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

U.S. livestock: CME live cattle reach another two-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high for a second straight day on Thursday, buoyed by this week’s stronger-than-anticipated cash prices, traders said. December live cattle closed up 0.025 cent/lb. to 108.225 cents, and February ended 0.3 cent higher at 108.8 cents (all figures US$). This week, packers […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Strong cash prices boost CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reached their highest level in two months, driven by fund buying and better-than-expected cash prices, said traders. December live cattle closed up 2.725 cents/lb. to 108.2 cents, and February ended 1.975 cents higher at 108.5 cents (all figures US$). On Wednesday packers paid […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle finish mostly firmer

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Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents (all figures US$). February ended up 0.225 cent […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hogs surge on technical buying, cattle mostly higher

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Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures soared three per cent on Wednesday, rebounding on technical buying from the steep losses seen in the previous session, traders and analysts said. Cattle futures also were mostly higher, even as some contracts edged slightly lower after hitting one-month peaks. Higher prices for wholesale beef […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle leap to one-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle prices […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs rise for third straight session

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday settled higher for a third consecutive session, with strength from buy stops and firmer wholesale pork values on the final trading day for the month, traders said. Most actively traded December lean hogs closed 1.15 cents/lb. higher at 47.95 cents (all figures US$). […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures rise again

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Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts landed in positive territory for a second straight day on Friday, lifted by short-covering and technical buying that offset bearish fundamentals, traders said. December lean hogs closed 1.425 cents/lb. higher at 46.8 cents, and February ended 1.675 cents higher at 54 cents (all figures US$). […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME hogs climb despite Smithfield plant closure

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures pared the prior day’s losses on Thursday, led by technical buying in the face of ample packer inventories and a temporary shutdown at an East Coast packing plant, traders said. December lean hogs finished 1.175 cent/lb. higher at 45.375 cents (all figures US$). February ended […] Read more

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