Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures retreated on Thursday after investors pocketed profits in anticipation of steady or lower cash prices, traders said. October live cattle ended at 157.375 cents per pound, 2.325 lower, and December fell 2.4 cents to 159.7 (all figures US$). Futures slid after packers in Texas and
U.S. livestock: CME live cattle slump on cash price outlook
U.S. livestock: CME live cattle end mixed after choppy session
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday, supported by October future’s discount to last week’s cash prices but pressured by profit-taking, traders said. October closed at 159.7 cents per pound, up 0.025 cent, and December down 0.175 cent to 162.1 cents (all figures US$). Last week, market-ready, or cash,
U.S. livestock: Strong pork prices boost hogs more than two per cent
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed up over two per cent on Tuesday, lifted by the bounce in wholesale pork values and cash price optimism, traders said. October closed 2.7 cents per pound higher at 105.775 cents, and December up 2.2 cents at 98.25 cents (all figures US$). The morning’s wholesale
U.S. livestock: CME live cattle end lower as funds roll positions
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Monday as funds rolled their positions by selling the October contract and buying deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted October long positions further back in a procedure known as the “roll” by followers of
U.S. livestock: CME live cattle, hogs close up sharply with cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished nearly two per cent higher on Friday as supply-strapped packers spent more for slaughter-ready, or cash, cattle than expected, traders said. October live cattle settled ended up 2.7 cents per pound at 159.75 (all figures US$). December closed at 160.925, up 2.425 cents after
U.S. livestock: CME live cattle close mixed, hogs mostly lower
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Thursday, supported by initially higher cash prices while pressured by profit-taking, traders said. October live cattle ended up 1.625 cents per pound at 157.05 cents, and December at 158.5, up 0.5 cent (all figures US$). February finished 1.4 cents lower at 156.7,
U.S. livestock: CME live cattle jump up nearly two per cent
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed nearly two per cent on Wednesday, their biggest one-day percentage increase in 1 1/2 months, driven by strong cash price expectations for this week, traders said. October live cattle ended up the maximum three cents per pound daily price limit at 155.425. December closed
U.S. livestock: Cash price optimism rallies CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures turned up sharply on Thursday in anticipation of steady-to-better prices for market-ready or cash cattle this week, traders said. Futures drew more support from their discounts to last week’s cash cattle returns. August live cattle, which will expire on Friday, ended up 1.45 cent per
U.S. livestock: CME hogs extend gains on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Wednesday gained for a third day in a row, supported by short-covering ahead of the U.S. Labour Day holiday, traders said. Fund buying developed after some CME hog contracts broke through moving average resistance levels. October closed 0.825 cent per pound higher at 95.925 cents
U.S. livestock: Short-covering sends CME hog futures higher
Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Tuesday, driven by short-covering as some investors prepare for an early start of the Labour Day holiday weekend, traders said. Speculators bought CME hogs in the belief that the two-week slump in prices for slaughter-ready, or cash, hogs may be about to end.