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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle stretch losses to ninth straight day

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday tallied losses for a ninth day in a row, pressured by bearish market fundamentals that offset futures’ discount to cash prices, traders said. August live cattle ended down 0.25 cent/lb., to 112.475 cents (all figures US$). Most actively traded October closed 0.375 cent
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: More CME live cattle selling on weaker cash outlook

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures’ losing streak stretched to a seventh consecutive session on Tuesday in anticipation of softer cash prices by Friday, traders said. August live cattle ended down 0.175 cent/lb. to 113.25 cents (all figures US$). Most actively traded October closed 0.625 cent lower at 109.725 cents. Bids
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle weaken before USDA report

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday posted losses for a fourth consecutive session, partly on caution before Friday’s U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Analysts polled by Reuters, on average, believe that July 2016 cattle placements increased modestly compared to
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle losses mount in fund selloff

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents/lb. lower at 113.575 cents (all figures US$). October closed 1.825 cents lower at 110.575 cents and below the
(National Pork Board (U.S.) photo via ARS/USDA)
Livestock, Markets

U.S. livestock: Pork price turnaround sends CME lean hogs higher

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Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.15 cents/lb. higher at 61 cents, and December finished up 1.3 cents, to 56.75 (all figures US$). After falling almost $3/cwt the day before,
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: Hogs jump in technical rebound

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Friday, rebounding from earlier losses on technical buying and short-covering following the midday expiration of the August contract, traders and analysts said. Gains in hog futures came after prices neared last week’s roughly four-month lows, and hogs could still face more

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