Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished down sharply on Tuesday, pressured by preliminary sales of slaughter-ready or cash cattle at lower prices, traders said. August ended down the three-cents-per-pound daily price limit at 149.625 cents (all figures US$). October finished 2.775 cents lower, at 147.675 cents. On Tuesday morning, a
U.S. livestock: CME live cattle fall sharply with initial cash prices
U.S. livestock: CME live cattle turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures on Monday closed higher on short-covering after last week’s heavy losses, traders said. August ended up 0.075 cent per pound at 152.625 cents, October 0.45 higher at 150.45 and December one cent higher at 151.25 cents (all figures US$). Futures made headway after settling
U.S. livestock: CME live, feeder cattle end limit-down
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed down the maximum three cents per pound allowed under the daily price limit on Friday, pressured by steady to lower returns for unsold market-ready or cash cattle based on sales earlier in the week. On Friday, cash cattle in Texas moved at $160
U.S. livestock: CME live cattle slump with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Thursday, pressured by lower prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas sold at $161 per hundredweight (cwt), down $1 from last week, feedlot sources said. They reported cash sales in Kansas of $160, $3 lower than a
U.S. livestock: CME live cattle, hogs end firm after choppy session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed firm, supported by their discounts to last week’s prices for market-ready or cash cattle, traders said. CME hogs also posted gains, helped by short-covering after brushing aside lower cash and wholesale prices, they said. The live cattle market chopped around throughout the
U.S. livestock: CME hogs fall on worries of supply increase ahead
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Tuesday, weighed down by concerns that unseasonably cool midsummer weather will persist into the fall and boost supply by putting weight on hogs quicker, traders and analysts said. Hog weights have declined modestly so far this summer, but remain well above last year’s
LIVESTOCK: CME live cattle fall, pressured by equities tumble
Chicago Mercantile Exchange live cattle contracts closed sharply lower on Thursday, pulled down by the stock market’s sheer drop caused by European deflation and Argentina default worries. Wall Street investors dumped long positions across a broad range of commodities, including CME livestock futures, an analyst said. Global economic jitters could undermine consumer confidence, which could
Cargill, citing shrinking cattle herd, to shut Wisconsin beef plant
Reuters — Cargill Inc, one of the nation’s largest beef processors, said on Wednesday it plans to close its Milwaukee, Wisconsin, beef-processing plant on Friday, because the size of the U.S. herd has fallen to its smallest in 63 years. The ground beef production side of the plant, which employs about 200 people, will remain
LIVESTOCK – CME hogs futures slump on lower cash, pork prices
CHICAGO, July 30 (Reuters) – Chicago Mercantile Exchange hogs on Wednesday settled lower, pressured by weak prices for slaughter-ready, or cash, hogs and pork at wholesale, traders said. August finished 2.300 cents per lb lower at 119.150 cents, and October was down 2.375 to 103.700. The Wednesday afternoon average price of hogs in Iowa/Minnesota dropped
LIVESTOCK – CME hogs futures fall with sagging cash prices
CHICAGO, July 29 (Reuters) – Chicago Mercantile Exchange hogs on Tuesday finished lower following slumping prices for ample supplies of slaughter-ready animals, traders said. August finished 2.225 cents per lb lower at 121.450 cents, and October down 0.550 to 106.075. The morning’s average price of hogs in Iowa/Minnesota fell $1.23 per cwt from Monday, and
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