Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, weakened by sell stops and uncertainty regarding cash prices later this week, traders said. Funds that track the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously bought October on the first of five […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
U.S. livestock: CME live cattle end lower as funds roll long positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, after funds sold, or rolled, their April long positions and simultaneously bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers of […] Read more
U.S. livestock: Cash price unease drags on CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Monday, pressured by uncertainty over cash prices later this week, traders said. February live cattle closed 0.65 cent/lb. lower at 132.225 cents, and April ended down 0.775 cent, to 133.05 cents (all figures US$). Typically, cash bids surface around midweek. But a […] Read more
U.S. livestock: CME live cattle gain fades as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, paring early advances, after funds sold or rolled their June positions and bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers […] Read more
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