Bob's Feed
Aug 1, 2011

Cattle at 2-week high on supply, exports

CHICAGO, Aug 1 (Reuters) – U.S. cattle futures set a
two-week high on Monday lifted by a sharp drop in this week’s
cattle supplies and on news of active beef exports last week,
traders said.

Hogs finished higher with the lead August the highest in
3-1/2 months as hot weather has slowed hog marketings and
pushed up cash prices.

Jul 19, 2011

Hogs at 3-mo high as heat wave continues

CHICAGO, July 19 (Reuters) – U.S. hog futures rose more
than 1 percent on Tuesday to a three-month high as hot weather
slowed hog marketings at a time when pork plants are hustling
to supply an active pork export market, traders said.

Cattle futures finished higher and recovered from Monday’s
losses on higher beef prices, strong beef exports and solid
gains in equities.

Jul 18, 2011

Hogs, cattle fall as debt talks continue

CHICAGO, July 18 (Reuters) – U.S. hog futures closed weaker
on Monday, but well above the day’s lows, pressured by the
ongoing debt talks in Washington that raised worries the United
States may default.

Cattle futures likewise finished lower, pressured by the
debt talks and a heat wave gripping much of the country. Hot
weather can discourage cookouts, which can hurt beef sales.

Jul 15, 2011

Heat wave, exports lift hogs

CHICAGO, July 15 (Reuters) – U.S. hog futures closed higher
for the day and the week due to hot weather and increased pork
export business, analysts said.

Cattle futures struggled, closing mixed with August up
slightly to stay on par with this week’s cash market, while
October was lower, pressured by debt talks in Washington and
technical selling.

Jul 14, 2011

US cattle at 2-wk low as heat wave builds

CHICAGO, July 14 (Reuters) – U.S. cattle futures dropped
2.5 percent on Thursday to a two-week low on worries that hot
weather over much of the country will hurt beef sales as
consumers switch to lighter fare such as salads, traders said.

Hog futures finished lower as heat may hurt pork sales
too.

Fund and technical selling developed after the August and
October cattle dropped under their respective 100-day moving
averages.

Jul 13, 2011

U.S. hogs higher on Midwest heat, China

CHICAGO, July 13 (Reuters) – U.S. hog futures closed higher
on Wednesday, with benchmark August setting a 10-week high, as
a stifling Midwest heat wave may slow hog marketings and drive
up prices, Chicago traders said.

In addition, demand for U.S. pork is strong, with exports
above a year ago and talk that China is hungry for more.

Jul 12, 2011

U.S. hogs lower as China purchases awaited

CHICAGO, July 12 (Reuters) – U.S. hog futures closed lower
on Tuesday on profit taking a day after the market rose the
daily limit due to talk of huge pork sales to China.

Pork sales to China were still expected, but on Tuesday,
investors chose to pocket some profits from Monday’s gains
until the business can be confirmed, traders said.

Jul 11, 2011

Hogs up limit on talk China buys pork

CHICAGO, July 11 (Reuters) – U.S. hog futures rose the
3-cent daily limit early on Monday as new talk circulated that
China bought a large amount of U.S. pork for delivery beginning
in August and going into the autumn, said Chicago traders and
cash dealers.

The quantity of the purchases was not available, but
sources said the deal involved split carcasses.

Jul 8, 2011

Cattle fall after 2-month high, hogs down

CHICAGO, July 8 (Reuters) – U.S. cattle futures fell on
Friday on speculative and fund selling prompted by weak U.S.
jobs data and talk of slowing beef and cattle sales, but catlte
futures were up 1.6 percent for the week, .

Hogs also finished lower for the day in active trading,
pressured by the slowdown in U.S. hiring and by lower cash hog
and pork markets. But hogs also were higher for the week.

Jul 7, 2011

Hogs at 2-week high on Russia export talk

CHICAGO, July 7 (Reuters) – U.S. hog futures closed at a
two-week high on Thursday, with actively traded August up
nearly 3 percent, supported by talk of pork sales to Russia and
by bullish job news that lifted equities and other
commodities.

Equally important was investment bank Goldman Sachs giving
a positive nod to commodities.

    • About Bob

      "I cover the livestock and meat industries, which include cattle, hog, and poultry markets as well as the meat processing companies, such as Tyson Foods, Smithfields Foods, JBS, Pilgrim's Pride and Sanderson Farms. My coverage include meat exports, animal diseases and government regulations that affect the meat industry."
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