Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, with strength from the U.S. stock market rally that was partly fueled by the rebound in crude oil prices, traders said. February live cattle closed up 1.6 cents/lb. to 133.025 cents, and April ended 1.175 cents higher at 133.4 (all figures […] Read more
U.S. livestock: Equities upswing pulls CME live cattle higher
U.S. livestock: Market uncertainty reverses CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, erasing Friday’s advances after investors struggled to find clear direction amid a host of market influences, traders said. February live cattle closed down 0.65 cent/lb. to 131.425 cents, and April ended 0.85 cent lower at 132.225 (all figures US$). “Uncertainty is […] Read more
U.S. livestock: CME live cattle rally ahead of USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained for a second day in row on Friday, supported by follow-through buying after contracts settled up by their 3-cent-per-lb daily price limit on Thursday, said traders. Investors also tweaked positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CT. At […] Read more
U.S. feedlot cattle count not as low as expected
Chicago | Reuters — Cattle placed into U.S. feedlots in December slipped one per cent from a year earlier to their lowest level since 1998, based on a U.S. Department of Agriculture report Friday, but were slightly above average industry expectations. Feedlots finally purchased less-expensive calves, or feeder cattle, that had grown heavier on healthy […] Read more
U.S. livestock: Equities spike drives CME live cattle limit-up
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed to their three cents/lb. daily price limit on Thursday following a turnaround in crude oil prices that helped pare recent deep U.S. stock market losses. February and April live cattle closed at 130.25 and 131.175 cents, respectively. Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: Retreating equities undermine CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday, pressured by falling U.S. stock futures amid the unrelenting slide in crude oil prices, traders said. February live cattle ended 2.05 cents/lb. lower at 127.25 cents, and April closed down 1.975 cents at 128.175 (all figures US$). Bullish CME live cattle […] Read more
U.S. livestock: Bargain hunting pares CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Tuesday, driven by short-covering and bargain-hunting that helped contracts recover some of their lost ground over the past two sessions, traders said. February live cattle ended 1.75 cents/lb. higher at 129.3 cents, and April closed up 1.65 cents, to 130.15 (all figures […] Read more
U.S. livestock: Equities rout plunges CME live cattle limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled down by their three-cent/lb. daily price limit on Friday after U.S. stock futures plummeted amid global economic jitters, traders said. February live cattle and April closed at 127.55 cents and 128.5 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
U.S. livestock: CME live cattle sag despite supportive fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, dragged down by technical selling that offset higher cash and wholesale beef prices, traders said. February live cattle closed 1.55 cents/lb. lower at 130.55 cents, and April had fallen 1.525 cents, to 131.5 cents (all figures US$). “People were disappointed that […] Read more
U.S. livestock: Beef price rebound pulls CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price, […] Read more
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