Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Friday after short-covering and bargain hunting snapped a three-day losing streak, traders said. August live cattle ended 2.425 cents per lb higher at 109.950 cents, and October closed 2.375 cents higher at 108.075 cents. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday at 2 […] Read more
U.S. livestock: Live cattle futures rally before USDA report
U.S. livestock: CME live cattle futures plunge to five-year low on supply worries
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Thursday slumped to a five-year low in anticipation of increased supplies that could further pressure wholesale beef prices, traders said. August live cattle ended 1.900 cents per lb lower at 107.525 cents, and October closed 2.375 cents lower at 105.700 cents. Affordable grain reduced cattle input costs which translates into plenty […] Read more
U.S. livestock: Lower cash, beef prices again sink CME live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures’ extended their losses on Wednesday from the previous session, led by the morning’s lower cash and wholesale pork prices, traders said. August live cattle ended 0.975 cent per lb lower at 109.425 cents, and October closed 1.400 cents lower at 108.075 cents. A small number of market-ready, or cash cattle in […] Read more
U.S. livestock: Technical selloff upends CME live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts closed sharply lower on Tuesday, undercut by technical-related selling that wiped out Monday’s gains, traders said. They said August futures led losers after investors periodically sold that contract and simultaneously bought deferred months in a trading strategy known as bear spreading. August live cattle ended 2.050 cents per lb lower […] Read more
U.S. pork packing plant boom may boost hog prices
Chicago / Reuters – The U.S. pork industry could be heading for higher hog prices as processing plants come on line at an unprecedented rate with packers investing millions of dollars to satisfy the appetite of protein-hungry China, industry analysts said. Pork packers including Seaboard Foods and Triumph Foods, who slaughter hogs and turn them into […] Read more
U.S. livestock: CME live cattle futures shrug off early selling
Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 cents. October closed 0.775 cent […] Read more
U.S. livestock: Fund selloff reverses CME live cattle rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.8 cents/lb. lower at 110.925 cents, and October closed 2.225 cents lower at 109.85 cents (all figures US$). Both […] Read more
U.S. livestock: CME live cattle climb as funds roll
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures gained for a second consecutive session on Thursday, supported by technical buying and the roll by funds out of August into deferred months, traders said. Thursday was the last of five days that funds in CME’s livestock markets that track the Standard + Poor’s […] Read more
U.S. livestock: CME live cattle rally on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday after bargain hunting and short-covering snapped the market’s two-day losing streak, traders said. “I think some people are finally catching on to the idea that maybe sentiments that this market will continue to decline is overdone,” said Doane Advisory Services […] Read more
U.S. livestock: Supply worries again sink CME live cattle to five-year low
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday sank to a five-year low for a second straight session in anticipation of weak cash prices by Friday, traders said. August ended 0.45 cent/lb. lower at 108.9 cents, and earlier posted a new contract low of 108.175 cents (all figures US$). October finished […] Read more
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