CHICAGO, Aug 10 (Reuters) – Chicago Mercantile Exchange lean hog futures gained as much as 2 percent on Wednesday, reversing from earlier losses on strength from technical buying and a rebound in wholesale pork prices, traders said. Hog futures tested life-of-contract lows reached last week but did surpass those lows, sparking short-covering. The opposite was […] Read more
Stories by Michael Hirtzer
Big U.S. cattle placements in May point to more meat in Q3
CHICAGO, June 24 (Reuters) – Cattle placed in U.S. feedlots for fattening surged by 10 percent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third quarter of 2016. However, analysts polled by Reuters predicted the spike in placements. […] Read more
Cattle tumble, hogs decline on liquidation after Brexit
CHICAGO, June 24 (Reuters) – U.S. live cattle tumbled more than 2 percent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
Cattle jump in technical rebound as corn extends losses
CHICAGO, June 23 (Reuters) – U.S. live cattle rose sharply on Thursday, extending gains to the third session in a row on technical buying and as falling corn prices reduced feed costs for fattening animals, traders and analysts said. Feeder cattle climbed to a 1-1/2 week high as corn slid to a six-week low while […] Read more
Hogs tumble most since March on technical selloff
CHICAGO, June 22 (Reuters) – U.S. lean hog futures plummeted by 2 percent or more on Wednesday, notching their largest daily declines since March on technical selling and investment fund liquidation, traders and analysts said. Traders also were taking profits in hogs following their 1-1/2-year highs touched last week and ahead of a quarterly U.S. […] Read more
Live cattle futures fall to 4-year low on beef price losses
CHICAGO, June 20 (Reuters) – U.S. live cattle futures tumbled to the lowest levels in more than four years on Monday as weak cash cattle prices and declining beef values underscored worries of flagging demand, traders and analysts said. Feeder cattle extended losses to a fresh three-year low while lean hogs trimmed declines to finish […] Read more
Cattle ease on cash weakness as lean hogs gain
CHICAGO, June 16 (Reuters) – Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts <0#FC:> fell to lifetime lows, knocking out what had been their previous […] Read more
Cattle plummets on surging feed costs, demand worries
CHICAGO, June 13 (Reuters) – U.S. live and feeder cattle futures each plummeted by their daily trading limits on Monday, declining in a technical selloff triggered in part by rising animal feed prices, traders and analysts said. Losses in feeder cattle of roughly 3 percent outpaced declines in the more actively traded live cattle futures […] Read more
Hogs fall most in 1-1/2 months on technical selloff
CHICAGO, May 18 (Reuters) – U.S. lean hog futures fell sharply on Wednesday, led by declines in the front-month June contract on technical and fund selling that was linked to an expected slump in the cash hogs market, traders and analysts said. The June contract settled 1.525 cents lower at a one-week low of 81.225 […] Read more
Live cattle firm on short-covering, beef gains
CHICAGO, May 17 (Reuters) – U.S. live cattle futures edged higher on Tuesday, lifted by technical buying and short-covering tied to recent gains in wholesale beef prices, traders and analysts said. But cattle failed to surpass the one-month highs reached on Thursday, triggering concerns the rally that started at the end of April was running […] Read more
