Chicago Mercantile Exchange (CME) live cattle futures slumped Wednesday on active fund liquidation and disappointing preliminary cash cattle prices, analysts and traders said. "Funds, not just in the cattle but in some of the other markets, are showing an unwillingness to embrace a bullish story on commodities right now," said U.S. Commodities president Don Roose
Fund liquidation drops U.S. live cattle futures
U.S. hog futures drop amid China pork testing move
Chicago Mercantile Exchange (CME) hog futures closed down sharply on Tuesday as lower cash hog prices and requests by China for extra testing of U.S. pork for a feed additive weighed, said analysts and traders. China wants a third party to verify starting March 1 that U.S. pork shipped to the country is free of
China seeks extra testing of U.S. pork
China wants a third party to verify beginning March 1 that U.S. pork shipped to the country is free of ractopamine, a feed additive that promotes lean muscle growth, a spokesman for the U.S. Meat Export Federation told Reuters. "There has been communication from the China regulatory agency with U.S. officials that suggests this will
U.S. hogs end mixed, biggest weekly drop in four months
Chicago Mercantile Exchange (CME) hog futures settled mixed on Friday as investors squared positions ahead of the three-day U.S. Presidents’ Day holiday weekend. But lower cash hog values handed CME hogs their biggest weekly percentage drop in four months at 2.5 per cent. April hogs ended at 84.25 cents per pound, down 0.075 cent, after
U.S. feeder cattle futures rally from six-month low
Chicago Mercantile Exchange (CME) feeder cattle futures closed higher on Thursday, as they bounced back from a six-month low earlier in the day on technical buying and later short-covering, traders and analysts said. Traders and analysts attributed the rebound to weaker prices for corn that could help reduce input costs for feedlot operators. Early-session losses
U.S. feeder cattle futures sink to five-and-a-half-month low
Chicago Mercantile Exchange (CME) feeder cattle futures on Wednesday sank to a 5 1/2-month low pressured by sagging live cattle futures and lower prices for younger cattle, said analysts and traders. CME feeder cattle losses spanned eight consecutive sessions, tying a similar losing streak set in October 2009. March ended 1.9 cents per pound lower
U.S. cattle placements fall seventh straight month
Reuters / The number of cattle placed in U.S. feedlots in December fell for a seventh straight month, a government report showed Jan. 25, in a sign of high feed costs continuing to roil the industry after the worst drought in half a century. The decline was against trade expectations for the first monthly increase
U.S. cattle herd at 61-year low
Reuters / The U.S. cattle herd shrunk for a sixth straight year in 2012 due to high feed costs tied to drought and that should mean consumers will continue paying record-high prices for beef. The U.S. Department of Agriculture Feb. 1 said the U.S. cattle herd as of January 1 was 89.30 million head, down
U.S. feeder cattle futures slump, but off session lows
Chicago Mercantile Exchange (CME) feeder cattle futures slumped on Tuesday, weighed by lower prices for feeder cattle in the most-watched Oklahoma City cash market, analysts and traders said. They also cited active early-session selling in the neighbouring CME live cattle futures market. Feedlots are beginning to feel the impact of significant losses after overpaying for
U.S. live cattle futures firm with beef prices
Chicago Mercantile Exchange (CME) live cattle futures rose on Tuesday, helped by short-covering following higher wholesale beef prices, analysts and traders said. Optimism for cash cattle prices generated additional live cattle futures buying interest, they said. CME live cattle spot February settled 0.525 cent per pound higher at 127.6 cents. The most-active April ended up
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