Chicago | Reuters –– U.S. cattle futures eased on Monday, with live cattle shedding two per cent and feeders dropping for the fourth time in the last five sessions in a technical selloff, traders and analysts said. Investors continued to take profits on long positions as cattle declined from their more than one-year highs on […] Read more
U.S. livestock: Cattle futures ease in technical selloff
U.S. livestock: Cattle fall on profit-taking reversal
Chicago | Reuters — U.S. live cattle and feeder cattle futures declined two per cent or more on Tuesday, reversing from earlier gains as traders took profits on concern that surging prices could hurt beef demand, traders and analysts said. Lean hog futures were higher at the Chicago Mercantile Exchange but finished well off their […] Read more
U.S. livestock: Cattle mostly sharply higher on roll, beef gains
Chicago | Reuters — U.S. live cattle futures were mostly sharply higher on Monday, rising as investors rolled positions forward and as wholesale beef prices extended gains, traders and analysts said. Feeder cattle and lean hogs also climbed at the Chicago Mercantile Exchange, with all three recouping a portion of the losses notched on Friday […] Read more
Klassen: Feeder cattle markets erupt
Western Canadian feeder cattle markets traded $10-$13 above week-ago levels and in some cases as high as $20. Buying interest exploded early in the week as adverse weather wreaked havoc across the U.S. southern Plains. Demand for replacements continued to intensify as the fed cattle prices surged. Alberta packers experienced strong competition from buyers south […] Read more
U.S. livestock: CME live cattle limit down on profit-taking
Chicago | Reuters –– Chicago Mercantile Exchange nearby live cattle futures on Friday finished down their three-cent daily price limit, hit by profit-taking after spiking this week to new highs, said traders. Friday was the first of five days that funds in CME’s livestock markets that track the Standard + Poor’s Goldman Sachs Commodity Index […] Read more
U.S. livestock: CME live cattle up third straight session
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.25 cent/lb. higher at 131.3 cents, and spiked by its 4.5-cent expanded trading limit and a new high of 134.55 […] Read more
U.S. livestock: Live cattle end higher, but off session tops
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Tuesday on fund buying, short-covering and solid beef demand that briefly lifted the June contract to its three-cent daily price limit, said traders. They said profit-taking and caution before this week’s cash prices pulled futures from new contract highs. June ended 2.925 cents/lb. […] Read more
U.S. livestock: Live cattle hit one-year high on fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month’s final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures’ discounts to this week’s cash prices helped drive contracts to fresh highs. Funds […] Read more
U.S. livestock: Cattle rise as cash prices surge
Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. April […] Read more
U.S. livestock: Cash prices propel live cattle to one-year high
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their three-cents-per-pound daily price limit (all figures US$). April […] Read more