Chicago | Reuters — U.S. live and feeder cattle futures each plummeted by their daily trading limits on Monday, declining in a technical selloff triggered in part by rising feed prices, traders and analysts said. Losses in feeder cattle of roughly three per cent outpaced declines in the more actively traded live cattle futures at […] Read more
U.S. livestock: Cattle limit down on feed costs, demand worries
U.S. livestock: Fund liquidation sinks CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by fund selling and caution while awaiting market-ready, or cash, cattle prices by day’s end, said traders. June live cattle closed down 0.75 cent/lb. to 122.45 cents, after drifting below the 100-day moving average of 122.71 cents (all figures US$). […] Read more
U.S. livestock: Cash price optimism underpins CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firmer on Thursday, helped by expectations that cash prices will hold steady or rise by Friday, said traders. June live cattle closed up 0.175 cent/lb. at 123.2 cents, and August rose 0.125 cent to 118.85 cents (all figures US$). Packers in the U.S. southern […] Read more
U.S. livestock: CME live cattle rally on fund buying, beef demand
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said. June live cattle closed up 1.8 cents/lb. to 123.025 cents, after topping the 100-day moving average of 122.67 cents (all figures US$). August ended 2.725 cents/lb. higher at 118.725 […] Read more
U.S. livestock: CME live cattle finish mostly weak
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed moderately lower on Tuesday after traders sold deferred months and bought June as wholesale beef values improved, traders said. June live cattle closed up 0.45 cent/lb., at 121.225 cents (all figures US$). August ended 0.55 cent/lb. lower at 116 cents, and October finished […] Read more
U.S. livestock: Fund sales reverse initial live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled lower after profit-taking and fund liquidation beat back early-session advances following Friday’s higher cash prices, traders said. June live cattle closed 1.225 cents/lb. lower at 120.775 cents, and August ended down 1.25 cents to 116.55 cents (all figures US$). Last week packers […] Read more
U.S. livestock: CME live cattle rise on cash price outlook
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished firm on Friday in anticipation of better cash prices than last week, traders said. June live cattle closed 0.275 cent/lb. higher at 122 cents, and August ended up 0.15 cent to 117.8 cents (all figures US$). After futures closed, a small volume of market-ready, […] Read more
U.S. livestock: Cash price optimism lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted slight gains on Thursday in anticipation of packers paying the same or more for supplies than last week, traders said. June live cattle closed 0.3 cent/lb. higher at 121.725 cents, and August ended up 0.2 cent, to 117.65 cents (all figures US$). Shrinking cattle […] Read more
U.S. livestock: CME live cattle close mixed
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday after the morning’s higher wholesale beef prices prompted traders to buy the June contract and simultaneously sell August, traders said. June live cattle closed up 0.325 cent/lb. to 121.425 cents, and August ended 0.6 cent lower at 117.45 cents (all figures […] Read more
U.S. livestock: Hogs up on pork gains, short-covering
Chicago | Reuters –– U.S. lean hog futures rose as much as two per cent on Thursday, rallying to the highest levels in a week on gains in pork prices and as investors exited short positions ahead of a long holiday weekend, traders said. Most-active July hogs settled 1.45 cents higher at 81.275 cents/lb., with […] Read more
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