U.S. livestock: Cattle, hog prices ease off

Cattle prices on the Chicago Mercantile Exchange slipped back on Tuesday despite earlier gains. The August live cattle contract rose to US$212.850 per hundredweight during the day, but eventually closed at US$209.750, a loss of US$1.250 compared to Monday’s close. The August feeder cattle contract also reached its highest price since May 13 at US$304.550/cwt.[...]

U.S. livestock: Cattle prices down, hogs rise again

Live and cattle futures on the Chicago Mercantile Exchange retreated for a second session, while lean hogs extended their rally. The August live cattle contract declined by 12.5 U.S. cents per hundredweight to end the day at US$223.550 and showing a weekly gain of US$1.350. October live cattle lost 50 cents/cwt. to close at US$219.825,[...]


CBOT weekly outlook: Weather fuels rallies in grain prices

MarketsFarm -- Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of[...]



U.S. livestock: Substantial prices gains for live, feeder cattle

Cattle futures on the Chicago Mercantile Exchange made substantial gains on Wednesday, aided by a weaker United States dollar. The August live cattle contract gained US$2.600 per hundredweight and ended the day at US$212.350. The August feeder cattle contract rose by a similar amount, gaining US$2.650/cwt. to close at US$303.875. The United States Department of[...]

U.S. livestock: Futures fall, boxed beef prices up

Cattle futures tumbled farther off the contract highs hit earlier in the week on Thursday. Profit taking, as well as comments from Tyson Foods CEO Donnie King that cattle herds were “very close” to a rebuild at a conference on Wednesday, caused August live cattle futures to fall and that pressure continued on Thursday. The[...]