Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, helped by their discounts to preliminary prices for market-ready, or cash, cattle, traders said. But they said the possibility that packers might pay less for remaining supplies pulled CME live cattle contracts from morning tops. Futures are anticipating weaker cash prices […] Read more
U.S. livestock: CME live cattle gain, but off session highs
CME to reduce livestock futures, options trading hours
Chicago | Reuters — CME Group, the world’s largest futures market operator, plans to shorten trading hours for its livestock futures and options contracts effective Feb. 29, the exchange said in a statement Wednesday. The exchange said the proposed changes, pending CFTC approval, for live cattle, feeder cattle and lean hog futures and options are […] Read more
U.S. livestock: CME live cattle ease ahead of cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday after traders sold the February contract and bought deferred months while awaiting cash prices later this week, traders said. On Tuesday, packers in Texas and Kansas bid $132/cwt for market-ready, or cash, cattle against sellers who asked $138, said feedlot sources […] Read more
U.S. livestock: Cattle limit down on equities downturn
Chicago | Reuters — U.S. cattle futures tumbled more than two per cent on Monday, falling in sympathy with steep downturns in equities markets and following disappointing trades last week in cash cattle. Front-month live and feeder plummeted by their respective daily price limits of three and 4.5 cents/lb., with feeder cattle extending losses to […] Read more
U.S. livestock: Fallen equities market topples CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed lower on Friday, weighed by cash price caution and heavy U.S. stock market losses, traders said. The day’s firm U.S. dollar and the plunge in equities tied to disappointing jobs data pulled most commodity prices lower, they said. Altin Kalo, an analyst with Steiner […] Read more
U.S. livestock: CME live cattle finish mostly weak
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed weak on Thursday, after investors sold deferred months and bought February in anticipation of at least steady cash prices by Friday, traders said. Packers in Kansas and Texas on Thursday bid $138/cwt for market-ready, or cash, cattle, which matched last week’s sales, said […] Read more
U.S. livestock: CME live cattle rise as weather crimps supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained for a third straight day on Wednesday, with packers eyeing fewer available cattle as the U.S. Plains digs out from wintry weather, traders said. They said that while some processors have resumed normal operations, others still found it difficult to get employees and cattle […] Read more
U.S. livestock: Weather market underpins CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose modestly on Tuesday, helped by inclement weather in the western corn belt that delayed delivery of livestock to packing plants, said traders. Blizzard conditions in the central U.S. shut down some Cargill and Tyson Foods beef and pork processing plants in the region, company […] Read more
U.S. livestock: CME live cattle end higher after rocky session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained moderately on Monday, following an up-and-down session that was ultimately supported by last week’s cash price strength, traders said. February live cattle closed up 0.375 cent/lb., to 135.675 cents, and April ended 0.425 cent higher at 134.425 (all figures US$). “It is a tough […] Read more
U.S. livestock: CME live cattle sag, but off lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground on Friday, pressured by sell stops and fund liquidation before giving way to cash price optimism that lifted contracts from session lows, traders said. The U.S. Department of Agriculture will issue the twice-annual cattle inventory report on Friday at 2 p.m. CT. February […] Read more
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