Chicago Mercantile Exchange hog futures on Tuesday fell in anticipation of lower cash prices soon, traders and analysts said. The arctic blast that snarled transportation of livestock to market is expected to subside by midweek, freeing up more hogs that could pressure cash values, they said. The federal government estimated that packers on Tuesday processed
U.S. livestock: Weak cash sentiment undermines CME hog futures
U.S. livestock: Big chill moves CME live cattle to record highs
Chicago Mercantile Exchange live cattle futures, on a lead-month chart basis, notched a new high for a fourth straight session on Monday, partly driven by arctic air that disrupted livestock production in parts of the country, traders said. Treacherous travel conditions in the Midwest snarled the delivery of cattle and hogs to meat packers such
U.S. livestock: Supply woes drive up CME live cattle for sixth day
Chicago Mercantile Exchange live cattle futures, on a lead-month chart basis, on Friday ended higher for the sixth straight day amid persistent supply worries, traders and analysts said. Years of drought in parts of the United States sent corn and hay costs to all-time highs last summer. The costly feed caused ranchers to downsize their
U.S. livestock: CME live cattle hit new highs with cash prices
Chicago Mercantile Exchange live cattle futures, on a continuous lead-month chart basis, marked a record high Thursday for a second straight session after cash prices also topped last week’s record. February ended one cent per pound higher at 135.625 cents, and April finished at 135.8 cents, up 0.5 cent (all figures US$). On Thursday, cash
U.S. livestock: CME live cattle end lower, up 3.5 per cent for year
Chicago Mercantile Exchange live cattle futures settled lower on Tuesday in all contracts except spot December as traders evened positions on the last trading day of 2013, but the market overall posted gains of 3.5 per cent for the year. CME live cattle for December delivery, which expired at noon CT, settled up 0.1 cent
U.S. livestock: Beef price hike extends CME live cattle gains
Chicago Mercantile Exchange live cattle futures on Monday landed in positive territory for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. Monday morning’s wholesale price for choice beef rose $2.33 per hundredweight (cwt) from Friday to $199.32, and select surged $3.30 to $194.60, according to the U.S. Department of Agriculture
U.S. livestock: Strong cash prices drive up CME live cattle
Chicago Mercantile Exchange live cattle futures closed higher in light volume on Friday, led by short-covering stirred by better-than-anticipated cash prices, traders said. Cash cattle in Texas moved at mostly $133 per hundredweight (cwt), $3 higher than last week, feedlot sources said (all figures US$). They reported cash sales of mostly $132 in Kansas, up
U.S. hog herd dips slightly, with record pigs per litter
The U.S. hog herd held declined slightly in the latest quarter compared to a year earlier, and fell just short of average trade forecasts, a U.S. government report showed on Friday. The data showed producers held a record number of pigs per litter during the period at 10.16 head, up marginally compared with last autumn’s
U.S. livestock: CME live cattle lifted by short covering
Chicago Mercantile Exchange live cattle futures closed higher on Thursday on short-covering in an otherwise quiet post-holiday session, traders said. December live cattle futures finished 0.35 cent higher at 132.7 cents per pound, and February gained 0.425 cent at 134.15 cents (all figures US$). Investors await this week’s cash cattle sales, knowing packer margins are
U.S. livestock: Profit-taking weakens CME live cattle
Chicago Mercantile Exchange live cattle futures posted modest losses on Tuesday as investors pocketed profits before the Christmas holiday, traders said. December live cattle futures finished 0.35 cent per pound lower at 132.35 cents, and February ended down 0.225 cent at 133.725 cents (all figures US$). December felt added pressure this week from market anxiety
Cyber-Savvy Farmer
