Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower on Monday after profit-taking ended futures’ three-day win streak, traders said. Fund selling surfaced after June and August slipped beneath their respective 10-day moving averages of 123.15 and 119.06 cents, which also tripped sell stops (all figures US$). April live cattle ended down
U.S. livestock: Profit-taking halts CME live cattle rally
U.S. livestock: Technical buying drives CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose for a third day in a row on Friday, fuelled by short-covering and fund buying after contracts broke through technical resistance, traders said. April live cattle ended up 1.95 cent/lb. at 134.375 cents, and June closed 1.8 cent higher at 124.025 cents (all figures
U.S. livestock: CME live cattle rise on discounts to cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts gained modestly on Thursday, with help from short-covering stirred by future’s discounts to cash prices, traders said. April live cattle ended up 0.35 cent/lb. at 132.425 cents, and June closed 0.375 cent higher at 122.225 cents (all figures US$). So far this week, packers in
U.S. livestock: CME live cattle end higher, but off session tops
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday reversed some of Tuesday’s heavy losses, helped by short-covering and bargain hunting, traders said. April live cattle ended 1.4 cents/lb. higher at 132.075 cents, and June closed 1.1 cents higher at 121.85 (all figures US$). Futures’ price discount to early-week prices for market-ready,
U.S. livestock: CME feeder cattle limit up on bearish corn data
Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of Agriculture said on
U.S. livestock: Fund liquidation takes down CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.5 cents/lb. lower at 132.35 cents, and June closed 2.45 cents lower at 123.075 (all figures US$). Both contracts settled
U.S. livestock: CME hogs finish higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second straight day on Tuesday in a quiet session, with help from short-covering and technical buying, traders said. April closed up 0.325 cent/lb., to 70.25 cents (all figures US$). May ended 0.575 cent higher at 78.85 cents and June finished up 0.475
U.S. livestock: Hog futures jump on fund buying, USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, driven by short-covering and fund buying after contracts broke through technical resistance levels, traders said. They said last Friday’s U.S. Department of Agriculture quarterly hog report stirred additional deferred-month buying. The survey showed modest U.S. herd growth during the December-February quarter
U.S. hog herd ekes out new high as PED impact ebbs
Reuters — The U.S. hog herd in the December-February quarter modestly grew from a year earlier to a record high for that quarter, according to Friday’s U.S. Department of Agriculture quarterly hog report. Farmers cautiously added to herds while shoring up their bottom lines following the surge in hog numbers as the industry recovers from
U.S. livestock: CME live cattle snap five-day losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday settled higher for the first time in six sessions, helped by short-covering before the Easter holiday weekend, traders said. April live cattle ended 0.4 cent/lb. higher at 135.85, and June finished up 0.275 cent at 125.375 (all figures US$). The April contract led
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