Chicago Mercantile Exchange (CME) lean hog futures climbed to a 9-1/2-month high on Wednesday as fund buying lifted nearby trading months beyond a key technical resistance level, said analysts and traders. June and July hogs broke through their respective 100-day moving averages of 92.93 and 92.95 cents per pound, which stirred short-covering (all figures US$). […] Read more
Fund buying lifts U.S. hog futures to 9-1/2-month high
U.S. live cattle jump with new beef price record
Chicago Mercantile Exchange live cattle futures on Tuesday closed higher after wholesale beef prices notched another record high fueled by grilling demand and tight supplies, said traders and analysts. Supermarkets are also close to booking fresh beef for the May 25 to May 27 U.S. Memorial Day holiday backyard cookouts. U.S. Department of Agriculture data […] Read more
U.S. cattle placements rise in April as feed costs subside
The number of cattle placed in U.S. feedlots last month was up 15 per cent from a year earlier, a government report showed Friday, and analysts said reduced feed costs encouraged fattening cattle for slaughter. The U.S. Department of Agriculture reported April placements at 1.75 million head, up 15 per cent from 1.521 million in […] Read more
U.S. live cattle futures sag ahead of USDA report
Chicago Mercantile Exchange live cattle futures closed lower on Friday as traders adjusted positions ahead of the U.S. Department of Agriculture monthly cattle-on-feed report that was released after the futures closed, analysts and traders said. Analysts called the report neutral for futures on Monday as its supply numbers were nearly in line with trade estimates. […] Read more
U.S. hog futures climb with rising pork prices
Chicago Mercantile Exchange hog futures closed higher on Thursday, lifted by strong wholesale pork values in tight seasonal supplies, analysts and traders said. CME June hogs settled up 0.95 cent to 92.875 cents per pound while July closed at 92.55 cents, or 0.7 cent higher (all figures US$). Wholesale pork values proved solid all week […] Read more
U.S. live cattle futures fall despite record beef prices
Chicago Mercantile Exchange (CME) live cattle futures on Wednesday fell for a fourth straight session as lower cash cattle prices weighed on the market despite record-high beef values, traders and analysts said. U.S. Department of Agriculture data showed wholesale price of choice beef, or cutout, on Wednesday jumped $3.48 per hundredweight (cwt) from Tuesday to […] Read more
Most U.S. hog futures gain as funds roll positions
Chicago Mercantile Exchange (CME) hog futures settled mostly firm on Tuesday as funds sold the spot-June contract and bought deferred months as dictated by the Goldman Sachs Commodity Index roll. Funds that follow Standard + Poor’s Goldman Sachs Commodity Index shifted their June long positions into July and August. Tuesday was the first of five […] Read more
U.S. live cattle futures slump on fund liquidation
Chicago Mercantile Exchange live cattle futures turned sharply lower on Friday pulled down by fund liquidation, traders and analysts said. They said futures felt more pressure from profit-taking after recent market advances. “Profit-taking got the ball rolling during the quiet session, then funds chimed in after we fell through moving averages,” a trader said. CME […] Read more
U.S. live cattle climb as beef demand surges
Chicago Mercantile Exchange live cattle futures moved higher on Thursday as wholesale beef prices approached an all-time high, fueled by growing grilling demand, said analysts and traders. The wholesale price of choice beef, or cutout, Thursday morning rose 81 cents per hundredweight (cwt) to $200.30/cwt (all figures US$). It is the highest since $200.65 on […] Read more
Higher beef prices lift U.S. live cattle futures
Chicago Mercantile Exchange live cattle futures rallied Wednesday as the wholesale beef price, or cutout, moved sharply higher, said analysts and traders. Wednesday’s beef cutout value jumped to a 10-year high with the arrival of warm, dry weather over much of the country, which analysts believe will boost outdoor cookouts. The wholesale price choice beef […] Read more
Canadian Cattlemen Presents: Depth of Field
