Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday touched a three-month top, spurred by short-covering and fund buying, said traders. April closed up its three-cent-per-pound daily price limit (all figures US$). Investors bought that contract and simultaneously sold February. The limit will expand to 4.5 cents on Friday. February live cattle […] Read more
U.S. livestock: CME live cattle limit up on fund buying
U.S. livestock: CME live cattle post losses, but off session lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday settled lower, weighed down by profit-taking and initial fund liquidation, said traders. Rising wholesale beef values and CME live cattle futures’ discount to prices for slaughter-ready or cash cattle lifted contracts from session bottoms. February live cattle finished 0.875 cents/lb. lower at 124.825 […] Read more
U.S. livestock: Strong cash trade lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday, riding a tailwind from Friday’s higher-than-expected prices for market-ready, or cash, cattle, traders said. February live cattle finished 1.1 cents/lb. higher at 125.7 cents and most-active April settled up 0.375 cents at 125 cents (all figures US$). After futures closed on Friday, […] Read more
U.S. livestock: Cattle rebound after sharp drop
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with strength in the cash market underpinning a technical rebound from Thursday’s sharp decline, traders said. “We had a break that was a surprisingly quick break from the top,” said Don Roose, president of U.S. Commodities. “Today we brought back the technical […] Read more
U.S. livestock: Cattle sink after hitting highest since early November
Chicago | Reuters — Live cattle futures dropped 2.2 percent after hitting their highest level in 2-1/2 months on Thursday, snapping a three-day winning streak as a rebound in the U.S. dollar sparked a round of profit-taking. “The pushback on the U.S. dollar maybe caught a few people off-guard,” said Rich Nelson, chief strategist with […] Read more
U.S. livestock: Cattle rise on beef gains, fund buying
Chicago | Reuters — Live cattle futures climbed to a near two-month high on Wednesday, rising for the third straight session on firm beef prices and investment fund buying, traders and analysts said. A reduced rate of cattle slaughter following a winter storm in the U.S. Plains that disrupted the transportation of animals earlier this […] Read more
U.S. livestock: Beef quotes send CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 cents/lb. higher at 124.725 cents […] Read more
U.S. livestock: Weather, cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Monday, spurred by last Friday’s strong cash prices and the start this week of another round of wintry weather in parts of the northern U.S. Plains, traders said. February live cattle finished 1.65 cents/lb. at 123.55 cents (all figures US$). April ended […] Read more
U.S. livestock: CME live cattle futures sag
Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged lower on Friday to snap a five-session climb, pressured by technical selling and uncertainty about cash price direction, given that cash cattle did not trade ahead of the closing bell, brokers said. However, after the futures market closed, fed cattle traded lightly in cash markets […] Read more
U.S. livestock: CME live cattle extend climb to five sessions
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday for a fifth straight session, buoyed by higher wholesale beef prices and technical buying including short-covering, traders said. Retailers are buying beef to feature during the second half of the month, when consumers may have paid off year-end holiday debt and have more […] Read more
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