Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted slight gains on Thursday in anticipation of packers paying the same or more for supplies than last week, traders said. June live cattle closed 0.3 cent/lb. higher at 121.725 cents, and August ended up 0.2 cent, to 117.65 cents (all figures US$). Shrinking cattle […] Read more
U.S. livestock: Cash price optimism lifts CME live cattle
U.S. livestock: CME live cattle close mixed
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday after the morning’s higher wholesale beef prices prompted traders to buy the June contract and simultaneously sell August, traders said. June live cattle closed up 0.325 cent/lb. to 121.425 cents, and August ended 0.6 cent lower at 117.45 cents (all figures […] Read more
U.S. livestock: Hogs up on pork gains, short-covering
Chicago | Reuters –– U.S. lean hog futures rose as much as two per cent on Thursday, rallying to the highest levels in a week on gains in pork prices and as investors exited short positions ahead of a long holiday weekend, traders said. Most-active July hogs settled 1.45 cents higher at 81.275 cents/lb., with […] Read more
U.S. livestock: Weak cash outlook limits live cattle advances
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating cash […] Read more
U.S. livestock: Cash price outlook extends CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped for a second straight session on Tuesday, pressured by follow-through selling and potentially softer cash prices later this week, traders said. June live cattle closed down 0.15 cent/lb. at 118 cents, and August ended 1.275 cents lower at 113.175 cents (all figures US$). Futures […] Read more
U.S. livestock: Cattle limit down after bearish USDA surprise
Chicago | Reuters — U.S. live cattle and feeder cattle futures tumbled by their respective daily price limits on Monday, declining two per cent or more in a selloff triggered by bearish U.S. Department of Agriculture data released after Friday’s session. Cattle gapped lower on their price charts at the opening of trading, before locking […] Read more
U.S. livestock: Hogs fall on technical selloff
Chicago | Reuters –– U.S. lean hog futures fell sharply on Wednesday, led by declines in the front-month June contract on technical and fund selling that was linked to an expected slump in the cash hogs market, traders and analysts said. The June contract settled 1.525 cents lower at a one-week low of 81.225 cents/lb., […] Read more
U.S. livestock: Live cattle firm on short-covering, beef gains
Chicago | Reuters — U.S. live cattle futures edged higher on Tuesday, lifted by technical buying and short-covering tied to recent gains in wholesale beef prices, traders and analysts said. But cattle failed to surpass the one-month highs reached on Thursday, triggering concerns the rally that started at the end of April was running out […] Read more
U.S. livestock: CME live cattle finish mostly higher
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.4 cent/lb. at 123.025 cents (all figures US$). August ended up 0.75 cent, […] Read more
U.S. livestock: Hogs gain most since December on strong cash markets
Chicago | Reuters –– U.S. lean hogs surged as much as 2.5 per cent for their biggest daily gains since December on Wednesday, lifted by rising cash prices and wholesale pork values that were tied to expectations of more export business to China, traders said. Technical buying also buoyed hog prices on the Chicago Mercantile […] Read more
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