Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday posted their biggest daily gain in a month, fueled by short-covering and bargain buying after recent market losses, traders said. October live cattle ended 2.4 cents/lb. higher at 102.425 cents, and December up 2.275 cents at 104.2 cents (all figures US$). Investors may
U.S. livestock: Bargain buying rallies CME live cattle, hogs
U.S. livestock: Supply woes drag live cattle to five-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped on Thursday to their lowest level in five years following this week’s weaker cash prices on anticipation of increased supplies over the next few months, traders said. October live cattle ended down by the three cents/lb. daily price limit, at a new contract low
U.S. livestock: Bearish fundamentals halt CME live cattle rally
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended lower on Wednesday following softer wholesale beef values and this week’s disappointing cash prices, traders said. The thinly traded August live cattle contract, which expired at noon CT, closed up 0.45 cent/lb. at 111.95 cents (all figures US$). Most actively traded October and December
U.S. livestock: CME live cattle rise for first session in 12
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Tuesday closed in positive territory for the first time in 12 sessions, helped by short-covering and futures’ discounts to early-week cash prices, traders said. August live cattle, which will expire on Wednesday, closed up 0.75 cent/lb. to 111.5 cents (all figures US$). Most actively
U.S. livestock: CME live cattle spiral downward as supply worries persist
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts drifted lower on Monday on ample supplies that pressured wholesale beef values and could again hurt cash prices by Friday, traders said. Thinly traded August futures, which will expire on Wednesday, were supported by their discount to last week’s prices for market-ready, or cash,
U.S. livestock: Burdensome supplies again buckle CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday racked up losses for a 10th session in a row, on plentiful supplies that softened wholesale beef values and this week’s cash prices, traders said. Futures losses accelerated after October and December filled a key technical chart gap between the July 22 high
U.S. livestock: CME live cattle stretch losses to ninth straight day
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday tallied losses for a ninth day in a row, pressured by bearish market fundamentals that offset futures’ discount to cash prices, traders said. August live cattle ended down 0.25 cent/lb., to 112.475 cents (all figures US$). Most actively traded October closed 0.375 cent
U.S. livestock: CME live cattle slump eighth day in a row
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled in negative territory for an eighth straight day, and hit a one-month low, following disappointing preliminary cash prices, traders said. August live cattle ended down 0.525 cent/lb. at 112.725 cents (all figures US$). Most actively traded October closed 0.825 cent lower at
U.S. livestock: More CME live cattle selling on weaker cash outlook
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures’ losing streak stretched to a seventh consecutive session on Tuesday in anticipation of softer cash prices by Friday, traders said. August live cattle ended down 0.175 cent/lb. to 113.25 cents (all figures US$). Most actively traded October closed 0.625 cent lower at 109.725 cents. Bids
U.S. livestock: CME live cattle slump sixth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a sixth day in a row on Monday, pressured by supply worries implied by last Friday’s U.S. Department of Agriculture monthly Cattle on Feed report, traders said. The report showed two per cent more cattle placed in U.S. feedlots in July compared to
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