CHICAGO, July 28 (Reuters) – Chicago Mercantile Exchange live cattle on Monday settled mixed on spreads after hitting a new high, fueled partly by Friday’s bullish U.S. Department of Agriculture cattle report, traders said. Friday’s report revealed a bigger-than-expected drop in the number of cattle moved into feedlots in June after sufficient grazing land allowed
LIVESTOCK-Mixed CME live cattle close after hitting record high
Livestock: Healthy pastures drop U.S. June cattle placements by 6 pct
Reuters — The number of cattle placed in U.S. feedlots in June fell 6 per cent from a year ago as plentiful grazing land allowed animals to be fattened outside of feedyards longer, a government report showed on Friday. Feedyards are drawing from a shallow pool of market-ready animals after years of drought in parts
LIVESTOCK: CME hog futures slide on weaker cash, pork prices
Reuters — Chicago Mercantile Exchange hog futures on Thursday finished lower, pulled down by softer cash hog and wholesale pork prices, traders said. August finished 1.375 cents per lb lower at 123.200 cents, and October at 107.900, 2.550 cents lower. The average price of market-ready, or cash, hogs Thursday morning in the eastern Midwest, fell
LIVESTOCK: CME hogs drop 3-cent price limit as funds sell off
Chicago/Reuters — Most Chicago Mercantile Exchange hog futures on Wednesday closed down the 3-cents per lb maximum daily price limit in the wake of fund liquidation, traders said. August ended 3.000 cents per lb lower at 124.575 cents, and October at 110.450, 3.000 cents lower. Packers snug on supplies for the week, and grocers reluctant
LIVESTOCK: CME live cattle jump about 2 pct on record beef prices
Reuters — Chicago Mercantile Exchange live cattle futures rose almost 2 per cent on Tuesday, fueled by short-covering in response to record-high beef prices, traders said. Tuesday morning’s wholesale price for choice beef surged $3.07 per hundredweight (cwt) from Monday to an all-time high of $253.59. Select beef climbed $2.10 to a record $246.18, according
LIVESTOCK: Beef price surge extends CME live cattle advances
Chicago Mercantile Exchange live cattle futures gained for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. August live cattle finished 1.325 cents per lb higher at 152.950 cents, and October 0.925 cent higher at 155.250. Monday morning’s wholesale price for choice beef jumped $2.02 per cwt from Friday to $250.47.
LIVESTOCK: CME live cattle climb following beef price rebound
Chicago/Reuters – Chicago Mercantile Exchange live cattle closed higher on Thursday, driven by short-covering after wholesale beef prices ended their recent downtrend, traders said. Thursday morning’s wholesale price for choice beef rose 85 cents per hundredweight (cwt) from Wednesday to $251.67. Select beef jumped $1.90 to $244.76, according to the U.S. Department of Agriculture. “You are
LIVESTOCK: Slowed beef demand weakens CME live cattle futures
Chicago/Reuters — Chicago Mercantile Exchange live cattle on Wednesday pared Tuesday’s gains following lower trending wholesale beef prices, suggesting demand may have peaked in the near term, traders said. Wednesday morning’s wholesale price for choice beef, or cutout, slipped 37 cents per hundredweight (cwt) from Tuesday to $250.16 per cwt. Select beef was down 26 cents
Livestock — Strong cash, pork prices lift CME hog futures
Chicago|Reuters — Chicago Mercantile Exchange hog futures on Monday closed higher, supported by strong prices for slaughter-ready, or cash, hogs and wholesale pork values, traders said. Monday morning’s average hog price in the Iowa/Minnesota market rose $2.58 per hundredweight (cwt) from Friday to $133.77, the U.S. Department of Agriculture said. USDA’s data showed the morning’s
U.S. livestock: CME live cattle end higher after wild ride
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed higher after volatile action, stirred by short-covering following recent market losses pegged to fund selling and sagging cash prices, traders said. Despite this week’s lower prices for market-ready or cash cattle, futures remained underpriced based on those returns which attracted buyers. August
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