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CME to raise hog futures trading limits as swine fever fuels volatility

New daily limit of 3.75 U.S. cents proposed for mid-April

Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle sink to new lows

COVID-19 continues to spook investors

Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more


CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more

CME April 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more


CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more

CME March 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hog futures firm

Cattle contracts ease

Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended […] Read more





CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hogs rally with hopes for exports to China

Cattle market similarly hopeful

Chicago | Reuters — U.S. hog futures rose 2.1 per cent on Tuesday on hopes for increased demand from China as the world’s top pork consumer announced plans to begin issuing tariff-free import licenses. China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so […] Read more

CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle bounce after this week’s four-month lows

Plentiful hog supplies drag on futures

Chicago | Reuters — U.S. live cattle futures closed higher on Friday on bargain buying after the benchmark April contract fell to a 4-1/2-month low this week, with traders citing expectations for a seasonal pickup in beef demand, traders said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled up 1.8 cents at […] Read more