Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders. They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. April live cattle closed 0.35 cent/lb.
U.S. livestock: Strong beef demand lifts live cattle to one-year high
U.S. livestock: Live cattle climb seventh straight session
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose on Monday for the seventh consecutive session, boosted by improved wholesale beef demand and futures’ discounts to recent cash prices, traders said. They said speculative buying and buy stops drove deferred contracts to fresh highs. April live cattle closed 1.05 cents/lb. higher at 126.425 cents
U.S. livestock: CME live cattle up for fourth straight session
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a fourth consecutive session on Monday, fueled by short-covering and futures’ discounts to last week’s cash prices, said traders. Last weekend’s news that China offered to lift its ban on U.S. beef helped spike Chicago Mercantile Exchange over one per cent on Monday. But,
U.S. livestock: CME live cattle extend gains as funds buy
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April live
U.S. livestock: Bargain buying rallies CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.3 cent/lb. to 63.925 cents, and May 1.2 cents higher at 69.55 cents (all figures US$). “We
U.S. livestock: CME live cattle end firmer despite cash pessimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.05 cent/lb. to 118.275 cents, and June up 0.125 cent to
U.S. livestock: CME hog futures hit four-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest level since early December on Tuesday, with ample supplies dragging down cash prices for a ninth straight session, said traders. April hogs ended 1.125 cents/lb. lower at 63.675 cents, and May closed down 1.225 cents to 68.175 cents (all figures US$).
U.S. livestock: CME hog futures slump on pork demand fears
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Monday, pressured by concerns that the seasonal bump in supplies might further hurt cash prices and curb retail pork buying, said traders. They said sell stops and fund liquidation hastened hog market losses. April hogs ended 0.875 cent/lb. lower at 64.8 cents, and
U.S. livestock: Hog prices rally on bargain buying before USDA report
Chicago/Reuters – Chicago Mercantile Exchange lean hogs finished higher on Thursday, with strength from bargain buying prior to what turned out to be a neutral U.S. government hog report after futures closed, said traders. The U.S. Department of Agriculture’s quarterly hog report showed a record-large March 1 herd, with most of the data close to
U.S. livestock: Cash discounts lift live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, with support from short-covering tied to futures’ discounts to preliminary cash prices, said traders. April live cattle closed 0.575 cent/lb. higher at 121.35 cents, and June up 0.25 cent to 111.85 cents (all figures US$). Market-ready, or cash, cattle at Wednesday
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