(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle mostly weaker on consolidation

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in modestly bearish territory on Friday amid pre-weekend consolidation after investors digested this week’s cash prices, said traders. “The market is priced right with this week’s cash. We’ll wait until next week to see if packers are short on supplies or need cattle,”

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump, cash prices disappoint

Chicago | Reuters –– Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months in a trading strategy known


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs rise on stronger cash markets

Chicago | Reuters — Chicago Mercantile Exchange lean hogs climbed for the second straight session on Wednesday, buoyed by short-covering and rising cash hog prices, traders and analysts said. Live cattle and feeder cattle futures each were little-changed in relatively light-volume trading in livestock futures ahead of a U.S. Department of Agriculture monthly grain supply




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Most CME live cattle futures gain on spreads

Chicago | Reuters — Chicago Mercantile Exchange live cattle gained modestly on Wednesday during a trading strategy known as bear spreading in which investors sold October futures and simultaneously bought deferred months. Some market participants used the spreads to avoid possible deliveries on Monday evening against the October contract. Profit-taking and uncertainty about this week’s


A bacon-wrapped pork chop. (PorkBeInspired.com)

U.S. livestock: Cash, pork prices send CME hogs higher

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second day in a row on Tuesday, strengthened by upward-trending prices for market-ready, or cash, hogs and the morning’s firmer wholesale pork values, said traders. They said October futures led advances after investors actively bought that contract and simultaneously sold deferred months,

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Bargain hunters, fund buying boost CME hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished sharply higher on Monday, fueled by bargain buying in the technically oversold market, said traders. They said funds helped accelerate market advances after contracts punched through technical resistance levels. October hogs, which will expire on Oct. 13, ended 1.85 cents/lb. higher at 57.25 cents,