Chicago | Reuters — U.S. live cattle futures fell the most in 1-1/2 weeks on Wednesday in a selloff linked to lacklustre demand from meat packers and government data that showed the lowest wholesale beef prices in four years, traders said. Feeder cattle futures dropped the most so far this month while lean hogs declined […] Read more
U.S. livestock: Cattle fall as beef prices tumble
U.S. livestock: Hog futures stumble as supplies grow
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday slumped for a third consecutive session, weakened by already ample supplies as Smithfield Foods’ East Coast plants return to full operations after being idled by Hurricane Matthew, traders said. Most-actively traded December lean hogs finished down 0.475 cent/lb., to 41.125 cents (all figures […] Read more
U.S. livestock: Cattle extend gains on technical buying
Chicago | Reuters — U.S. live and feeder cattle futures climbed more than one per cent on Monday, adding to gains in the previous session, on technical buying and expectations cattle and beef prices will rise seasonally, traders and analysts said. Chicago Mercantile Exchange lean hog futures fell sharply. Friday’s expiration of October hogs left […] Read more
U.S. livestock: Cattle gain on short-covering after six-year lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose more than one per cent on Friday, boosted by short-covering as traders took profits on bearish bets after prices fell to six-year lows in the previous session. Feeder cattle also recouped a portion of their losses but gains in feeders were capped by sharply […] Read more
U.S. livestock: Cattle plumb new lows on technical selloff
Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more
CME mulls cash settlement for volatile cattle market
Chicago | Reuters –– CME Group is considering switching to a cash settlement process for its live cattle futures, a managing director said Thursday, as traders continued to complain about extreme volatility. Dave Lehman, managing director of commodity research and product development, said discussions about the new settlement procedure were part of an all-encompassing review […] Read more
U.S. livestock: Weak cash prices extend live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Wednesday as they marked new lows, hit by softer initial cash prices, traders said. October closed 0.75 cent per pound lower at 96.75 cents, and made a new low of 95.675 cents (all figures US$). December finished […] Read more
U.S. livestock: Cattle fall to six-year low on long liquidation
Chicago | Reuters –– U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said. Lean hog futures gained more than one per cent at the Chicago Board of Trade, lifted by spreading as some […] Read more
U.S. livestock: CME live cattle slump limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled down by their three cents/lb. daily price limit, on sell stops and fund liquidation after some contracts fell beneath chart support levels, said traders. October and December were down three cents/lb. at 98.875 and 100.05 cents, respectively (all figures US$). December futures […] Read more
U.S. livestock: CME live cattle close weak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished weaker on Friday on weekend positioning after traders sold nearby contracts and bought deferred months in a strategy known as bear spreading, said traders. October ended down 0.55 cent/lb. lower at 101.875 cents, and December down 0.05 cent, to 103.05 cents. “I think that […] Read more
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