Cattle futures climbed on speculation that meatpackers are increasing purchases of animals to meet rising beef demand. Hogs rose.
Cattle futures fell on signs of increasing supplies of animals in the U.S. Hog prices also dropped.
Hog futures rose to the highest in almost two weeks on signs of shrinking U.S. pork supplies and the outlook for increasing demand. Cattle prices were little changed.
Cattle futures rose the most in two weeks on signs of constrained supplies in the U.S., the world’s biggest beef exporter. Hogs also climbed.
Cattle futures climbed for the first time in three days on signs of increasing demand from U.S. meat processors. Hog prices also rose.
Keith Kisling normally has 1,500 head of cattle on his land near the Oklahoma-Kansas border. Last year’s U.S. drought changed all that. For the first time in four decades as a farmer and rancher, he has none.
Cattle futures fell for a fourth straight day on speculation that U.S. meat demand will slow after the Labor Day holiday as the weather cools.
Cattle rallied to a two-week high on signs of increasing demand for U.S. beef. Hog prices were little changed.
Cattle futures dropped on signs that demand for animals is slowing from U.S. processors. Hogs also slumped.
Cattle futures rose on signs of increasing demand for U.S. beef and shrinking animal supplies. Hogs fell.
"Some packers are going to be aggressively trying to buy."
- Lane Broadbent on May 06, 2013