Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures reached their highest since late April 2016, driven by short-covering amid brisk wholesale beef demand, said traders. They said speculators bought deferred cattle contracts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report proved less bearish than some had anticipated. February live cattle, […] Read more
U.S. livestock: CME live cattle futures score 10-month high
U.S. livestock: Profit-taking pressures cattle futures, boosts hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an end-of-the-week rally,” Rosenthal Collins […] Read more
U.S. livestock: Hogs extend losses on cash expectations
Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Thursday, extending losses to their third straight session, on pressure from expectations for declines in Midwest cash hog markets, traders and analysts said. Lower wholesale pork prices this week, especially pork belly cuts, also weighed on futures and squeezed packer […] Read more
U.S. livestock: Hogs tumble on pork price declines
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell 3.8 per cent for their biggest daily loss in about a month on Wednesday, pulled down by investment fund selling tied to lower cash hog and wholesale pork prices, traders said. Live cattle futures rose, extending gains to the fourth straight session on support […] Read more
U.S. livestock: Cattle hit four-week high on beef gains
Chicago | Reuters — U.S. live cattle futures jumped one per cent to the highest prices in about four weeks on Tuesday, boosted by technical buying and gains in wholesale beef prices, traders said. Feeder cattle futures followed live cattle higher at the Chicago Mercantile Exchange, while lean hogs were narrowly lower in light technical […] Read more
U.S. livestock: CME live cattle rebound on cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures halted a two-day slide on Friday, sparked by improved wholesale beef values and better-than-expected cash prices, said traders. They said buy stops and technical buying furthered live cattle market advances. CME livestock markets will be closed on Monday in observance of the Presidents Day holiday. […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slipped for a second straight day, amid investor caution while waiting for remaining cash cattle to change hands by Friday, said traders. Short-covering and futures’ discounts to early-week cash returns provided downside market support, they said. February live cattle closed down 0.25 cent/lb. […] Read more
U.S. livestock: CME live cattle, hogs slump on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.6 cent/lb. lower at 116.775 cents, and below the 10-day moving average of […] Read more
U.S. livestock: Firmer beef quote rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. February live cattle closed 1.45 […] Read more
U.S. livestock: CME live cattle brace for possible weak cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged on Monday in advance of potentially lower cash prices this week as packers attempt to recover lost profits, said traders. February live cattle closed down 0.475 cent/lb. at 115.925 cents, and April was 0.625 cent lower at 112.525 cents (all figures US$). Monday’s average […] Read more
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