U.S. live cattle futures fell on Wednesday as cautious investors awaited trading in this week’s cash markets, said analysts and traders. Chicago Mercantile Exchange (CME) October and December live cattle drifted below their 10-day moving averages of 123.54 and 126.35 cents per pound, triggering light fund selling (all figures US$). Spot October closed down 0.2
U.S. cattle slip amid cash caution
Soaring corn drives U.S. feeder cattle down limit
U.S. feeder cattle futures fell their daily three-cent-per-pound daily trading limit on Friday as corn soared by its 40-cent-per-bushel limit, traders and analysts said. Live cattle fell on weak cash cattle and beef markets and on hog/cattle spreading. Hog futures gained on the spread activity as traders bought hogs while selling cattle due to the
U.S. live cattle slump as funds head for exit
U.S. live cattle futures posted their biggest one-day percentage loss in three and a half months on Tuesday and slumped about two per cent amid fund liquidation, said traders and analysts. Chicago Mercantile Exchange (CME) live cattle fell about 1.8 per cent on the day. "You had funds liquidating after we gave up the moving
U.S. hogs extend gains on cash prices
U.S. hog futures gained for a fifth straight session on Monday in response to packers raising bids for hogs in the cash market as wholesale pork demand improved, analysts and traders said. Live cattle at the Chicago Mercantile Exchange (CME) posted modest losses while feeder cattle ended firmer. CME hogs drew support from the push
U.S. drought heading from croplands to the meat counter
The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat. Drought-decimated fields have pushed grain prices sky high, and the rising feed costs have prompted some livestock producers to liquidate
Cash, exports drop U.S. live cattle Thursday
U.S. live cattle futures fell on Thursday following steady to lower prices for cattle in the cash market and disappointing export data, said analysts and traders. Investors also cited caution before the U.S. Department of Agriculture’s monthly cattle-on-feed report on Friday. Also on Friday, USDA will release its monthly cold storage data that will include
Strong cash lifts U.S. hogs
U.S. hog futures extended gains for a second straight day on Wednesday, bolstered by higher prices for hogs in the cash market, said analysts and traders. They said futures buyers also viewed the decline in hog weights as an indication that the seasonal decline in hog prices may have ended. Chicago Mercantile Exchange (CME) spot
Beef quotes rally U.S. live cattle
U.S. live cattle futures on Tuesday recovered some of the ground lost on Monday to risk-off trading, drawing support from steadily rising wholesale beef prices, said analysts and traders. December Chicago Mercantile Exchange (CME) live cattle also returned above the key 200- and 20-day moving average support levels of 128.63 and 128.82 cents, triggering fund
Big drop in corn pulls down U.S. live cattle, hogs
U.S. live cattle and hog futures fell on Monday as a steep drop in corn futures had investors worried lower feed grain costs would cause producers to fatten more animals and that would pressure livestock prices, analysts and traders said. Live cattle at the Chicago Mercantile Exchange dropped more than one per cent. "Funds were
Profit-taking pulls U.S. live cattle from six-month highs
U.S. live cattle futures posted modest losses on Thursday after profit taking in a technically overbought market pulled contracts from a fresh six-month high, analysts and traders said. Chicago Mercantile Exchange (CME) live cattle investors were also nervous about next week’s cash cattle price direction after stronger-than-expected cash values late Wednesday pushed October futures to
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