Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher Thursday in anticipation of steady or better prices for slaughter-ready or cash cattle this week, traders said. December closed 2.175 cents per pound higher at 169.925 cents, and February at 171.025 cents/lb. up 1.45 cents (all figures US$). Packers may have to compete […] Read more
U.S. livestock: CME live cattle rise on cash price outlook
U.S. livestock: Beef quotes boost CME live cattle futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday following a snapback in wholesale beef prices, traders said. December closed up 0.5 cent per pound at 167.75 cents, and February 1.175 cents higher at 169.575 cents (all figures US$). The morning’s choice wholesale beef price rose $1.70 per hundredweight (cwt) […] Read more
U.S. livestock: CME hogs futures end higher with pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Tuesday in response to the morning’s wholesale pork price bounce, traders said. December and February closed up 0.35 cent per pound at 89.9 cents and 89.45 cents, respectively (all figures US$). Tuesday morning’s wholesale pork price jumped $2.97 per hundredweight (cwt) from Monday […] Read more
U.S. livestock: Weather talk extends CME hog futures advances
Chicago | Reuters — Chicago Mercantile Exchange lean hogs contracts gained for a third straight session, partly on speculation that early wintry weather seeping into the U.S. Midwest could disrupt hog production, traders said. Heavy snowfall tends to snarl transportation of livestock while prolonged periods of extreme cold tend to slow animal weight gains and […] Read more
U.S. livestock: CME live cattle futures end lower on weaker cash trade; hogs edge up
Chicago / Reuters – Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by lower cash cattle prices and weaker overall commodities market, traders said. “The morning beef prices were not good, but commodities in general had a rough day and cattle aren’t immune to those changes,” said Dominic Varricchio, commodities broker at Schwieterman, Inc. CME live cattle futures […] Read more
U.S. livestock: CME live cattle futures hit record high; hogs slide
Chicago / Reuters – Chicago Mercantile Exchange live cattle reached a record high on Thursday, helped by futures’ discounts to last week’s cash cattle prices and short-covering after recent market losses, traders said. October, which will expire on Friday, closed up 1.500 cents per lb at 170.500 cents, and December was at 167.325 cents 0.575 cent higher. CME live cattle buying […] Read more
U.S. livestock: CME live cattle finish down, but off session lows
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures sagged Wednesday on profit-taking and fund selling, but strong wholesale beef values helped pull prices off morning lows, traders said. October closed down 0.200 cent per lb at 169.000 cents, and December was 1.025 cents lower at 166.750 cents. The morning’s choice wholesale beef price, or cutout, climbed $2.49 per hundredweight (cwt) from […] Read more
U.S. livestock: CME lean hogs turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through […] Read more
U.S. livestock: CME hogs limit-down as stock market slides
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed down their three-cent-per-pound maximum daily price limit led by Wall Street’s more than two per cent fall, traders and analysts said. U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing […] Read more
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