Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, weakened by sell stops and uncertainty regarding cash prices later this week, traders said. Funds that track the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously bought October on the first of five […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
U.S. livestock: Cattle rise in rebound on technical buying, cash trades
Chicago | Reuters — U.S. live cattle futures gained more than one per cent on Thursday, rebounding from a two-month low on chart-based technical buying and slightly firmer trades in cash cattle markets, traders said. Most-active CME August live cattle knocked out Wednesday’s session low early in Thursday’s session but found downside support near its […] Read more
U.S. livestock: Cattle slump to two-month low
Chicago | Reuters — U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, while […] Read more
U.S. livestock: Hogs rise on pork gains
Chicago | Reuters — U.S. lean hog futures climbed to fresh life-of-contract highs on Monday, gaining on bear-spreading as wholesale pork prices reached the highest levels in more than two years. Dealers continued to buy back Chicago Mercantile Exchange July hog contracts and roll positions into deferred months such as most-active August hog futures, traders […] Read more
U.S. livestock: Hogs hit 2-1/2-year high on packer demand
Chicago | Reuters — U.S. lean hog futures surged to a 2-1/2-year high on Friday as recent gains in cash hog prices prompted investor buying in futures, traders and analysts said. Rising wholesale pork values underscored strong meat demand and also bolstered futures while rising temperatures forecast next week could slow the rate of weight […] Read more
U.S. livestock: CME hog futures climb ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled higher on Thursday, and the July contract notched fresh highs, supported by their discounts to cash prices and fund buying prior to the U.S. Department of Agriculture’s neutral quarterly hog report, said traders. USDA’s report showed a record number of hogs for the March-May […] Read more
U.S. livestock: CME live cattle up on bargain buying after selloff
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.65 cent/lb. higher at […] Read more
U.S. livestock: Live cattle futures erase Monday’s rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its three-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. June, […] Read more
U.S. livestock: Live cattle sharply higher, shrug off USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial […] Read more
U.S. livestock: CME live cattle rally before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, with support from buy stops and late-session short-covering before the afternoon’s U.S. Department of Agriculture monthly Cattle on Feed report, said traders. Analysts viewed the report as mildly bearish for live cattle futures on Monday due to May cattle placements that […] Read more
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