Tag Archives beef

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped another two-week high on Tuesday before finishing slightly firmer, while lean hog futures ended lower. Technical buying helped support gains in cattle, as the market has rebounded after nearing a two-month low last week, brokers said. A smaller U.S. cattle herd is also supportive […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger and touched their highest prices in more than two weeks on Monday as livestock markets recovered from recent losses, analysts said. The Dow and S+P 500 also ended higher, after turmoil in the banking sector recently weighed on equity and commodity markets. Cattle […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures crumbled to new life-of-contract lows on Thursday, before finishing mixed, on concerns about poor demand for U.S. pork, analysts said. The market has tanked since last week, with additional pressure stemming from weak cash prices and larger-than-expected supplies of hogs. The front-month contract is down […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled to contract lows again on Wednesday on concerns about lower demand, analysts said. Worries about the risk for a recession to reduce consumers’ meat purchases hung over livestock markets, particularly for expensive cuts, said Arlan Suderman, chief commodities economist for broker StoneX. Wheat and […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures dropped to contract lows on Tuesday on follow-through and technical selling after recent slides, traders said. Front-month April lean hogs settled down 0.725 cent at 77.05 cents/lb. after hitting a contract low at 77 cents (all figures US$). The contract has lost 12 per cent […] Read more