U.S. livestock: Lower cash, pork prices send CME hog futures lower

Chicago | Reuters – Chicago Mercantile Exchange hogs closed lower for a third straight day on Thursday, posting new lows for the contract, following downward-trending prices for market-ready, or cash hogs and wholesale pork values, traders said. Plentiful hog supplies and some plants shutting down temporarily to perform routine maintenance, which is typical this time[...]

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

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[...]



U.S. pork stocks balloon as prices curb appetites


Reuters / High meat and gasoline prices have curbed consumers’ appetite for pork, which caused the meat to pile up in warehouses last month, analysts said March 22. 
That February pork supply was up seven per cent from the previous month, and up nine per cent from a year ago, the data showed. 
“This confirms[...]



U.S. livestock: Strong cash prices push CME live cattle higher

Chicago | Reuters -- Chicago Mercantile Exchange live cattle contracts ended higher for a third day in a row on Friday, led by short-covering in response to better-than-expected prices for slaughter-ready, or cash, cattle, said traders. They said fund buying contributed to CME live cattle gains after some contracts broke through technical resistance levels. October[...]


U.S. livestock: CME hogs at three-month low on cash, pork prices

Chicago | Reuters -- Chicago Mercantile Exchange lean hogs drifted to a three-month bottom on Monday, in response to lower cash and wholesale pork prices, said traders. Sell stops and deferred-month future's premiums to CME's hog index for Dec. 7 at 65.48 cents further weighed on contracts. December hogs, which will expire on Dec. 14,[...]

U.S. livestock: Weather, cash prices rally CME live cattle

Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures turned higher on Monday, spurred by last Friday's strong cash prices and the start this week of another round of wintry weather in parts of the northern U.S. Plains, traders said. February live cattle finished 1.65 cents/lb. at 123.55 cents (all figures US$). April ended[...]


U.S. livestock: Lower cash, pork prices pull down CME hogs

Chicago | Reuters -- Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. Fund liquidation further weighed on the market, they said. December hogs, which will expire on Dec. 14, ended down 0.45 cent/lb. at 63.825 cents (all figures US$). Most actively-traded February closed 1.55[...]