Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slid after hitting contract highs in early trade, weighed by weaker wholesale beef prices and fund liquidation, traders said. The morning’s wholesale beef price, or cutout, dropped for a second straight day, with choice down $1.10 per hundredweight (cwt) from Wednesday to $242.27.
U.S. livestock: Fund selloff undercuts CME live cattle
U.S. livestock: CME hog futures close mixed after volatile session
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mixed on Wednesday, supported by higher cash hog prices while pressured by sporadic profit-taking, traders said. The morning’s hog price in the closely watched Iowa/Minnesota market rose $2.41 per hundredweight (cwt) to $122.90, surpassing Tuesday’s $121.13 record, based on U.S. Department of Agriculture data. Packers
U.S. livestock: CME hog futures gain, but slip from record high
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher in pit trading on Tuesday but eased from their all-time high as investors took profits while awaiting cash price direction, traders said. In electronic trading, CME April hogs edged upward after the average cost of hogs in the closely-watched Iowa/Minnesota market came in at
U.S. livestock: Cash prices again spike CME hogs to new high
Chicago | Reuters — Chicago Mercantile Exchange hog futures marked a new high for a third straight session as tight supplies continued to drive up prices for market-ready hogs, traders said on Monday. Packers are finding it hard to buy hogs as the deadly porcine epidemic diarrhea virus (PEDv) reduces the number of available animals
U.S. livestock: CME live cattle futures rise with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, boosted by short-covering following better-than-expected prices for market-ready or cash cattle, traders said. “Futures played catch up with cash prices after packers built up enough margin to push for supplies this week. Folks are watching the cutout to see if it runs
U.S. livestock: CME hogs hit new high on supply fears, PEDv
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Thursday hit a new high, with April closing up the three-cent limit, as prices for slaughter-ready hogs climbed fueled by tight supplies in part pegged to a deadly pig virus, traders said. The porcine epidemic diarrhea virus (PEDv), which is fatal to piglets has been
U.S. livestock: Live cattle futures rise on hopes for cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose on Wednesday, driven by anticipation of higher cash prices this week, traders said. For now, there is more confidence in better prices for cash cattle given record-high beef values and positive packer margins, said R.J. O’Brien floor manager Jim Brooks. Cash cattle bids in Texas
U.S. livestock: CME hogs peak at new high in volatile action
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Tuesday reached a new high for a second straight session as buying pegged to a deadly pig virus offset profit-taking, traders said. The porcine epidemic diarrhea virus sweeping across U.S. hog farms is already hurting production in parts of the Midwest. The virus is expected
U.S. livestock: Pig virus, supply fears lift CME hogs to new highs
Chicago | Reuters — Chicago Mercantile Exchange hog futures marked a new high on Monday, with some trading months up by their three-cent price limit, led by record-high wholesale pork prices in anticipation of tight supplies pegged to the deadly U.S. pig virus, traders and analysts said. Analysts estimated that at least four million piglets
PEDv-related supply woes drive U.S. hogs up 6.5 per cent
Chicago | Reuters — Hog futures at the Chicago Mercantile Exchange surged 6.5 per cent this week on tightening U.S. supplies as a deadly pig virus sweeps the country, traders and industry sources said on Friday. CME lean hog futures finished the week at 113.75 cents per pound, down from a record high of 114.675
Cyber-Savvy Farmer
