Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Monday, helped by their discounts to cash prices and technical buying, traders said. Thinly-traded July, which expired at noon CT, settled down 0.2 cent/lb. at 92.4 cents and almost par with CME’s hog index for July 13 at 92.78 cents (all figures […] Read more
U.S. livestock: Lean hogs draw support from cash price discounts
U.S. livestock: Short covering lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Friday, aided by short covering and futures’ discounts to this week’s better-than-expected cash prices, said traders. CME livestock market funds that follow the Standard + Poor’s Goldman Sachs Commodity Index sold, or “rolled,” August futures and simultaneously bought October on the fifth […] Read more
U.S. livestock: Beef, profit-taking weaken CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday eased from Wednesday’s three-cent per pound limit-up settlement, pressured by profit-taking and seasonally struggling wholesale beef values, said traders. They said futures’ discounts to preliminary cash prices limited market losses. CME livestock market funds that track the Standard + Poor’s Goldman Sachs Commodity […] Read more
U.S. livestock: CME live cattle limit up on cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday settled up the three cents per pound daily price limit, driven by fund buying and futures’ discounts to stronger-than-expected cash prices, said traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously […] Read more
U.S. livestock: Fund buying rallies cattle futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Tuesday reversed Monday’s losses, supported by short-covering and technical buying, said traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” August futures and simultaneously bought October on the second of five days of the Goldman Roll process. […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, weakened by sell stops and uncertainty regarding cash prices later this week, traders said. Funds that track the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously bought October on the first of five […] Read more
U.S. livestock: Cattle rise in rebound on technical buying, cash trades
Chicago | Reuters — U.S. live cattle futures gained more than one per cent on Thursday, rebounding from a two-month low on chart-based technical buying and slightly firmer trades in cash cattle markets, traders said. Most-active CME August live cattle knocked out Wednesday’s session low early in Thursday’s session but found downside support near its […] Read more
U.S. livestock: Cattle slump to two-month low
Chicago | Reuters — U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, while […] Read more
U.S. livestock: Hogs rise on pork gains
Chicago | Reuters — U.S. lean hog futures climbed to fresh life-of-contract highs on Monday, gaining on bear-spreading as wholesale pork prices reached the highest levels in more than two years. Dealers continued to buy back Chicago Mercantile Exchange July hog contracts and roll positions into deferred months such as most-active August hog futures, traders […] Read more
U.S. livestock: Hogs hit 2-1/2-year high on packer demand
Chicago | Reuters — U.S. lean hog futures surged to a 2-1/2-year high on Friday as recent gains in cash hog prices prompted investor buying in futures, traders and analysts said. Rising wholesale pork values underscored strong meat demand and also bolstered futures while rising temperatures forecast next week could slow the rate of weight […] Read more
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