Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle contracts closed higher for a third straight session on Monday, partly driven by Friday’s U.S. Department of Agriculture Cattle-On-Feed report, traders said. Initially, analysts considered the report mildly bearish because more cattle were placed in feedlots last month than forecasted. Some analysts later said
U.S. livestock: CME live, feeder cattle extend gains after USDA report
LIVESTOCK: CME live cattle futures climb before USDA report
Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900) GMT. Analysts expect the report to show fewer cattle entered feedlots in July as expensive calves discouraged some feedyards from buying them. On Friday, USDA will
U.S. livestock: CME hogs turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI
U.S. livestock: CME hogs slide with cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked
U.S. livestock: CME live, feeder cattle up third straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday finished higher for a third session in a row, supported by spillover short-covering from late last week, traders said. August live cattle ended one cent per pound higher at 151.6, and October was up 0.8 cent at 148.55 cents (all figures US$). Futures
Tyson looks for other pork export markets after China ban
Chicago | Reuters — Tyson Foods plans to find other export markets for its pork products after a recent delivery to China triggered an export ban of half its U.S. hog slaughterhouses, the company told Reuters Friday. The U.S. Agriculture Department announced earlier this week that China was barring future pork imports from six U.S
U.S. livestock: Short-covering extends CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday, with gains fuelled by short-covering following deep market losses earlier in the week, traders said. August live cattle ended 0.6 cent per pound higher at 150.6, and October was up 0.4 cent at 147.75 cents (all
U.S. livestock: CME live cattle jump on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday on short-covering following recent heavy market losses, traders said. August live cattle ended 1.775 cents per pound higher at 150 cents, and October up 0.8 cent to 147.35 cents (all figures US$). CME live cattle chopped around during most of the
U.S. livestock: CME live cattle close lower with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses on Wednesday after packers cut the cost of beef at wholesale markets to stir retail buying ahead of the Labour Day holiday, traders said. August live cattle ended 1.4 cents per pound lower at 148.225, and October closed down 1.125 cents at 146.55
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