Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures settled down their three cents per pound daily price limit for a fifth straight day on Wednesday, led by the recent plunge in cash feeder cattle prices, traders said. January and March closed at 216.6 cents and 212.25 cents, respectively (all figures US$). […] Read more
U.S. livestock: CME feeder cattle extend limit-down string to fifth day
U.S. livestock: CME feeder cattle drop limit fourth straight session
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures finished down their three cents per pound daily price limit on Tuesday for a fourth day in a row following sharply lower cash prices, traders said. Fund selling, sell stops and CME live cattle’s subsequent limit-down settlement further pressured feeder cattle contracts. The inability […] Read more
U.S. livestock: CME live cattle end lower
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended lower on Monday on fund liquidation and bearish fundamentals, traders said. December ended down 0.075 cent per pound at 161.975 cents and February ended 0.425 cent/lb. lower at 161.75 cents (all figures US$). Even though the overall supply of U.S. cattle is the lowest […] Read more
U.S. livestock: CME feeder cattle, lean hogs end lower
Chicago | Reuters — CME live cattle ended lower Friday as fund selling and weak cash cattle prices weighed, traders said. Lower U.S. stocks and weak crude oil also pressured the overall livestock futures market, said Lane Broadbent of KIS Futures. “We are in a tough time of the year as far as beef demand […] Read more
U.S. livestock: CME feeder cattle future tumble three-cent limit
Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their three cents per pound maximum daily price limit Thursday on sell stops and deferred-month live cattle market selling, traders said. The day’s corn price gains hastened CME feeder cattle losses. Traders cited the exchange’s slipping feeder cattle index, which reflected […] Read more
U.S. livestock: Live cattle, hogs end mixed after volatile session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed after choppy action on Wednesday as investors searched for clear fundamental direction, traders said. December live cattle closed up 0.075 cent per pound at 162.475 cents, and February was down 0.2 cent, to 162.85 cents (all figures US$). Prices for market-ready (cash) cattle […] Read more
Strong hog sector facing uncertain 2015
CNS Canada — Western Canadian hog farmers are facing an uncertain future from a marketing perspective heading into 2015, with a number of factors on both the supply and demand sides of the equation that could swing prices one way or the other. “After a very profitable 2014… we’re at pivot point,” said Tyler Fulton, […] Read more
U.S. livestock: CME live cattle break losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday on short-covering, ending five straight losing sessions, led by bearish fundamentals, traders said. December live cattle closed 0.95 cent per pound higher at 162.4 cents, and February was at 163.05 cents, up 1.175 cents (all figures US$). Investors who had recently […] Read more
U.S. livestock: CME live cattle see biggest one-day percentage loss in three months
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell almost two per cent on Monday, their biggest daily percentage loss since early October, partly pressured by bearish fundamentals, traders said. Sell stops and active fund selling accelerated losses that dropped December and February by their maximum three cents per pound daily price limit, […] Read more
U.S. livestock: CME live cattle hit seven-week low in bearish fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to their lowest point since mid-October after the steep drop in cash and wholesale beef prices, traders said. December ended down two cents per pound at 164.45 cents, and February 2.1 cents lower at 164.875 cents (all figures US$). This week, market-ready […] Read more
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