Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound
U.S. livestock: CME live cattle close mostly weak
U.S. livestock: CME live cattle rally on discount to cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight
U.S. livestock: Slumping beef prices rattle CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price
U.S. livestock: Short-covering pushes CME live cattle, hogs higher
Chicago | Reuters –– Chicago Mercantile Exchange live cattle climbed for a second straight session on Thursday, fuelled by short-covering and positioning on the eve of the last trading day of May, traders said. June closed 1.025 cents per pound higher at 153.5 cents, and August up 1.325 cents to 152.75 cents (all figures US$).
U.S. livestock: CME live cattle shrug off early weakness
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday after initial selling, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.675 cent per pound higher at 152.475 cents, and August ended up 0.8 cent at 151.425 cents (all figures US$). Last week, most market-ready
U.S. livestock: CME live cattle, hogs close weak before Memorial Day
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed moderately lower Friday on profit-taking and in response to the U.S. Department of Agriculture’s monthly Cattle on Feed report earlier in the day, traders said. The number of cattle put into U.S. feedlots in April unexpectedly slowed compared with the same month last year. “It’s
U.S. livestock: CME live cattle, hogs climb on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday on short-covering and futures’ discounts to cash prices, traders said. June closed up 1.025 cents per pound, to 152.375 cents, and August was 1.175 cents higher at 150.9 cents (all figures US$). This week, the bulk of market-ready (cash) cattle in the
U.S. livestock: CME live cattle end pit trade lower, rise after-hours
Chicago | Reuters –– Live cattle futures on the Chicago Mercantile Exchange finished lower during the regular session on Wednesday, pressured by cash cattle prices that were initially weak, traders said. But contracts turned higher in after-hours (electronic) trading as cash prices improved, they said. Pit-traded June live cattle closed 0.625 cent per pound lower
U.S. livestock: CME live cattle rally as beef prices set new high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures offset recent losses and finished higher on Tuesday, driven by short-covering following the day’s choice wholesale beef price surge to an all-time high, traders said. June closed up 0.4 cent per pound to 151.975 cents, and August was 0.575 cent higher at 150.6 cents (all
U.S. livestock: CME live cattle, hogs stumble on supply, demand woes
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Monday on concern that supplies might outstrip demand ahead of the U.S. Memorial Day holiday-shortened work week, traders said. Packers bought fewer cattle last week which may have compounded the seasonal supply increase, they said. Cattle numbers are sufficient as grocers and restaurants
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