Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third day in a row, following the morning’s wholesale beef price upswing and initial cash price strength, traders said. February live cattle closed 0.7 cent/lb. higher at 120.275 cents, and April closed up 0.4 cent to 119.4 cents (all
U.S. livestock: CME live cattle up for third straight day
U.S. livestock: Cash prices boost live cattle to 10-month high
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Tuesday climbed to their highest level in 10 months after investors digested last week’s better-than-expected cash prices, traders said. February live cattle closed 1.05 cents/lb. higher at 119.575 cents, and April up 1.075 cents, to 119 cents. “It was a good cash market
U.S. livestock: Profit-taking, beef quotes drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing
U.S. livestock: CME live cattle futures mostly firmer
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts gained modestly on Friday after some investors sold February futures and bought deferred months prior to similar moves next week, said traders. Monday begins the first of five days in which funds that track the Standard + Poor’s Goldman Sachs Commodity Index sell, or
U.S. livestock: CME live cattle turn lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday gave back some of Wednesday’s gains, pressured by profit-taking and technical selling, said traders. They said early-session futures buying subsided after investors digested this week’s cash prices. February live cattle closed 0.6 cent/lb. lower at 115.075 cents (all figures US$). April ended down
U.S. livestock: Fund buying rallies live cattle, lean hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed the prior day’s losses, with strength from technical buying and short-covering, said traders. February live cattle closed 0.8 cent/lb. higher at 115.675 cents (all figures US$). April ended up 0.775 cent at 114.725 cents and above the 10-day moving average of 114.547
U.S. livestock: CME lean hogs retreat from four-month high
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs settled lower on Tuesday after profit-taking and fund liquidation dropped futures from an early-session four-month high, said traders. February hogs ended 2.65 cents/lb. lower at 63.5 cents (all figures US$). April closed down 1.175 cents, to 66.9 cents. Both contracts finished below their respective 10-day moving
U.S. livestock: CME live cattle score four-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday hit their highest level in four months, partly driven by short-covering and cash price optimism for this week, said traders. December live cattle closed up 1.175 cents/lb. to 113.275 cents (all figures US$). Most actively-traded February ended up 0.725 cent, to 116.225 cents.
U.S. livestock: CME lean hogs snap four-session win streak
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday settled lower for the first time in five sessions, hit by profit-taking and weaker cash prices before packing plants close over the Christmas holiday, traders said. February hogs ended 2.1 cents/lb. lower at 64 cents, and April 1.2 cents lower at 67.475 cents (all
U.S. livestock: CME live cattle mostly firmer
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Monday after investors sold the December contract and simultaneously bought deferred months in a market strategy known as bear-spreading, said traders. The spreads, along with modest positioning before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report, lifted some back-months
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