Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Thursday, driven by short-covering and recent run up in wholesale beef prices, traders said. April ended 1.525 cents/lb. higher at 138.3, and June closed up 1.325 cents/lb. to 127.625 (all figures US$). The morning’s wholesale choice beef price climbed $1.36/cwt from
U.S. livestock: Cash outlook drives CME live cattle higher
U.S. livestock: CME live cattle end lower as funds roll long positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, after funds sold, or rolled, their April long positions and simultaneously bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers of
U.S. livestock: CME live cattle snaps back in anticipation of cash prices
Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts rose on Friday, paring recent losses as investors pulled futures closer in line with expectations for cash prices later on Friday, traders said. April closed 0.900 cent per lb higher at 136.350 cents, and June ended up 0.850 cent to 126.475. “We’re just playing catch up to
U.S. livestock: Cash price unease weakens CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Thursday, pressured by profit-taking as early-week cash price optimism waned, traders said. April closed 0.85 cent/lb. lower at 135.45 cents, and June ended down 0.3 cent, to 125.625 (all figures US$). Packers are dug in with market-ready, or cash, cattle bids in
U.S. livestock: Profit-taking drops CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, after investors pocketed profits while waiting for market-ready, or cash, cattle to change hands possibly before Friday, traders said. April closed 0.8 cent/lb. lower at 136.3 cents, and June ended 0.425 cent lower at 125.925 (all figures US$). Cash bids in
U.S. livestock: Cash price optimism nudges CME live cattle upward
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained slightly on Tuesday in anticipation of steady-to-higher prices for market-ready, or cash, cattle possibly before Friday, traders said. April closed 0.125 cent/lb. higher at 137.1 cents, and June ended up 0.175 cent to 126.35 (all figures US$). Cash bids surfaced in Texas and Nebraska
U.S. livestock: CME live cattle close mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Monday, helped by last Friday’s steady-to-better cash prices but pressured by profit-taking on the last trading day of the month, traders said. The February contract, which expired on Monday at noon CT, closed up 1.95 cents/lb. at 139.5 cents (all figures US$).
U.S. livestock: CME live cattle dip while awaiting cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, weighed down by profit-taking while waiting for market-ready, or cash, cattle to change hands later on Friday, traders said. Beginning on Monday, CME Globex livestock futures and options hours will be revised to 8:30 a.m. to 1:05 p.m. CT Monday
U.S. livestock: Cash price outlook boosts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts climbed on Thursday, propelled by anticipation of firm cash prices by Friday amid improved wholesale beef demand, traders said. The February contract, which will expire on Monday, closed up 0.9 cent/lb. to 137.875 cents (all figures US$). April ended 1.2 cents higher at 137.35 cents.
U.S. livestock: Brisk beef demand pushes CME live cattle higher
Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle contracts rose on Wednesday, driven by upward-trending wholesale beef values that may underpin prices for market-ready, or cash, cattle by Friday, traders said. Thinly-traded spot February, which will expire on Feb. 29, closed down 0.025 cent/lb. to 136.975 cents (all figures US$). April ended 0.65
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