Chicago | Reuters – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday is […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle futures
U.S. livestock: Live cattle futures retreat from 5-month high
Chicago | Reuters – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
U.S. livestock: CME live cattle retreat from five-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
U.S. livestock: Cattle futures rise again on cash hopes
Chicago | Reuters — U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120/cwt, which was up from feedlot […] Read more
U.S. livestock: Live cattle, hogs hit contract highs on fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog futures added to those bets, […] Read more
U.S. livestock: Cattle surge to contract highs on higher cash prices
Chicago | Reuters –– U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some contracts […] Read more
U.S. livestock: CME live cattle rise on firmer cash price expectations
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Friday gained for a second straight day, guided by expectations for steady-to-higher cash prices by late Friday, traders said. October live cattle, which expire on Oct. 31, finished 1.225 cents/lb. higher at 115.375 cents (all figures US$). Most actively traded December closed up […] Read more
U.S. livestock: CME live cattle hit three-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached their highest level in nearly three months on Thursday, fueled by short-covering and renewed optimism for this week’s cash prices, said traders. October live cattle, which will expire on Oct. 31, finished 1.125 cents/lb. higher at 114.15 cents (all figures US$). Most actively traded […] Read more
U.S. livestock: CME hogs rise on firmer cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday, helped by modest cash and wholesale pork price gains, said traders. Investors unwound some of Tuesday’s long CME live cattle short lean hog spreads that, along with buy stops and speculative buying, sent some deferred hog contracts to new highs. December […] Read more
U.S. livestock: Cash price optimism buoys CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed sharply higher on Tuesday, spurred by short-covering in anticipation of steady-to-better cash prices later this week, said traders. Fund buying contributed to advances after some contracts topped technical resistance levels on their way to new highs. October live cattle, which will expire on Oct. 31, […] Read more
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