Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped to fresh contract lows on Wednesday, and October dropped by the three-cent-per-pound daily price limit, on liquidation ahead of possibly lower cash prices later this week, traders said. Spot-October closed at 137.6 cents, its new contract low (all figures US$). December ended at 139.475
U.S. livestock: CME live, feeder cattle sink to new contract lows
U.S. livestock: CME hogs climb as cash prices firm
Chicago | Reuters — Chicago Mercantile Exchange lean hogs climbed four per cent on Tuesday, pulled up by short-covering following the recent bump in cash prices that may have ended their two-week losing streak, traders said. Spot October ended up 2.55 cents/lb. at 69.375, and December 1.6 cents higher at 63.85 (all figures US$). Tuesday
U.S. livestock: Short-covering pares early CME live cattle losses
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Monday after short-covering trumped follow-through selling that initially pressed futures to a 15-month low, traders said. Spot-October closed up 0.875 cent/lb. at 141.475 cents, and December was 0.8 cent higher at 143.175 cents (all figures US$). October was further supported by fewer cattle
U.S. livestock: Drops in cash, beef prices topple CME live cattle futures
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures at one point on Friday matched their 15-month low, responding to slumping prices for wholesale beef and market-ready, or cash, cattle, traders said. Spot-October closed down 2.350 cents per lb to 140.600 cents, and December was 2.325 cents lower at 142.375 cents. This week, cash cattle in
U.S. livestock: CME live cattle fade with cash price hopes
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted modest losses on Thursday in anticipation of possibly lower prices for market-ready, or cash, cattle on Friday, traders said. Spot-October closed down 0.025 cent/lb. to 142.95 cents, and December 0.375 cent lower at 144.7 (all figures US$). Cash bids in Nebraska surfaced at $139-$140/cwt against
U.S. livestock: Profit-taking trims CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Wednesday, after profit-taking and cash price uncertainty turned back initial advances, traders said. Spot-October closed 0.5 cent/lb. lower at 142.975 cents, and December dropped 0.7 cent to 145.075 (all figures US$). Packers have not bid for market-ready (cash) cattle priced at $146/cwt in
U.S. livestock: CME live cattle limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months settled up their three-cent-per-pound daily price limit on Tuesday, partly fuelled by short-covering and futures’ discounts to last week’s cash prices, traders said. October and December live cattle ended at 143.475 and 145.775 cents, respectively (all figures US$). CME’s live cattle trading limit
U.S. livestock: CME live cattle, hogs retreat before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle slumped on Friday before the Labour Day holiday, due to lower prices for market-ready (cash) cattle, traders said. CME live cattle were further weakened by Wall Street’s tumble on uncertainty whether the Federal Reserve will raise rates by mid-September. October live cattle ended down 1.125 cents/lb.
U.S. livestock: CME live cattle rise, but off session highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished moderately higher on Thursday, at first lifted by short-covering and technical buying that later gave way to initial lower cash prices, traders said. October ended up 0.375 cent/lb. at 141.6 cents, and December 0.55 cent higher at 143.875 cents. Earlier on Thursday, a small number
U.S. livestock: Brisk pork demand pushes CME lean hogs higher
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed up more than two per cent Wednesday on short-covering after a third straight session of wholesale pork price gains, traders said. Spot October closed 1.8 cents/lb. higher at 69.775 cents, and December up 1.7 cents at 64.675 (all figures US$). Wednesday morning’s wholesale pork price
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