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

U.S. livestock: Cattle placements top estimates

Chicago | Reuters — U.S. cattle producers placed more animals than expected into feedlots last month, U.S. Department of Agriculture data showed on Friday, raising expectations for big supplies next summer. The increase in placements will likely pressure futures prices on Monday, brokers said. Meat producers and buyers are keeping a close watch on herd […] Read more





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

U.S. livestock: CME cattle, hogs mixed on trade detail uncertainty

Chicago | Reuters — U.S. hog futures slipped on Tuesday, as uncertainty about details from the U.S.-China “Phase 1” trade agreement continued to make the market nervous, brokers said. Meanwhile, Chicago Mercantile Exchange (CME) live and feeder cattle futures continued to consolidate after Friday’s big price rally in the wake of the trade agreement news. […] Read more



CME February 2020 live cattle with 20-, 30- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures rise on technical buying

Chicago | Reuters — U.S. cattle futures rose on Wednesday, rebounding from Tuesday’s downturn, while hog futures eased. Traders said that signs of strength in the cash market added support to the strength in both live and feeder cattle contracts. Technical buyers also helped pushed prices higher after early signs of strength. Chicago Mercantile Exchange […] Read more