Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday sank to a five-year low for a second straight session in anticipation of weak cash prices by Friday, traders said. August ended 0.45 cent/lb. lower at 108.9 cents, and earlier posted a new contract low of 108.175 cents (all figures US$). October finished
U.S. livestock: Supply worries again sink CME live cattle to five-year low
U.S. livestock: CME live cattle gain on cash price discount
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained modestly on Friday, but eased from session highs, helped by their discounts to this week’s cash prices that fell shy of expectations, traders said. August ended 0.425 cent/lb. higher at 112.225 cents, and October finished up 0.1 cent, to 112.325 cents (all figures US$).
U.S. livestock: CME live cattle drop as funds roll August positions
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Thursday following the roll by funds out of August into deferred months ahead of similar moves beginning on Friday, traders said. Friday is the first of five days in which funds in CME’s live cattle and lean hog markets that track the
U.S. livestock: Supply worries sink lean hogs to one-month low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid to a one-month low, pressured by concerns over possibly more supplies ahead, traders said. July ended down 0.475 cent/lb. to 81.575 cents (all figures US$). Most actively traded August finished 2.625 cents lower at 80.625 cents. The government’s quarterly hog report in late
U.S. livestock: CME live cattle up fourth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a winning streak to four sessions on Thursday with help from better-than-expected cash prices and firm wholesale beef values, traders said. June live cattle, which expired at noon CT, closed 1.1 cents/lb. higher at 120 cents (all figures US$). Most actively traded August ended
U.S. livestock: Cash optimism lifts live cattle third straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for a third day in a row on Wednesday, with help from expectations of steady or better cash prices by week’s end, traders said. June live cattle, which expires on Thursday, closed 1.825 cents/lb. higher at 118.9 cents. Most actively traded August ended up
June U.S. hog herd unexpectedly climbs to record high
Reuters — The U.S. hog herd in the March-May quarter rose two per cent to a record high versus a year ago, according to Friday’s U.S. Department of Agriculture report, which exceeded most analysts’ forecasts. Farmers added to their herds due to affordable feed, strong U.S. pork export demand and gradual price improvement for their
U.S. livestock: Technical buying rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reversed some of Monday’s losses, aided by short-covering and technical buying, traders said. Prior to Tuesday’s session, CME live cattle showed a Relative Strength Index (RSI) of 28. A reading below 30 suggests a market is technically oversold and subject to an upward
U.S. livestock: Most CME live cattle futures rise on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly higher on Tuesday, driven by short-covering after contracts settled down their three cents/lb. daily price limit on Monday, traders said. CME’s live cattle futures will return to the normal three-cent limit on Wednesday after failing to settle at the expanded limit of 4.5
U.S. livestock: Fund liquidation sinks CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by fund selling and caution while awaiting market-ready, or cash, cattle prices by day’s end, said traders. June live cattle closed down 0.75 cent/lb. to 122.45 cents, after drifting below the 100-day moving average of 122.71 cents (all figures US$).
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