Chicago / Reuters – Chicago Mercantile Exchange live cattle ended lower on Friday, the last trading session of the month, with pressure from uneasiness about remaining prices for remaining market-ready, or cash, cattle by late Friday evening, traders said. Spot October, which expired at noon CDT (1700 GMT), settled 0.875 cents per cwt lower at 139.250 […] Read more
U.S. livestock: Live cattle futures slide on final trading session
U.S. livestock: Steep drop in pork belly prices sink CME lean hog futures
Chicago / Reuters – Chicago Mercantile Exchange lean hog futures ended lower on Thursday, pressured by downward-trending cash and wholesale pork prices, traders said. December closed down 1.525 cents per lb to 59.875 cents, and February was 1.500 cents lower at 63.000. Cash hog prices in the Iowa/Minnesota hog market on Thursday afternoon sagged $1.25 […] Read more
U.S. livestock: Live cattle futures rally by 3-cents/lb price limit
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb daily price limit on Wednesday, boosted by short-covering in response to improved wholesale beef demand and Tuesday’s better-than-expected preliminary cash prices, traders said. Spot October and December ended at 139.675 and 143.600 cents per lb. Live cattle’s trading limit […] Read more
U.S. livestock: CME live cattle close lower, but up from session lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved, following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents/lb. lower at 136.675 cents, but is currently down 0.675 cents, to 138.875, in electronic trading […] Read more
U.S. livestock: CME live cattle, hogs sag while digesting meat warnings
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can […] Read more
U.S. livestock: CME live cattle finish mostly weak before USDA report
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed down slightly on Friday after investors tweaked positions in advance of Friday’s government’s monthly Cattle-On-Feed report at 2 p.m. CT. Analysts expect the report to show fewer cattle entered feedlots last month than in September 2014. “We were getting a bit over-bought and […] Read more
U.S. livestock: CME live cattle close higher, hogs lower
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained on Thursday in anticipation of an increase in prices for market-ready (cash) cattle by Friday, traders said. Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. USDA will issue the monthly cold storage report on Thursday at 2 p.m. […] Read more
U.S. livestock: CME live cattle end mixed, hogs weaker
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday stirred by profit-taking and positioning before the sale of cash cattle as early as Thursday, traders said. Spot October closed 0.275 cent/lb. lower at 139.975, and December down 0.025 cent to 143.15 (all figures US$). February and April closed up 0.275 […] Read more
U.S. livestock: Higher beef prices extend CME live cattle advances
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures landed in positive territory for a third day in a row on Tuesday, driven by upward-trending wholesale beef values that may bode well for cash prices later this week, traders said. Spot October closed 1.975 cents/lb. higher at 140.25, and December up 1.525 cents, to […] Read more
U.S. livestock: CME live cattle up again as beef quotes rise
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher for a second straight session Monday, supported by the morning’s wholesale beef price increase, traders said. Spot October closed 2.325 cents/lb. higher at 138.275, and December up 2.225 cents to 141.65 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed […] Read more
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