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Tag Archives lean hog

(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs turn up on short-covering, bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Friday after short covering and bargain buying pared some of the market’s recent losses tied to fears about NAFTA negotiations, said traders. On Wednesday, Mexico said it would withdraw from the North American Free Trade Agreement, following Canadian government worries that the U.S. […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: NAFTA worries drag CME hogs from one-year high

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a one-year top earlier in the session, rattled by fund selling and Canadian government concerns over NAFTA talks with the U.S., said traders. Canada is increasingly convinced that President Donald Trump will soon announce the U.S. intends to pull out of the […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle mount late-session rally

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed moderately higher on Tuesday, following late-day short-covering and bargain hunting after three sessions of losses, said traders. Futures initially drew more support from their lower price compared to last week’s slaughter-ready, or cash, cattle returns. Market advances were limited by funds in CME’s livestock markets […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Cash prices propel CME hogs to one-year high

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Monday reached their highest level in almost a year as packers competed for supplies during the first full week of production after the New Year’s holiday, said traders. The February contract led the charge after investors bought that trading month and simultaneously sold deferred contracts. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash price optimism boosts CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reached a seven-week high, propelled by expectations for steady-to-higher cash prices by week’s end, said traders. Thursday’s wholesale beef price upswing, short-covering and year-end positioning furthered market advances, they said. December live cattle, which will expire on Friday, closed 2.525 cents/lb. higher at 124.55 […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters, Weather

U.S. livestock: CME hogs ease from 10-month top on lower cash prices

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a 10-month high, weakened by profit-taking and less money paid by packers for slaughter-ready, or cash, hogs, said analysts. February closed 0.5 cent lower at 71.025 cents (all figures US$). April ended down 0.1 cent, at 75.275 cents. Processors need fewer animals […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle surge on beef demand, cash price hopes

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, driven by strong wholesale beef values that generated cash price optimism for this week, said traders. Investors bought deferred months and simultaneously sold December futures before its Dec. 29 expiration. Fund buying contributed to market advances. December live cattle finished up […] Read more

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