Chicago / Reuters – Chicago Mercantile Exchange lean hogs closed higher on Tuesday on short-covering ahead of the Christmas holiday and before the U.S. Department of Agriculture’s quarterly hog report at 2 p.m. CST (2000 GMT), traders said. Analysts expect the report, which will be released while Globex hog futures are trading, to show herd
U.S. livestock: Hogs climb on short-covering before USDA report
U.S. livestock: CME live cattle up 3rd straight day; hogs slide
Chicago Mercantile Exchange live cattle rose for a third day in a row Monday on short-covering and positioning before the Christmas holiday, traders said. CME live cattle drew more support from buy stops and fund buying after February and April surpassed their respective 10-day moving averages of 160.64 cents and 160.18 cents. December closed 1.100
U.S. livestock: Feeder cattle climb before USDA report
Chicago Mercantile Exchange live cattle futures closed higher on Friday, on short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT). Analysts expect the data to show high-priced calves prompted feedlots to buy fewer of them for fattening. Sluggish wholesale beef demand and uncertainty regarding prices for
U.S. livestock: Expanded limits break CME feeder cattle losing streak
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle surged Thursday on short covering in volatile action after the exchange expanded futures trading limits, following three-cent-per-pound limit-down settlements five days in a row. CME took emergency steps on Wednesday to stem the plunge in feeder cattle contracts by increasing its limit to 4.5 cents/lb. from
U.S. livestock: CME feeder cattle extend limit-down string to fifth day
Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures settled down their three cents per pound daily price limit for a fifth straight day on Wednesday, led by the recent plunge in cash feeder cattle prices, traders said. January and March closed at 216.6 cents and 212.25 cents, respectively (all figures US$).
U.S. livestock: CME feeder cattle drop limit fourth straight session
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures finished down their three cents per pound daily price limit on Tuesday for a fourth day in a row following sharply lower cash prices, traders said. Fund selling, sell stops and CME live cattle’s subsequent limit-down settlement further pressured feeder cattle contracts. The inability
U.S. livestock: CME feeder cattle future tumble three-cent limit
Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their three cents per pound maximum daily price limit Thursday on sell stops and deferred-month live cattle market selling, traders said. The day’s corn price gains hastened CME feeder cattle losses. Traders cited the exchange’s slipping feeder cattle index, which reflected
U.S. livestock: Live cattle, hogs end mixed after volatile session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed after choppy action on Wednesday as investors searched for clear fundamental direction, traders said. December live cattle closed up 0.075 cent per pound at 162.475 cents, and February was down 0.2 cent, to 162.85 cents (all figures US$). Prices for market-ready (cash) cattle
U.S. livestock: CME live cattle break losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday on short-covering, ending five straight losing sessions, led by bearish fundamentals, traders said. December live cattle closed 0.95 cent per pound higher at 162.4 cents, and February was at 163.05 cents, up 1.175 cents (all figures US$). Investors who had recently
U.S. livestock: CME live cattle see biggest one-day percentage loss in three months
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell almost two per cent on Monday, their biggest daily percentage loss since early October, partly pressured by bearish fundamentals, traders said. Sell stops and active fund selling accelerated losses that dropped December and February by their maximum three cents per pound daily price limit,
Cyber-Savvy Farmer
