Chicago Mercantile Exchange (CME) live cattle futures on Friday sagged as investors adjusted positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CT, analysts and traders said. Analysts on average expect the data to show the number of animals placed in feedlots last month dropped from a year ago due to
Chicago live cattle futures sag before USDA report
Chicago hogs, cattle rally
Chicago Mercantile Exchange (CME) hog futures rallied on Thursday, breaking a four-day losing streak, after the U.S. House of Representatives approved funding to avoid furloughing meat plant inspectors, traders and analysts said. The U.S. Senate passed the measure on Wednesday before the bill moved through the House Thursday morning. Congressional approval fuelled more buying in
U.S. live cattle market rebounds on short-covering
Chicago Mercantile Exchange (CME) live cattle futures closed higher on Wednesday on short-covering and consolidation after recent market losses, said analysts and traders. Some investors bought deferred CME live cattle contracts ahead of the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday. Analysts polled by Reuters expect the report to show a nine per
U.S. feeder cattle futures slump to 7-1/2-month low
Chicago Mercantile Exchange (CME) feeder cattle futures slid to a 7-1/2-month low on Tuesday, weighed by sagging live cattle futures and fund liquidation, traders and analysts said. Weaker cash feeder cattle prices in the most-watched Oklahoma City market hastened futures’ retreat to new contract lows, they said. “We can’t seem to get a floor under
Short-covering lifts U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures closed moderately higher on Monday, drawing support from short-covering after three straight losing sessions, analysts and traders said. They said firmer wholesale beef prices encouraged buyers. U.S. Department of Agriculture data Monday morning quoted wholesale choice beef at $196.22 per hundredweight (cwt), up 46 cents from Friday; select
U.S. live cattle futures slide with beef prices
Chicago Mercantile Exchange (CME) live cattle futures sagged on Thursday in anticipation of steady-to-weaker cash cattle prices as wholesale beef values turned lower, analysts and traders said. U.S. Department of Agriculture data on Thursday showed wholesale choice beef at $196.32 per hundredweight (cwt), down $1.17 from Wednesday. Select cuts fell 87 cents to $195.13. Cash
U.S. hog futures fall, uncertain cash prices cited
Chicago Mercantile Exchange (CME) hog futures fell on Wednesday, pressured by uncertainty regarding near-term cash hog prices, said traders and analysts. U.S. Department of Agriculture data Wednesday showed the average hog price in the most-watched Iowa/Minnesota market at $73.71. It was $1.09 lower after being up 83 cents on Tuesday (all figures US$). "There is
Beef prices boost U.S. live cattle futures
Chicago Mercantile Exchange (CME) live cattle futures moved higher on Tuesday, lifted by short-covering after wholesale beef prices resumed their uptrend, said traders and analysts. U.S. Department of Agriculture data late on Tuesday showed wholesale choice beef at $197.28 per hundredweight (cwt), up 40 cents from Monday (all figures US$). Select cuts gained 10 cents
U.S. hogs turn lower amid premiums to cash
Chicago Mercantile Exchange (CME) hogs turned lower on Monday as the premium of futures to cash prices discouraged buyers, said traders and analysts. CME’s lean hog index, a measure of cash hog values, was at 78.13 cents per pound. April hogs settled down 0.875 cent at 81.15 cents/lb., and June hogs fell 0.85 cent to
U.S. live cattle futures drop as funds sell
Chicago Mercantile Exchange (CME) live cattle futures on Friday settled lower as fund liquidation dragged contracts down 1.8 per cent for the week, said traders and analysts. They said uncertainty about cash cattle prices next week pressured CME live cattle futures. The potential furlough of meat inspectors, which could shut down some packing plants, kept
Cyber-Savvy Farmer
