Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose more than one per cent on Friday, boosted by short-covering as traders took profits on bearish bets after prices fell to six-year lows in the previous session. Feeder cattle also recouped a portion of their losses but gains in feeders were capped by sharply […] Read more
U.S. livestock: Cattle gain on short-covering after six-year lows
U.S. livestock: Cattle plumb new lows on technical selloff
Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more
U.S. livestock: Cattle fall to six-year low on long liquidation
Chicago | Reuters –– U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said. Lean hog futures gained more than one per cent at the Chicago Board of Trade, lifted by spreading as some […] Read more
U.S. livestock: CME live cattle slump limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled down by their three cents/lb. daily price limit, on sell stops and fund liquidation after some contracts fell beneath chart support levels, said traders. October and December were down three cents/lb. at 98.875 and 100.05 cents, respectively (all figures US$). December futures […] Read more
U.S. livestock: CME live cattle close weak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished weaker on Friday on weekend positioning after traders sold nearby contracts and bought deferred months in a strategy known as bear spreading, said traders. October ended down 0.55 cent/lb. lower at 101.875 cents, and December down 0.05 cent, to 103.05 cents. “I think that […] Read more
U.S. livestock: CME lean hogs rebound on bargain buying
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed higher on Thursday on short-covering and bargain buying after futures tumbled to a seven-year low on Wednesday, traders said. CME October lean hogs, which will expire on Oct. 14, led advances due to a discount to the exchange’s hog index for Sept. 4 at 54.85 […] Read more
U.S. livestock: Burdensome supplies slam lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply on Wednesday, with some contracts posting new lows, led by profit-taking and seasonally rising hog numbers, traders said. Cooler fall temperatures in the Midwest and highly-nutritious new-crop corn are causing pigs to grow faster. The U.S. Department of Agriculture data on Wednesday showed […] Read more
U.S. livestock: Live cattle post biggest daily percentage gain in a year
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures surged about three per cent on Tuesday to their best one-day performance since October 2015, sparked by short-covering and technical buying, said traders. Prior to Tuesday’s open, CME live cattle contracts displayed a Relative Strength Index (RSI) of 27. A RSI below 30 suggests a […] Read more
U.S. livestock: Bargain buying rallies CME lean hogs
Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts ended sharply higher on Monday, fueled by bargain buying following futures’ plunge by their three-cent/lb. price limit on Friday, said traders. October, which will expire on Oct. 14, closed down 0.1 cent/lb. at 48.925 cents (all figures US$). Most-actively traded December ended 0.2 cent […] Read more
U.S. livestock: Hogs, cattle tumble to multi-year lows on supply woes
Chicago | Reuters — U.S. hog and cattle futures plummeted to the lowest levels in years on Friday, extending recent declines amid abundant animal and meat supplies and as investors squared up their books on the final day of the quarter, traders said. Chicago Mercantile Exchange lean hogs fell roughly five per cent for their […] Read more
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