Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Tuesday, weighed by caution ahead of this week’s cash prices, said traders. They said sell stops and technical selling contributed to market losses. February live cattle closed 0.575 cents/lb. lower at 119.675 cents (all figures US$). April finished 0.775 cent lower at […] Read more
U.S. livestock: CME live cattle slide on cash price unease
U.S. livestock: Technical selloff sends CME hogs lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed weaker on Monday, partly pressured by sell stops and fund liquidation, said traders. February hogs ended 0.3 cent/lb. lower at 65 cents, and under the 10-day moving average of 65.267 cents (all figures US$). April closed 0.7 cent lower at 67.775 cents, and below […] Read more
U.S. livestock: CME live cattle end four-day win streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled in negative territory on Friday for the first time in five days, led by sell stops and profit-taking, said traders. They said fund buying and futures’ discounts to this week’s cash prices later lifted contracts from session lows. February live cattle closed 0.775 cent/lb. […] Read more
U.S. livestock: Cash prices push CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week’s cash price surge, traders said. February live cattle closed 0.75 cent/lb. higher at 121.025 cents, and April closed up 0.475 cent, to 119.875 cents (all figures US$). Both contracts notched 10-month highs […] Read more
U.S. livestock: CME live cattle up for third straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third day in a row, following the morning’s wholesale beef price upswing and initial cash price strength, traders said. February live cattle closed 0.7 cent/lb. higher at 120.275 cents, and April closed up 0.4 cent to 119.4 cents (all […] Read more
U.S. livestock: Cash prices boost live cattle to 10-month high
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Tuesday climbed to their highest level in 10 months after investors digested last week’s better-than-expected cash prices, traders said. February live cattle closed 1.05 cents/lb. higher at 119.575 cents, and April up 1.075 cents, to 119 cents. “It was a good cash market […] Read more
U.S. livestock: Live cattle rally on fund buying, cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained about one per cent on Friday, rallying from losses in the previous session on the back of investment fund buying and optimism for higher prices in U.S. Plains cash cattle markets, traders said. Feeder cattle prices rose while lean hogs were mostly higher, underpinned […] Read more
U.S. livestock: Cattle ease on technical selling
Chicago | Reuters — U.S. cattle futures fell more than one per cent on Thursday, extending losses to the second straight session on a technical sell-off as wholesale beef prices also continued to lose ground, traders and analysts said. Lean hogs were mixed at the Chicago Mercantile Exchange, with some front-month hog futures contracts rising […] Read more
U.S. livestock: Profit-taking, beef quotes drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing […] Read more
U.S. livestock: Cattle limit up on technical buying
Chicago | Reuters — U.S. live cattle futures climbed to a nine-month high on Tuesday, extending gains from the previous session on chart-based and investment fund buying, traders and analysts said. Feeder cattle and lean hog futures also rose at the Chicago Mercantile Exchange, with feeders reaching the highest levels since August. Trading limits in […] Read more
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