Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday in thin post-Thanksgiving Day volume on positioning during the last trading day for November, traders said. December closed down 0.375 cent per pound at 168.875 cents, and February was at 169.225 cents, 0.45 cent lower (all figures US$). April and June […] Read more
U.S. livestock: CME live cattle end mixed on month-end positioning
U.S. livestock: CME live cattle fall, hogs mixed before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Wednesday after digesting this week’s prices for market-ready or cash cattle ahead of Thursday’s U.S. Thanksgiving holiday, traders said. December closed 0.9 cent per pound lower at 169.25 cents, and February 1.35 cents lower at 169.675 cents (all figures US$). On Wednesday, […] Read more
U.S. livestock: CME live cattle up with beef prices; hogs sag
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session, lifted by short-covering in response to strong wholesale beef quotes, traders said. December closed 0.65 cent per pound higher at 170.15 cents; February rose one cent, to 171.025 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME live cattle slump on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower Monday, weighed down by profit-taking and fund liquidation, traders said. December closed 1.4 cents per pound lower at 169.5 cents, and February off 2.125 cents at 170.025 cents (all figures US$). Investors initially sold February and simultaneously bought December, which is known as […] Read more
U.S. livestock: CME live cattle rise into USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Friday on positioning before this week’s cash prices and the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Most analysts expect Friday’s report to show cattle placements in October declined from last year. USDA will simultaneously issue […] Read more
U.S. livestock: CME hogs fall on profit-taking; live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower Thursday on profit-taking and fund selling that erased Wednesday’s gains, traders said. December closed down one cent per pound at 90.775 cents, and February 0.75 cent lower at 90.9 cents (all figures US$). Anticipation of weaker-trending cash and wholesale pork prices stirred bear spreads, […] Read more
U.S. livestock: CME hogs end higher after early losses pared
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Wednesday on short-covering and fund buying that trumped initial selling, traders said. December closed up 0.225 cent per pound at 91.775 cents, and February 0.525 cent higher at 91.65 cents. CME hogs rose despite lower cash hog and wholesale pork prices, partly due […] Read more
U.S. livestock: CME hogs slide with cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday, weighed by the drop in prices for slaughter-ready or cash hogs and pork at wholesale, traders said. December closed 1.45 cents per pound lower at 91.55 cents, and February down 1.5 cents at 91.125 cents (all figures US$). The morning’s average hog […] Read more
U.S. livestock: CME live cattle rise with beef quotes
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Monday, helped by the morning’s strong wholesale beef values and last week’s record-high cash prices, traders said. Monday morning’s choice wholesale beef price jumped $2.03 per hundredweight (cwt) from Friday to $254.19 (all figures US$). Select climbed $1.53 to $239.82, the U.S. Department […] Read more
U.S. livestock: Cash price expectations lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Friday while anticipating strong prices for market-ready or cash cattle this week, traders said. December closed 0.55 cents per pound higher at 170.2 cents, and February at 171.275 cents up 0.25 cents (all figures US$). Processors are buying cattle for next week, […] Read more
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