Chicago | Reuters — Chicago Mercantile Exchange lean hogs sagged to a six-year low Thursday, pressured by continued worries over plentiful supplies that sank futures to a five-year bottom on Wednesday, traders said. February closed 1.825 cents per pound lower at 63.275 cents, and set a new contract low of 62.85 cents in electronic trading
U.S. livestock: CME hog futures hit six-year low as supply woes persist
U.S. livestock: Supply worries drop lean hogs to five-year low
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs fell to their lowest level in five years Wednesday as abundant supplies of heavyweight hogs pressured cash prices and hurt wholesale pork demand, traders said. “We’re simply supply-bearish,” said U.S. Commodities analyst Don Roose. Market-ready (cash) hogs in the Midwest sold steady to $1 lower
U.S. livestock: CME live cattle rebound with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher after Tuesday’s choppy session, supported by the wholesale beef price upswing that trumped initial selling, traders said. February closed 0.55 cent per pound higher at 153.75 cents, and April up 0.975 cent, to 150.575 cents (all figures US$). Tuesday morning’s choice wholesale beef
Aggressive herd expansion reverses shrinking U.S. cattle supply
Chicago | Reuters — Affordable feed and record-high spikes in cattle prices in 2014 encouraged U.S. ranchers to increase their herds at a faster pace than previously expected during the past year, analysts said in response to a government yearly cattle report on Friday. Expansion efforts by producers helped turnaround the seven-year decline in the
U.S. livestock: CME live cattle post gains after wild ride
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Friday after an up-and-down session, ultimately supported by short-covering and futures’ discounts to cash prices, traders said. February closed 1.325 cents per pound higher at 154.85 cents, and April up 1.775 cents, to 152.275 cents (all figures US$). This week, packers paid
U.S. livestock: CME live cattle futures slump, but off session lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Thursday, pressured by profit taking before the last trading day of the month on Friday, traders said. Earlier, February and April triggered sell stops and fund liquidation after falling below the 10-day moving average of 152.95 cents and 151.05 cents, respectively (all
U.S. livestock: CME hogs rally with biggest daily gain in four months
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed sharply higher Wednesday on short-covering that earlier drove futures to their biggest one-day gain in four months at over two per cent. The electronic is currently trading and is up 1.8 per cent. February closed 2.1 cents per pound higher at 71.525 cents, and April
U.S. livestock: CME live cattle see biggest daily rise in six months
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted their biggest one-day percentage increase in six months on Tuesday, driven up over two per cent by bargain hunting, traders said. Speculative buying and short-covering helped boost nearby trading months to their three-cents-per-pound price limit, which will result in an expanded limit to 4.5 cents
California turkey farm quarantined after H5N8 detected
Chicago | Reuters –– A California turkey farm has been quarantined after confirmation of the first case of an outbreak of the highly pathogenic H5N8 avian influenza strain in the Pacific Northwest, and in a commercial flock, the U.S. government said. The news on Saturday came just weeks after China banned U.S. poultry after an
U.S. livestock: CME hogs break five-day stretch of two-year lows
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs ended higher on Monday on short-covering, and the wholesale pork price bounce that helped snap futures’ five-day streak of two-year lows, traders said. February closed 1.525 cents per pound higher at 70.825 cents, and April up two cents, to 72.65 cents (all figures US$). CME lean
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