Chicago | Reuters — Chicago Mercantile Exchange hogs on Wednesday slumped on profit-taking and fund liquidation that pulled futures down from a high set earlier in the session, traders said. Fund selling and sell stops developed after the June contract fell below the 20-day moving average of 127.209 cents (all figures US$). April hogs closed
U.S. livestock: Fund liquidation erases CME hogs’ new high
U.S. livestock: CME hogs hit new high, led by discount to cash prices
Chicago | Reuters — Chicago Mercantile Exchange hogs on Tuesday set a new high after recovering some of Monday’s hefty losses, helped by short-covering and futures’ discount to prices for market-ready or cash hogs. CME’s hog index, a two-day barometer reflecting cash prices, was at a record-high 129.87 cents, which surpassed the previous high of
U.S. hog herd decline less than expected despite PEDv
Reuters — The U.S. hog herd shrank less than feared in the latest quarter compared with a year earlier, leaving it well above average trade forecasts, a U.S. Department of Agriculture report showed Friday. The data suggests the spread of the deadly porcine epidemic diarrhea virus (PEDv) was not as devastating to the herd during
U.S. livestock: CME hogs end firm in choppy action before USDA report
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled firmer on Friday after a volatile day of trading before the highly anticipated U.S. Department of Agriculture quarterly hog report at 2 p.m. CT. Analysts’ estimates for USDA’s Friday report varied widely, reflecting uncertainty about how much the data will account for the impact of
California drought delays cattle herd building
More feedlots, packing plants may fail
California’s recent rains brought only short-term relief to the state which is suffering its worst drought in a century, leaving cattle rancher Kevin Kester to stick to his strategy of salvaging as much of his operation as possible for his three children to have a future in the cattle business. “We have a plan to
U.S. livestock: CME hogs limit-up on record-high cash prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday jumped to their three-cents daily price limit, ignited by record-high prices for slaughter-ready or cash hogs, traders and analysts said. The morning’s hog price at the closely watched Iowa/Minnesota market surged $4.70 per hundredweight (cwt) from Wednesday to a record-high $131.49, according to the
U.S. livestock: Bargain hunters help CME hogs pare losses
Chicago | Reuters –– Chicago Mercantile Exchange hog futures turned higher on Wednesday, supported by bargain hunting and short covering after 2-1/2 days of losses, traders and analysts said. Investors cited futures’ discount to CME’s hog index that touched a record high at 125.04 cents, surpassing the March 21 record of 122.57 (all figures US$).
U.S. livestock: CME hogs drop limit-down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled down their three-cent daily price limit on Tuesday, rattled by profit-taking and a drop by wholesale pork prices, traders and analysts said. Sentiment that cash hog prices may be about to peak if packers are unable to move pork contributed to the CME hogs’ selloff,
U.S. livestock: Profit-taking drops CME hog futures
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the first time in eight sessions, pressured by profit-taking in anticipation of prices for market-ready or cash hogs topping out soon, traders said on Monday. For more than a month, packers maintained steady or higher cash hog bids due to harsh wintry weather and
U.S. livestock: CME live cattle slip before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday fell modestly as investors tweaked positions before the U.S. Department of Agriculture’s monthly Cattle-on-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s data to show increased cattle placements last month as profitable margins allowed feedlots to bring in more calves for
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