Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished in bearish territory on Wednesday, weakened by profit-taking and disappointing early-week cash prices, traders said. December live cattle closed down 0.025 cent/lb. to 111.1 cents, and February down 0.275 cent to 113.7 cents (all figures US$). Cattle at Wednesday morning’s Fed Cattle Exchange (FCE) […] Read more
U.S. livestock: CME live cattle slip on cash prices
U.S. livestock: Fund buying drives CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained for a second day in a row on fund buying and higher wholesale beef prices, traders said. December live cattle closed up 0.775 cent/lb. to 111.125 cents (all figures US$). February ended 1.025 cents higher at 113.975 cents. “Most certainly fuelled by […] Read more
U.S. livestock: CME live cattle climb ahead of arctic blast
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, partly in anticipation of bone-chilling temperatures in the U.S. Plains and Midwest by week’s end, said traders. Extreme cold typically slows down weight gain in cattle, making them less available to packers. Also grocers tend to stock up on meat in […] Read more
U.S. livestock: CME hogs notch three-month high
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures hit a three-month high on Friday, with help from buy stops and technical buying, traders said. December futures led advances after investors bought the contract and simultaneously sold deferred months. December hogs, which will expire on Wednesday, closed 1.05 cents/lb. higher at 56.725 cents (all […] Read more
U.S. livestock: Hogs up again on cash prices, fund buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied for a fourth consecutive session on Thursday, spurred by higher cash prices and technical buying, said traders. December hogs, which will expire on Dec. 14, closed up 0.975 cent per pound to 55.675 cents (all figures US$). Most actively traded February ended 1.075 cents […] Read more
U.S. livestock: Higher cash, pork prices extend hogs’ rally
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a third straight day on Wednesday, led by upward-trending cash and wholesale pork prices, said traders. December hogs closed up 1.325 cents/lb. at 54.7 cents (all figures US$). Most actively traded February ended 2.275 cents/lb. higher at 59.75 cents. Packers are content to […] Read more
U.S. livestock: Cash, pork prices drive hogs to two-month high
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures on Tuesday reached their highest level in two months, fueled by rising cash prices and decent pork demand, said traders. February and April futures punched through their respective 100-day moving average of 55.845 cents and 62.07 cents, which triggered fund buying and buy stops (all […] Read more
U.S. livestock: CME hogs rise on cash price optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday hit a 1-1/2-month high, spurred by expectations for stronger near-term cash prices, said traders. They said technical buying contributed to market advances. December hogs closed up 0.75 cent per pound, to 51.5 cents (all figures US$). Most actively traded February ended 0.775 cent/lb. […] Read more
U.S. livestock: CME live cattle book steep drop
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday fell more than two per cent, their steepest daily decline in 1-1/2 months, pressured by sell stops and fund liquidation, said traders. December live cattle closed down 2.35 cents/lb. to 108.225 cents, and February 2.5 cents lower at 108.875 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle slide off three-month peak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday peaked at a three-month high before profit-taking dropped contracts to near session lows, said traders. December live cattle closed down 0.175 cent/lb. to 110.575 cents, and February ended 0.575 cent lower at 111.375 cents (all figures US$). CME live cattle futures receded in […] Read more
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