Chicago | Reuters — U.S. live cattle futures jumped one per cent to the highest prices in about four weeks on Tuesday, boosted by technical buying and gains in wholesale beef prices, traders said. Feeder cattle futures followed live cattle higher at the Chicago Mercantile Exchange, while lean hogs were narrowly lower in light technical […] Read more
U.S. livestock: Cattle hit four-week high on beef gains
U.S. livestock: CME live cattle rebound on cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures halted a two-day slide on Friday, sparked by improved wholesale beef values and better-than-expected cash prices, said traders. They said buy stops and technical buying furthered live cattle market advances. CME livestock markets will be closed on Monday in observance of the Presidents Day holiday. […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slipped for a second straight day, amid investor caution while waiting for remaining cash cattle to change hands by Friday, said traders. Short-covering and futures’ discounts to early-week cash returns provided downside market support, they said. February live cattle closed down 0.25 cent/lb. […] Read more
U.S. livestock: CME live cattle, hogs slump on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.6 cent/lb. lower at 116.775 cents, and below the 10-day moving average of […] Read more
U.S. livestock: Firmer beef quote rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. February live cattle closed 1.45 […] Read more
U.S. livestock: CME live cattle brace for possible weak cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged on Monday in advance of potentially lower cash prices this week as packers attempt to recover lost profits, said traders. February live cattle closed down 0.475 cent/lb. at 115.925 cents, and April was 0.625 cent lower at 112.525 cents (all figures US$). Monday’s average […] Read more
U.S. livestock: Fund liquidation undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by sell stops and fund selling after drifting below technical support levels, said traders. February live cattle closed 1.25 cents/lb. lower at 116.4 cents, and April 1.675 cents lower at 113.15 cents (all figures US$). Both contracts slipped beneath their […] Read more
U.S. livestock: CME live cattle end firmer
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent/lb. higher at 117.65 cents, and above the 40-day moving average […] Read more
U.S. livestock: Initial cash prices drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at 116.775 cents, and April 1.75 […] Read more
U.S. livestock: CME hog futures again reach new highs
Chicago | Reuters — Chicago Mercantile Exchange February lean hogs on Tuesday scored a fresh contract high, and deferred months scored new monthly tops, led by brisk wholesale pork demand cash price optimism, said traders. February hogs ended 1.025 cents/lb. higher at 72.375 cents, and hit a new contract high of 72.8 cents (all figures […] Read more
Cyber-Savvy Farmer
