
Tag Archives beef

U.S. livestock: CME cattle firm on bargain buying, grain values
Chicago lean hogs end day lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Monday amid a spate of bargain buying after a recent slump in prices helped mute market impact of the bearish results of the latest Cattle on Feed report from the U.S. Agriculture Department, traders said. Cattle futures also were boosted by a sharp drop […] Read more

U.S. livestock: CME cattle end higher, rebounding ahead of USDA data
Hogs up after several days' slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Friday on bargain buying a day after setting one-month lows, and as traders squared positions ahead of monthly feedlot data released by the U.S. Department of Agriculture after the close of trading. CME February live cattle settled up 0.675 cent at 156.625 cents/lb., […] Read more

U.S. livestock: CME live cattle futures hit one-month low
USDA data awaited; hogs down on wholesale pork price weakness
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday with the most-active April contract hitting a one-month low on technical selling, soft cash cattle markets and weak wholesale beef prices, traders said. CME February live cattle settled down 0.85 cent at 155.95 cents/lb., near its 50-day moving average, after touching 155.375 […] Read more

U.S. livestock: CME hog futures sag as pork prices hover near two-year lows
Live cattle mixed, March feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday as cash hog prices remained soft and wholesale pork prices lingered near two-year lows, traders said. “We continue to search for a bottom on the hogs, and the cash market stays under pressure,” said Don Roose, president of Iowa-based U.S. Commodities. “It’s […] Read more

U.S. livestock: CME cattle futures sag on long liquidation, rising grains
Hogs end mixed as traders' net long position shrinks
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, on spillover weakness from feeder cattle futures and long liquidation as market players responded to a hefty net long position held by commodity funds, analysts said. CME February live cattle settled down 0.725 cent at 157 cents/lb. and April futures fell 0.8 […] Read more

Prime Cuts: Where’s the (U.S.) beef?
Prime Cuts with Steve Kay: Global beef production expected to be fractionally lower
“Where’s the beef?,” a slogan coined by hamburger chain Wendy’s, is one of the most successful ad campaigns of the past few decades. But in light of a big decline in U.S. beef production next year, global beef users might be asking the same question about U.S. beef. U.S. production is expected to decline to […] Read more

U.S. livestock: CME live cattle end firm on tight supplies, lower weights
Hogs mixed on weak cash prices, higher cutout
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firm on Friday, underpinned by tight supplies and as harsh winter weather in recent weeks lowered cattle slaughter weights and limited beef production, traders said. Live cattle futures prices remained bound in a recent trading range as cash cattle prices at Plains feedlot […] Read more

U.S. livestock: CME lean hogs end mixed, cattle mostly lower
Corn's rally put pressure on feeder cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mixed on Thursday, with actively traded nearby months down on weak pork prices and dull demand, while deferred contracts rose on expectations for tighter supplies in coming months, traders said. The February hog contract was down for the 10th time in 11 sessions and […] Read more

U.S. livestock: CME hogs drop as pork cutout sinks to near two-year low
Cattle futures also follow beef values lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday for the ninth time in 10 sessions as weak cash hog prices and lower pork values dragged the market to a fresh three-month low, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell on […] Read more

U.S. livestock: CME hogs sink to three-month low on weak pork prices
Live cattle steady to higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Tuesday for the eighth time in nine sessions on concerns about pork demand and slumping pork prices, traders said. The actively traded February lean hog contract dropped to a three-month low as packer margins eroded and the pork cutout price slid to the […] Read more