Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday drifted to a two-year low, with October down the 4.5-cent daily price limit, as wholesale beef values and preliminary cash prices continued to sag, traders said. Spot-October settled at 124.675 cents/lb. (all figures US$). December ended 3.225 cents lower at 130.925 cents. Live
U.S. livestock: CME live cattle hit two-year low on beef, cash prices
U.S. livestock: CME live cattle, feeder cattle slump limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday fell by their three-cent daily price limit as lower-trending wholesale beef values stirred expectations for another round of weaker cash prices later this week, traders said. Spot-October and December closed at 129.175 and 134.150 cents/lb., respectively (all figures US$). Live cattle’s trading limit
U.S. livestock: CME live cattle mostly firm after choppy day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mostly firm on Monday after a volatile session stirred by bear spreading as investors sold the October contract and bought deferred months, traders said. They added that negative market fundamentals and anticipation of possible deliveries next Monday (Oct. 5) contributed to active bear spreading.
U.S. livestock: Bargain hunters send CME live cattle, feeders limit up
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up their three-cents-per-pound daily price limit, ignited by active short-covering and bargain hunting after contracts recently tumbled to two-year lows, traders said. Spot-October and December finished at 133.7 and 137 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded
U.S. livestock: CME live cattle again sink to two-year bottom
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to a two-year low for a second consecutive session on Thursday, weighed on by seasonally slack beef demand, traders said. But, they said, late-session bargain hunting and short-covering lifted CME live cattle from morning lows. Spot-October closed 2.525 cents/lb. lower at 130.7 cents, after
U.S. livestock: CME live cattle plunge limit down to two-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to a two-year low, and by their three-cent-per-pound daily price limit, amid a seasonal slowdown in beef demand and lower expectations for cash prices this week, traders said. Spot-October and December respectively closed at 133.225 and 135.75 cents/lb., which are also their
U.S. livestock: CME live cattle grind to 16-month low
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered
U.S. livestock: Bargain hunting, USDA report boost CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed one cent per pound higher at 137 cents, and December ended up 1.375 cents, to 139.75. Traders said CME live cattle were further supported by Friday’s
U.S. livestock: CME cattle repeat lows before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to new contract lows, and hit their lowest in 16 months, for a third consecutive session, pressured by lackluster wholesale beef demand, traders said. Investors exercised caution before the U.S. Department of Agriculture’s monthly Cattle on Feed report today at 2 p.m.
U.S. livestock: CME live, feeder cattle ease to 16-month low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit a 16-month bottom, falling to contract lows for a second straight session, on lower wholesale beef values and further cash price weakness, traders said. Spot-October closed 0.75 cent/lb. lower at 136.85 cents, and earlier marked a contract low of 136.525 (all figures
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