Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog futures added to those bets, […] Read more
U.S. livestock: Live cattle, hogs hit contract highs on fund buying
U.S. livestock: Cattle surge to contract highs on higher cash prices
Chicago | Reuters –– U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some contracts […] Read more
U.S. livestock: CME live cattle rise on firmer cash price expectations
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Friday gained for a second straight day, guided by expectations for steady-to-higher cash prices by late Friday, traders said. October live cattle, which expire on Oct. 31, finished 1.225 cents/lb. higher at 115.375 cents (all figures US$). Most actively traded December closed up […] Read more
U.S. livestock: CME live cattle hit three-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached their highest level in nearly three months on Thursday, fueled by short-covering and renewed optimism for this week’s cash prices, said traders. October live cattle, which will expire on Oct. 31, finished 1.125 cents/lb. higher at 114.15 cents (all figures US$). Most actively traded […] Read more
U.S. livestock: CME hogs rise on firmer cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday, helped by modest cash and wholesale pork price gains, said traders. Investors unwound some of Tuesday’s long CME live cattle short lean hog spreads that, along with buy stops and speculative buying, sent some deferred hog contracts to new highs. December […] Read more
U.S. livestock: Cash price optimism buoys CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed sharply higher on Tuesday, spurred by short-covering in anticipation of steady-to-better cash prices later this week, said traders. Fund buying contributed to advances after some contracts topped technical resistance levels on their way to new highs. October live cattle, which will expire on Oct. 31, […] Read more
U.S. livestock: Profit-taking, cash prices drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Monday, pressured by profit-taking following the morning’s cash price drop, traders said. December hogs finished 1.325 cents/lb. lower at 63.525 cents, and February ended 0.875 cent lower at 68.225 cents (all figures US$). Some investors sold futures after analysts predicted a 480,000-plus head […] Read more
U.S. September cattle placements surge
Chicago | Reuters — Ranchers in September drove 13.5 per cent more cattle into U.S. feedlots than the same month a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped analysts’ average forecasts and hit its highest level for the month in six years. “The good news for the consumer is […] Read more
U.S. livestock: CME live cattle rise before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, helped by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday at 2 p.m. CT, said traders. They said that with December futures slated to be the new lead month following October’s expiration, investors periodically […] Read more
U.S. livestock: CME hogs hit two-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Thursday, hitting their highest level in two months led by steadily climbing prices for market-ready, or cash, hogs as packers competed for supplies, said traders. December hogs finished 0.5 cent/lb. higher at 64.250 cents, and February ended 0.475 cent higher at 68.475 cent […] Read more
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