Chicago | Reuters — U.S. live cattle futures were mostly sharply higher on Monday, rising as investors rolled positions forward and as wholesale beef prices extended gains, traders and analysts said. Feeder cattle and lean hogs also climbed at the Chicago Mercantile Exchange, with all three recouping a portion of the losses notched on Friday […] Read more
U.S. livestock: Cattle mostly sharply higher on roll, beef gains
U.S. livestock: CME live cattle up third straight session
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.25 cent/lb. higher at 131.3 cents, and spiked by its 4.5-cent expanded trading limit and a new high of 134.55 […] Read more
U.S. livestock: CME live cattle soar limit up
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday posted new highs, and nearby months hit their three-cent daily price limit, sparked by brisk beef demand and stronger-than-anticipated cash prices, traders said. June settled at 130.05 cents and August 123.8 — limit up and fresh highs for both contracts (all figures US$). […] Read more
U.S. livestock: Live cattle end higher, but off session tops
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Tuesday on fund buying, short-covering and solid beef demand that briefly lifted the June contract to its three-cent daily price limit, said traders. They said profit-taking and caution before this week’s cash prices pulled futures from new contract highs. June ended 2.925 cents/lb. […] Read more
U.S. livestock: CME live cattle hold modest gains
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Monday settled with modest gains, supported by their discounts to last week’s futures prices and robust wholesale beef demand, said traders. They said profit-taking, after futures spiked to new highs earlier in the session, capped nearby market advances and pressured other trading months. […] Read more
U.S. livestock: Live cattle hit one-year high on fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month’s final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures’ discounts to this week’s cash prices helped drive contracts to fresh highs. Funds […] Read more
U.S. livestock: Cattle rise as cash prices surge
Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. April […] Read more
U.S. livestock: Cash prices propel live cattle to one-year high
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their three-cents-per-pound daily price limit (all figures US$). April […] Read more
U.S. livestock: Strong beef demand lifts live cattle to one-year high
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders. They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. April live cattle closed 0.35 cent/lb. […] Read more
U.S. livestock: Live cattle climb seventh straight session
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose on Monday for the seventh consecutive session, boosted by improved wholesale beef demand and futures’ discounts to recent cash prices, traders said. They said speculative buying and buy stops drove deferred contracts to fresh highs. April live cattle closed 1.05 cents/lb. higher at 126.425 cents […] Read more
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