Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Cattle Gain as Feedlots Bought Fewer Last Month; Hogs Rose

Cattle gained, erasing earlier losses, after a U.S. government report showed feedlots bought fewer cattle in November compared with a year earlier as dry weather reduces the amount of feed available. Hogs also gained.

Feedlots purchased 1.923 million animals in November, down 5.6 percent from the same month a year earlier, Department of Agriculture data show. Feeders that lost about $118 a head on cattle sold in November are reducing inventories, meaning fewer slaughter-ready animals will be available in March or April.

“We’re going to have very tight numbers for a while,” Lane Broadbent, a vice president at KIS Futures in Oklahoma City, said by telephone. “Looking at the cattle numbers, the herd is shrinking.”

Cattle futures for February delivery rose 0.1 percent to settle at $1.33575 a pound at 1 p.m. on the Chicago Mercantile Exchange. Prices, which touched a record $1.345 on Dec. 19, are up 10 percent this year as the U.S. herd shrunk.

Feeder-cattle futures for March settlement fell less than 0.1 percent to $1.54775 a pound on the CME.

Hog futures for February settlement gained 0.5 percent to 86.9 cents a pound in Chicago.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.