Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Thursday on profit-taking and uncertainty over the price of cash cattle on Friday, traders said. February live cattle closed down 0.3 cent/lb. at 135.425 cents, and April ended 0.725 cent lower at 134.525 (all figures US$). Market-ready, or cash, cattle bids in Texas […] Read more
U.S. livestock: Cash price caution weighs on CME live cattle
U.S. livestock: Cash price optimism lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, driven by short-covering and expectations that some processors by Friday might pay the same or more for cash cattle than last week, traders said. February live cattle closed 2.7 cents/lb. higher at 135.725 cents, and April ended up 1.85 cents to […] Read more
U.S. livestock: Equities upswing pulls CME live cattle higher
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, with strength from the U.S. stock market rally that was partly fueled by the rebound in crude oil prices, traders said. February live cattle closed up 1.6 cents/lb. to 133.025 cents, and April ended 1.175 cents higher at 133.4 (all figures […] Read more
U.S. livestock: Market uncertainty reverses CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, erasing Friday’s advances after investors struggled to find clear direction amid a host of market influences, traders said. February live cattle closed down 0.65 cent/lb. to 131.425 cents, and April ended 0.85 cent lower at 132.225 (all figures US$). “Uncertainty is […] Read more
U.S. livestock: CME live cattle rally ahead of USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained for a second day in row on Friday, supported by follow-through buying after contracts settled up by their 3-cent-per-lb daily price limit on Thursday, said traders. Investors also tweaked positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CT. At […] Read more
U.S. livestock: Equities spike drives CME live cattle limit-up
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed to their three cents/lb. daily price limit on Thursday following a turnaround in crude oil prices that helped pare recent deep U.S. stock market losses. February and April live cattle closed at 130.25 and 131.175 cents, respectively. Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: Retreating equities undermine CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday, pressured by falling U.S. stock futures amid the unrelenting slide in crude oil prices, traders said. February live cattle ended 2.05 cents/lb. lower at 127.25 cents, and April closed down 1.975 cents at 128.175 (all figures US$). Bullish CME live cattle […] Read more
U.S. livestock: Bargain hunting pares CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Tuesday, driven by short-covering and bargain-hunting that helped contracts recover some of their lost ground over the past two sessions, traders said. February live cattle ended 1.75 cents/lb. higher at 129.3 cents, and April closed up 1.65 cents, to 130.15 (all figures […] Read more
U.S. livestock: Equities rout plunges CME live cattle limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled down by their three-cent/lb. daily price limit on Friday after U.S. stock futures plummeted amid global economic jitters, traders said. February live cattle and April closed at 127.55 cents and 128.5 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
U.S. livestock: Beef price rebound pulls CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price, […] Read more
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