Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.5 cents/lb. lower at 132.35 cents, and June closed 2.45 cents lower at 123.075 (all figures US$). Both contracts settled […] Read more
U.S. livestock: Fund liquidation takes down CME live cattle
U.S. livestock: CME hogs finish higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second straight day on Tuesday in a quiet session, with help from short-covering and technical buying, traders said. April closed up 0.325 cent/lb., to 70.25 cents (all figures US$). May ended 0.575 cent higher at 78.85 cents and June finished up 0.475 […] Read more
U.S. livestock: Hog futures jump on fund buying, USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, driven by short-covering and fund buying after contracts broke through technical resistance levels, traders said. They said last Friday’s U.S. Department of Agriculture quarterly hog report stirred additional deferred-month buying. The survey showed modest U.S. herd growth during the December-February quarter […] Read more
U.S. livestock: CME live cattle snap five-day losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday settled higher for the first time in six sessions, helped by short-covering before the Easter holiday weekend, traders said. April live cattle ended 0.4 cent/lb. higher at 135.85, and June finished up 0.275 cent at 125.375 (all figures US$). The April contract led […] Read more
U.S. livestock: Lower cash price outlook sends CME live cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle losses lingered into a fifth straight session on Wednesday, led by chart-related selling and anticipation of weaker cash prices by Friday, traders said. April live cattle ended 0.975 cent/lb. lower at 135.45, and June finished 1.05 cents lower at 125.1 (all figures US$). Both contracts settled […] Read more
U.S. livestock: CME live cattle slump fourth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled in bearish territory for a fourth straight session, on leftover selling and fund liquidation after contracts dropped below technical support levels, traders said. April live cattle ended 1.925 cents/lb lower at 136.425, and June finished 1.7 cents lower at 126.15 (all figures US$). Both contracts […] Read more
U.S. livestock: CME hogs see biggest one-day loss in three months
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday notched their biggest daily loss since last December, hit by technical selling and lower cash price expectations, traders said. April closed 2.1 cents/lb. lower at 69.35 cents, after drifting below the 40-day moving average of 70.31 cents (all figures US$). May ended 2.1 […] Read more
Cattle placed in U.S. feedlots jump to eight-year high
Chicago | Reuters — The number of cattle put into U.S. feedlots in February climbed 10 per cent from a year earlier to their highest level for that month in eight years, according to a government report released Friday. The placement results, which shed light on future prices for cattle and beef, surpassed industry forecasts […] Read more
U.S. livestock: CME live cattle slump before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Friday ahead of the bulk of this week’s cash sales, later in the afternoon, and the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. April live cattle ended 1.325 cents/lb. lower at 139.825, and June closed 1.6 cents lower […] Read more
U.S. livestock: CME live cattle ease ahead of cash prices, USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, weakened by profit-taking as investors wait for market-ready, or cash, cattle to change hands by Friday, traders said. Some traders also positioned themselves for Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. April live cattle ended 0.4 cent/lb. lower […] Read more
Cyber-Savvy Farmer
