CME February 2022 lean hogs (candlesticks) with 10-, 30- and 50-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Hog futures extend rebound off 10-month low

Bargain buying supports cattle

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Friday, extending gains made a day earlier when the market rebounded from a 10-month low. The gains accelerated as prices surged through key resistance points, and the market closed near session highs. CME February lean hogs settled up 3.2 cents at 81.025 cents/lb.



CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME cattle, hogs end down on profit-taking

Futures decline despite higher beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and hog futures ended lower on Friday as profit-taking hit the livestock markets ahead of the weekend, traders said. Live cattle futures consolidated after setting contract highs this week, traders said. Most-active CME February live cattle finished 0.625 cent lower at 138.95 cents/lb. (all

CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle at two-month high on strong beef demand

December hogs follow pork lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high on Monday amid expectations for solid demand for beef, traders said. Gains in cash cattle prices last week helped support futures, traders said. Meat packers killed an estimated 121,000 cattle at U.S. slaughtering plants on Monday, unchanged from a week ago,


CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Profit-taking knocks feeder cattle off high

CME lean hogs seen consolidating

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45

CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for


CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: Lean hogs, live cattle end lower on uncertain demand

'Labour availability' still an issue for packers

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly three per cent rise (all

CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs climb on strong cash

Live cattle also higher

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose nearly three per cent on Monday on technical buying and relatively strong cash hog markets, analysts said. CME’s benchmark October hog contract settled up 2.475 cents, or 2.9 per cent, at 89 cents/lb., pushing just above chart resistance at the contract’s 100-day


CME August 2021 live cattle (candlesticks) with Bollinger bands (20,2) and October 2021 live cattle (dark red line). (Barchart)

U.S. livestock: CME live cattle drift lower

Lean hog futures end mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures drifted lower on Thursday in lacklustre trade, with disappointing weekly export sales data and softening wholesale beef cutout prices adding pressure, analysts said. “The fact that the cutout on beef has been drifting lower just doesn’t give the market a lot of confidence that packers

CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and brown lines) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Lean hog futures touch one-week high

CME August live cattle up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a one-week high on Tuesday in a rebound from recent losses, while live cattle futures were mixed. The hog market is recovering after dropping last week to a nine-week low, traders said. Hopes for improved export demand helped support prices, traders said. CME August