Chicago Mercantile Exchange (CME) cattle futures extended their rally on Wednesday, as market hopes for continued gains in the cash market gave prices a strong boost, market analysts said.
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U.S. livestock: Cattle futures extend rally on cash market hopes; hogs lower
U.S. cattle: Cattle futures bounce higher on technical trading, hogs mixed
Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid a flurry of technical trading, weakness in corn futures Cv1 and strength in the wholesale beef pricing, market analysts said.
Klassen: Yearling price trend stalls while calves ratchet higher
Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.
U.S. livestock: CME livestock futures mostly lower on technical trading
Chicago Mercantile Exchange livestock futures closed mostly lower on Monday, as market participants sought profits and continued to adjust their positions as part of the so-called Goldman roll, traders said.
U.S. livestock: CME lean hog futures touch three-week low
CME live cattle futures also declined in range-bound trade
Chicago Mercantile Exchange lean hog futures fell on Wednesday for a third straight session in largely technical trade, analysts said, with the benchmark April contract LHJ24 dipping to a three-week low.
U.S. livestock: Hogs end down after setting contract highs
CME cattle futures advance
Chicago Mercantile Exchange lean hog futures ended lower on profit-taking on Tuesday after the market set contract highs in deferred months, analysts said.
Klassen: Grassers and herd rebuilding confidence keeps feeders elevated
Major grazing regions of Western Canada receive more than double of normal precipitation in last month
The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.
U.S. livestock: Lean hogs retreat in nearby contract after rally
Cattle futures declined in a retreat from rallies on Friday
Chicago Mercantile Exchange lean hog futures on Monday ended lower in the front-month contract in a setback from strong recent gains, traders said.
U.S. livestock: Livestock futures rally on technical trading, wholesale pricing
Pork cutout prices firmed, particularly for bellies
Chicago Mercantile Exchange cattle futures rebounded on Friday, capping a volatile week of trading with a flurry of technical moves amid signs that consumer demand for beef remains strong.
U.S. livestock: Cattle futures continue to slide on profit-taking
Traders weigh potential impacts of Texas Panhandle wildfire's effects on cattle supply
Chicago Mercantile Exchange feeder cattle futures fell again on Thursday, amid ongoing profit-taking as some market participants sought cover as cash prices continue to stay firm, traders said.
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