Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled lower on Wednesday after sluggish wholesale beef demand renewed expectations for weak cash prices by Friday, traders said. Short-covering and bargain hunting freed contracts from session lows, they said. April live cattle, which will expire on Friday, closed 0.8 cent/lb. higher at 126 cents, […] Read more
U.S. livestock: CME live cattle close lower, but off lows
U.S. livestock: More short-covering extends CME live cattle gains
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rallied again on Tuesday, led by more short-covering and sentiments that last week’s selloff was overdone, traders said. April live cattle closed 1.25 cents/lb. higher at 126.8 cents, and June ended 2.15 cents/lb. higher at 118.75 cents (all figures US$). “We saw short-covering because there […] Read more
U.S. livestock: Short-covering rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, helped by short covering and futures’ discounts to last week’s cash prices, traders said. April live cattle closed 0.825 cent/lb. higher at 125.55 cents, and June ended 1.95 cents/lb. higher at 116.6 cents (all figures US$). Last week, market-ready, or cash, […] Read more
U.S. livestock: CME live cattle hit new contract lows before report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sped to new contract lows, accelerated by bearish fundamentals and positioning before the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Simultaneously, the U.S. Department of Agriculture will issue its monthly cold storage data that will include total March beef and […] Read more
U.S. livestock: CME live cattle ends mostly weak
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle futures closed weak on Thursday after investors sold deferred months and bought April futures based on preliminary cash prices, traders said. April live cattle closed up 0.2 cent/lb. to 126.5 cents. June ended down 0.375 cent/lb. to 116.9 cents, and August ended 0.5 cent lower […] Read more
U.S. livestock: CME live cattle hit four-month low
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts slid for an eighth day in a row on Wednesday as long liquidation continued, said traders. April live cattle closed 1.025 cents/lb. lower at 126.3 cents, and June ended down 1.3 cents/lb. at 117.275 cents (all figures US$). Both contracts earlier sank to four-month lows. […] Read more
U.S. livestock: CME live cattle close lower, hogs higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground again on Tuesday, pressured by more long liquidation following the morning’s wholesale beef price setback, said traders. April live cattle closed 1.15 cents/lb. lower at 127.325 cents, and June ended down 0.6 cent/lb. at 118.575 cents (all figures US$). On Wednesday, live cattle […] Read more
U.S. livestock: Fund selling drops CME live cattle limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday, with nearby contracts down by their three-cent-pr-pound daily price limit, shaken by sell stops and fund liquidation, traders said. April and June live cattle ended down by the three-cent limit at 128.475 and 119.175 cents/lb., respectively (all figures US$). Live […] Read more
U.S. livestock: CME live cattle finish mostly firm
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts gained modestly on Friday, supported by brisk wholesale beef demand and futures’ discounts to a small number of cash cattle that sold so far this week, traders said. April live cattle ended down 0.275 cent/lb. to 131.475 cents (all figures US$). June closed up […] Read more
U.S. livestock: CME live cattle end mostly weak, but off lows
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts posted modest losses on Thursday, pressured by continued fund selling, traders said. They said, sporadic bargain hunting and solid wholesale beef demand freed contracts from session lows. Additionally, investors at times sold the April contract and simultaneously bought June in a trading strategy known […] Read more
Cyber-Savvy Farmer
