(CMEGroup.com)

U.S. livestock: CME live cattle shrug off early losses, hogs mixed

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained slightly on Thursday, reversing initial selling aided short-covering and futures’ discounts to last week’s cash prices, traders said. April ended 0.25 cent per pound higher at 161.8 cents, and June finished up 0.125 cent at 151.575 cents (all figures US$). On Thursday, a packer



(CMEGroup.com)

U.S. livestock: CME live cattle retreat while awaiting cash trade

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday after investors pocketed profits while waiting for this week’s prices for market-ready (cash) cattle, traders said. April closed 1.45 cents per pound lower at 161.55 cents, and June was down 0.875 cent at 151.45 cents (all figures US$). Cash cattle bids surfaced


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures buck early losses, hogs wilt

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday following improved wholesale beef values and futures’ discount to last week’s cash prices, traders said. April closed 0.55 cent per pound higher at 163 cents, and June was up 0.575 cent at 152.325 cents (all figures US$). Tuesday morning’s choice wholesale beef

hog prices chart

Lean hog futures plunge to a six-year low

Market Outlook: What was first seen as a downward correction was a longer-term trend

Lean hog futures have lost 57 per cent of their value since prices peaked at a historical high of $134 per hundredweight on July 15, 2014. As always, the news was incredibly bullish at the top. Expectations for higher hog prices ran rampant, as the industry was concerned about the PED virus outbreak and the