Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live cattle […] Read more
U.S. livestock: CME live cattle rebound on cash, beef prices
U.S. livestock: Fund selloff sinks CME live cattle to 4-month low
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday’s bearish U.S. government cattle report, traders said. Last Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed lots […] Read more
U.S livestock: CME live cattle futures ease before USDA report
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished the week with losses as investors tweaked positions ahead of the U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT), said traders. Analysts, on average, expect the report to show 7.7 percent more cattle were placed into U.S. feedlots last […] Read more
U.S. livestock: CME live cattle slip on softer cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle on Feed report. “We saw a small rally yesterday, and a steady opening today, […] Read more
U.S. livestock: Short-covering pares recent CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled higher after short-covering helped recoup some of the market’s recent cash price related losses, traders said. A few investors adjusted positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday. December live cattle finished 0.7 cent/lb. higher at […] Read more
U.S. livestock: Lower cash prices drop CME hogs to one-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday slid to their lowest level in a month after downward-trending cash prices triggered sell orders, traders said. Fund selling developed after some contracts drifted below technical support areas. December hogs ended 2.325 cents/lb. lower at 59.975 cents, and below the 100-day moving average of […] Read more
U.S. livestock: Live cattle mostly lower as beef prices ease
Chicago | Reuters — U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded February futures fell for a […] Read more
U.S. livestock: Cattle, hog futures mixed on spreading, cash declines
Chicago | Reuters – U.S. livestock futures were widely mixed on Thursday, with nearby live cattle and lean hog contracts hitting multi-week lows in bear-spreading as traders moved into deferred positions. Worries of weaker prices in cash markets for cattle and hogs further weighed on front-month contracts while the third of the five-day Standard & […] Read more
U.S. livestock: Live cattle futures slump 3rd straight session
Chicago | Reuters – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred months. […] Read more
U.S. livestock: Cash price unease weakens CME live cattle futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February and […] Read more
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