Chicago | Reuters –– Chicago Mercantile Exchange cattle futures fell sharply on Friday, rounding out the week on a sour note as traders sought cover amid a steep downturn in wholesale beef prices. CME live cattle and feeder cattle futures gave back much of the gains they had made in the past two sessions, after […] Read more
U.S. livestock: Heavy meat supplies sour CME cattle, hog futures
U.S. livestock: CME live cattle, hogs continue gains for second day
Chicago | Reuters — Livestock futures traders continued to hunt for cover on their short positions Thursday, resulting in Chicago Mercantile Exchange cattle futures climbing a second day after prices slid to contract lows earlier this week. The Chicago Mercantile Exchange saw live cattle and feeder cattle futures on Wednesday bounce back strongly from contract […] Read more
U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff
Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows, […] Read more
U.S. livestock: Live cattle, feeders fall to contract lows on fund selling
Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged to contract lows on Tuesday while lean hogs also extended recent losses, pulled down by ample supplies of animals for slaughter, and meat in storage. Expectations for lower cattle prices in cash markets also weighed. Live cattle and feeder cattle had declined by […] Read more
U.S. livestock: Technical trading, holiday fears sour hog, cattle futures
Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping […] Read more
U.S. livestock: Lower cash prices again send CME hogs to six-year low
Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts drifted to a six-year low for a second straight day on Friday as plentiful seasonal supplies pulled prices for market-ready (cash) hogs lower, traders said. Spot December finished 0.4 cent/lb. lower at 55 cents, and February ended down 0.3 cent at 58.3 cents. Cash hog […] Read more
U.S. livestock: CME cattle futures fall third straight session
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.4 cents/lb., down 2.825 cents, and February 2.75 cents lower at 136.9 (all figures US$). On Thursday, packers in […] Read more
U.S. livestock: CME live cattle futures slump by 3-cents price limit
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures settled down by their 3-cents per lb daily price limit on Wednesday, in anticipation of weaker prices for market-ready, or cash cattle, traders said. Spot December and February finished at 137.225 and 139.650 cents per lb, respectively. Live cattle’s trading limit will be expanded to 4.5 cents on […] Read more
U.S. livestock: Drop in beef prices weighs on CME live cattle futures
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday, weakened by lower wholesale beef prices that could pressure cash values later this week, traders said. Spot December closed 1.450 cents per lb lower at 140.225 cents, and February 1.050 cents lower at 142.650 cents. Tuesday morning’s wholesale choice beef price sagged 61 cents […] Read more
U.S. livestock: Live cattle futures end mostly firm; hogs weaker
Chicago/Reuters – Most live cattle futures on the Chicago Mercantile Exchange gained modestly on Monday, with December pulled down by its premium to last week’s prices for market-ready, or cash, cattle, traders said. They added that funds sold the CME live cattle and lean hog December contracts, and simultaneously bought deferred trading months, in advance of […] Read more
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