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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Hogs extend rally, cattle snap winning streak

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and February futures opened above their respective 20-day moving averages of 42.51 and […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle rally to three-week high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for a third consecutive session to their highest level in three weeks, fueled by Friday’s strong cash prices and the U.S. government’s bullish monthly Cattle on Feed report, traders said. Friday’s U.S. Department of Agriculture report showed two per cent fewer cattle entered feedlots […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle hit two-week high on technical buying

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Chicago | Reuters — U.S. live cattle futures climbed to a roughly two-week high on Friday, boosted by chart-based buying ahead of a government supply report that was released after the close, traders said. Chicago Mercantile Exchange live cattle extended steep gains from the previous session, with the two-day percentage rise of 4.9 per cent […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures limit up on short-covering

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped their three cents daily price limit while feeder cattle also rose sharply as traders exited short positions on expectations for higher prices in cash cattle markets, traders said. Lean hog futures were mostly higher, with all three livestock contracts rebounding from recent multiyear lows […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hog futures stumble as supplies grow

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday slumped for a third consecutive session, weakened by already ample supplies as Smithfield Foods’ East Coast plants return to full operations after being idled by Hurricane Matthew, traders said. Most-actively traded December lean hogs finished down 0.475 cent/lb., to 41.125 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle extend gains on technical buying

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Chicago | Reuters — U.S. live and feeder cattle futures climbed more than one per cent on Monday, adding to gains in the previous session, on technical buying and expectations cattle and beef prices will rise seasonally, traders and analysts said. Chicago Mercantile Exchange lean hog futures fell sharply. Friday’s expiration of October hogs left […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle plumb new lows on technical selloff

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Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more

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