Chicago Mercantile Exchange live cattle futures tumbled 2 percent or more on Monday, with the front-month June contract falling by its 3.000 cents per pound daily limit in a technical selloff, traders said.
U.S. livestock futures were mostly higher on Wednesday, with both cattle and hogs recovering from recent lows on bargain buying and positioning ahead of government supply data, traders and analysts said.
Live cattle futures climbed to a near two-month high on Wednesday, rising for the third straight session on firm beef prices and investment fund buying, traders and analysts said.
U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world’s top producer prepare to sow another record area with soy.
U.S. lean hog futures climbed to a three-week high on Tuesday, extending gains from recent days on speculation prices would rise higher next month and on calendar spreading, traders and analysts said.
U.S. live cattle futures surged more than 2 percent on Friday, rising by as much as their 3.000 cent daily price limit on technical buying and following gains in cash cattle markets late Thursday.
U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets.
Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said.
Chicago Mercantile Exchange lean hog futures fell about 2 percent in a technical selloff on Tuesday, easing from an earlier two-month high in a reversal that could portend further declines, traders and analysts said.
U.S. lean hog futures rose to a two-month high on Monday as cash prices extended their climb on strong demand from the expanded pork processing sector, traders and analysts said.
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.
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.
Chicago Mercantile Exchange live cattle futures climbed to a two-week high on Monday, buoyed by technical buying and ideas that strong consumer demand for beef would continue, traders and analysts said.
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 qu
