork prices pull up U.S. hog futures
Chicago Mercantile Exchange hog futures rose on Tuesday in response to sharply higher wholesale pork prices, traders and analysts said. The U.S. Department of Agriculture’s Tuesday morning mandatory wholesale pork price report, or cutout, calculated on a plant-delivered basis, was at $102.02 per hundredweight (cwt). The price jumped $2.73 from Monday to its highest since […] Read more
Ebbing beef prices pare early U.S. cattle futures gains
Chicago Mercantile Exchange live cattle on Monday sagged with lower wholesale beef prices, said analysts and traders. The U.S. Department of Agriculture on Monday afternoon quoted the wholesale price of choice beef at $188.98 per hundredweight (cwt), which was down 24 cents from Friday. Select cuts fell 97 cents to $183.20 cents. Recent hot weather […] Read more
U.S. cattle futures sag before USDA report
Chicago Mercantile Exchange live cattle sagged Friday as investors awaited the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday at 2 p.m. CDT. Analysts expect the data to show cattle placements last month fell as abundant grazing pastures kept animals out of feedyards longer. USDA’s monthly cold storage report will be issued on Monday […] Read more
LIVESTOCK-Fund buying boosts u.s. cattle futures
Chicago Mercantile Exchange live cattle climbed Thursday on fund buying after futures broke through key technical resistance levels, traders and analysts said. August live cattle finished at 122.100 cents, or0.800 cent per lb higher. It ended above where the 20-day and 100-day moving average converged at 121.883 cents. October closed at 126.475 cents, or 1.225 […] Read more
Livestock – U.S. cattle futures wilt with beef demand
Chicago Mercantile Exchange live cattle futures fell on Wednesday as wholesale beef prices slumped amid scorching heat in parts of the country, traders and analysts said. “Conditions like these don’t typically encourage heavy high protein meals which will likely produce negative impact on animal protein consumption,” Hales Trading Co President David Hales said. The U.S. […] Read more
Rising temperatures heat up U.S. hog futures
Chicago Mercantile Exchange hog futures on Tuesday rose in anticipation of hot weather in the U.S. Plains pushing up cash hog prices, traders and analysts said. Hot humid weather tends to slow hog weight gains, resulting in fewer animals available for packers and less fresh pork for grocers. CME’s hog index, at 102.51 cents, fueled […] Read more
Slumping beef demand weakens U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures posted modest losses on Friday with lower wholesale beef prices, traders and analysts said. August live cattle closed down 0.075 cent per pound, to 121.85 cents. October ended at 126.075 cents, or 0.35 cent lower (all figures US$). The U.S. Department of Agriculture’s Friday afternoon data showed the […] Read more
Most U.S. hog futures slide with cash, pork prices
Most Chicago Mercantile Exchange hog futures finished weaker on Thursday with lower cash hog and wholesale pork prices, traders and analysts said. The U.S. Department of Agriculture’s Thursday morning mandatory wholesale pork price, or cutout, was $102.70 per hundredweight (cwt). The price slipped 48 cents from Wednesday and fell six out of seven days (all […] Read more
Canadian Cattlemen Presents: Depth of Field
