Chicago | Reuters — Chicago Mercantile Exchange live cattle losses lingered into a fifth straight session on Wednesday, led by chart-related selling and anticipation of weaker cash prices by Friday, traders said. April live cattle ended 0.975 cent/lb. lower at 135.45, and June finished 1.05 cents lower at 125.1 (all figures US$). Both contracts settled […] Read more
U.S. livestock: Lower cash price outlook sends CME live cattle lower
U.S. livestock: CME live cattle slump fourth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled in bearish territory for a fourth straight session, on leftover selling and fund liquidation after contracts dropped below technical support levels, traders said. April live cattle ended 1.925 cents/lb lower at 136.425, and June finished 1.7 cents lower at 126.15 (all figures US$). Both contracts […] Read more
U.S. livestock: CME hogs see biggest one-day loss in three months
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday notched their biggest daily loss since last December, hit by technical selling and lower cash price expectations, traders said. April closed 2.1 cents/lb. lower at 69.35 cents, after drifting below the 40-day moving average of 70.31 cents (all figures US$). May ended 2.1 […] Read more
U.S. livestock: CME live cattle slump before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Friday ahead of the bulk of this week’s cash sales, later in the afternoon, and the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. April live cattle ended 1.325 cents/lb. lower at 139.825, and June closed 1.6 cents lower […] Read more
U.S. livestock: CME live cattle ease ahead of cash prices, USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, weakened by profit-taking as investors wait for market-ready, or cash, cattle to change hands by Friday, traders said. Some traders also positioned themselves for Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. April live cattle ended 0.4 cent/lb. lower […] Read more
U.S. livestock: CME live cattle end firm, but off recent peak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished moderately higher on Wednesday as the steep climb in wholesale beef values fueled expectations for strong cash prices by Friday, traders said. Futures hit a 4-1/2-month peak but pared gains on profit-taking and positioning ahead of the U.S. Department of Agriculture’s monthly Cattle on […] Read more
U.S. livestock: Surging beef prices push CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday, driven by a recent surge in wholesale beef prices that stirred optimism for cash prices later this week, traders said. April futures ended 1.425 cents/lb. higher at 140.725 (all figures US$). June closed up 1.5 cents/lb. at 130.325 after peaking at […] Read more
U.S. livestock: CME live cattle close mostly firm
Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle contracts gained modestly on Monday, after investors sold April and simultaneously bought deferred months in a strategy known as bear spreading, traders said. April ended 0.5 cents/lb. lower at 139.3. June closed up 0.275 cent/lb. to 128.825 and August finished 0.4 cent higher at 123.6 […] Read more
U.S. livestock: CME live cattle spike on cash price hopes
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures peaked at a four-month high on Friday, fueled by short-covering in anticipation of strong market-ready, or cash, cattle prices later on Friday, traders said. April ended 1.5 cents/lb. higher at 139.8, and June closed up 0.925 cent/lb. to 128.55 (all figures US$). Cash cattle bids […] Read more
U.S. livestock: Cash outlook drives CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Thursday, driven by short-covering and recent run up in wholesale beef prices, traders said. April ended 1.525 cents/lb. higher at 138.3, and June closed up 1.325 cents/lb. to 127.625 (all figures US$). The morning’s wholesale choice beef price climbed $1.36/cwt from […] Read more
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