CHICAGO, Oct 10 (Reuters) – U.S. live cattle and lean hog futures rose more than 1 percent on Tuesday, lifted by spreading and investment fund buying backed up by robust demand from meat packers, traders and analysts said. Beef and pork packers were capturing big profit margins given higher meat prices and comparatively lower prices […] Read more
Stories by Michael Hirtzer
Hog futures plunge on spreading, weaker cash markets
CHICAGO, Oct 6 (Reuters) – Chicago Mercantile Exchange lean hog futures tumbled by about 3 percent on Friday, weighed down by spreading and abundant supplies that pressured cash markets, traders said. Front-month October and most-active December hogs bore the brunt on the selling, while deferred hog contracts were only narrowly lower. CME October hogs dropped […] Read more
U.S. cattle placements spike in August, portending more beef in 2018
CHICAGO, Sept 22 (Reuters) – Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about 3 percent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
CME Oct hog futures fall to contract low on cash declines
CHICAGO, Sept 21 (Reuters) – Chicago Mercantile Exchange October lean hog futures fell sharply to a contract low on Thursday, weighed down by a months-long decline in cash prices and abundant supplies, traders said. Deferred hog futures contracts as well as most live cattle and feeder cattle contracts also eased on technical selling and profit-taking. […] Read more
Live cattle surge on cash optimism, technical buying
CHICAGO, Sept 20 (Reuters) – Chicago Mercantile Exchange live cattle futures notched their biggest gains in 11 months on Wednesday, boosted by optimism for higher cash cattle prices and technical buying, traders and analysts said. Higher cattle sales at a weekly online auction helped to trigger the rally. Feeder cattle and lean hog futures also […] Read more
Feeder cattle hit 2-month high, hogs firm on technical buying
CHICAGO, Sept 19 (Reuters) – U.S. livestock futures gained on technical buying on Tuesday, with feeder cattle rising to a two-month high and lean hogs climbing by as much as 2.6 percent, traders said. Fresh news remained scant, but traders were more optimistic about higher cash prices for both cattle and hogs. Declining prices for […] Read more
Hog futures ease on big U.S. supplies, spreading
CHICAGO, Sept 18 (Reuters) – Chicago Mercantile Exchange lean hog futures were mostly lower on Monday, pressured by bear-spreading and big U.S. supplies that continued to weigh on cash markets, traders said. The front-month October hogs contract notched the biggest declines, easing 0.975 cent, or about 1.7 percent, to settle at 60.000 cents per pound. […] Read more
Cattle futures weaken on technicals after 2-week high
CHICAGO, Sept 14 (Reuters) – U.S. live cattle futures eased slightly in a technical selloff on Thursday after prices earlier notched a two-week high, traders said. Lean hog futures also were mostly lower, sagging under pressure from abundant supplies and declines in cash markets, while feeder cattle were modestly higher at the Chicago Mercantile Exchange. […] Read more
Cattle futures gain on technicals, cash market hopes
CHICAGO, Sept 13 (Reuters) – U.S. live cattle futures climbed more than 1 percent on Wednesday, rebounding after two straight sessions of declines on technical buying and hopes cattle fetch steady to higher prices this week in Plains cash markets, traders and analysts said. Investors continued to exit positions in nearby cattle and lean hog […] Read more
Hog futures fall to 11-month low on cash market declines
CHICAGO, Sept 12 (Reuters) – Chicago Mercantile Exchange lean hog futures tumbled to an 11-month low in a bear-spreading selloff linked to big U.S. hog supplies and declines in cash markets, traders said. Live cattle futures also eased on spreading and worries beef packers might be hesitant to pay higher prices for cattle when supplies […] Read more
