Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Tuesday in response to the morning’s wholesale pork price bounce, traders said. December and February closed up 0.35 cent per pound at 89.9 cents and 89.45 cents, respectively (all figures US$). Tuesday morning’s wholesale pork price jumped $2.97 per hundredweight (cwt) from Monday
U.S. livestock: CME hogs futures end higher with pork prices
U.S. livestock: Weather talk extends CME hog futures advances
Chicago | Reuters — Chicago Mercantile Exchange lean hogs contracts gained for a third straight session, partly on speculation that early wintry weather seeping into the U.S. Midwest could disrupt hog production, traders said. Heavy snowfall tends to snarl transportation of livestock while prolonged periods of extreme cold tend to slow animal weight gains and
U.S. livestock: CME live cattle, hogs finish strong for the week
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday, with December helped by its discount to prices for market-ready or cash cattle, traders said. December closed up 1.45 cents per pound at 166.8 cents, and February 1.825 cents higher at 168.375 cents (all figures US$). On Friday, cash cattle in
U.S. livestock: CME live cattle futures hit record high; hogs slide
Chicago / Reuters – Chicago Mercantile Exchange live cattle reached a record high on Thursday, helped by futures’ discounts to last week’s cash cattle prices and short-covering after recent market losses, traders said. October, which will expire on Friday, closed up 1.500 cents per lb at 170.500 cents, and December was at 167.325 cents 0.575 cent higher. CME live cattle buying
U.S. livestock: CME live cattle finish down, but off session lows
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures sagged Wednesday on profit-taking and fund selling, but strong wholesale beef values helped pull prices off morning lows, traders said. October closed down 0.200 cent per lb at 169.000 cents, and December was 1.025 cents lower at 166.750 cents. The morning’s choice wholesale beef price, or cutout, climbed $2.49 per hundredweight (cwt) from
U.S. livestock: CME lean hogs turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through
CME to include electronic trades in livestock settlement prices
Chicago | Reuters –– CME Group will begin including electronic trades in the calculation of daily settlement prices for its live cattle, feeder cattle and lean hog contracts, the exchange said in a letter to its livestock customers Monday. The change, which is considered a blended settlement, will take effect from Dec. 15, pending a
U.S. livestock: CME live cattle jump with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice
U.S. livestock: CME live cattle pare initial gains before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago.
U.S. livestock: Cash price record lifts CME live cattle to new high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures touched a new high on Thursday in response to record-high prices for market-ready, or cash, cattle, traders said. Cash cattle in Texas and Kansas fetched $170 per hundredweight (cwt), up $6 from last week, and surpassed an all-time high of $166 set in parts of
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