Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating cash […] Read more
U.S. livestock: Weak cash outlook limits live cattle advances
U.S. livestock: Cash price outlook extends CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped for a second straight session on Tuesday, pressured by follow-through selling and potentially softer cash prices later this week, traders said. June live cattle closed down 0.15 cent/lb. at 118 cents, and August ended 1.275 cents lower at 113.175 cents (all figures US$). Futures […] Read more
U.S. livestock: Cattle limit down after bearish USDA surprise
Chicago | Reuters — U.S. live cattle and feeder cattle futures tumbled by their respective daily price limits on Monday, declining two per cent or more in a selloff triggered by bearish U.S. Department of Agriculture data released after Friday’s session. Cattle gapped lower on their price charts at the opening of trading, before locking […] Read more
U.S. livestock: Hogs fall on technical selloff
Chicago | Reuters –– U.S. lean hog futures fell sharply on Wednesday, led by declines in the front-month June contract on technical and fund selling that was linked to an expected slump in the cash hogs market, traders and analysts said. The June contract settled 1.525 cents lower at a one-week low of 81.225 cents/lb., […] Read more
U.S. livestock: Live cattle firm on short-covering, beef gains
Chicago | Reuters — U.S. live cattle futures edged higher on Tuesday, lifted by technical buying and short-covering tied to recent gains in wholesale beef prices, traders and analysts said. But cattle failed to surpass the one-month highs reached on Thursday, triggering concerns the rally that started at the end of April was running out […] Read more
U.S. livestock: CME live cattle finish mostly higher
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.4 cent/lb. at 123.025 cents (all figures US$). August ended up 0.75 cent, […] Read more
U.S. livestock: Hogs gain most since December on strong cash markets
Chicago | Reuters –– U.S. lean hogs surged as much as 2.5 per cent for their biggest daily gains since December on Wednesday, lifted by rising cash prices and wholesale pork values that were tied to expectations of more export business to China, traders said. Technical buying also buoyed hog prices on the Chicago Mercantile […] Read more
U.S. livestock: Hogs jump, cattle firm on gains in meat prices
Chicago | Reuters — U.S. lean hogs gained the most in a week on Tuesday while cattle futures rose for the eighth straight session, with each commodity rising in tandem with wholesale meat prices on signs of growing demand, traders said. Trading volumes in the livestock contracts were relatively subdued at the Chicago Mercantile Exchange […] Read more
U.S. livestock: Cattle hit 3-1/2 week high on cash gains
Chicago | Reuters — U.S. live cattle futures jumped as much as two per cent to the highest levels in nearly a month on Monday, lifted by gains in the cash cattle market and signs demand for beef was improving, traders said. Feeder cattle futures also were sharply higher while lean hogs opened narrowly mixed […] Read more
U.S. livestock: CME live cattle climb for sixth straight session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday stretched their consecutive win streak to six sessions, helped by optimism for cash prices by late afternoon that offset stagnant wholesale beef demand, traders said. June live cattle closed 1.1 cents/lb. higher at 120.725 cents, and August ended up 0.475 cent at 117.9 […] Read more
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