Livestock Markets

May 16 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately higher in choppy trading on Friday, supported by short-covering, traders said. * They said futures are at a discount, or underpriced, to prices for market-ready or cash cattle which encouraged buyers. * Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report.

May 15 (Reuters) – Chicago Mercantile Exchange live cattle futures traded mixed on Thursday as investors adjusted positions before the U.S. Department of Agriculture issues the monthly Cattle-On-Feed report on Friday, traders said. * Analysts expect the data to show cattle placements last month declined from April 2013 after several years of drought in parts

May 13 (Reuters) – Chicago Mercantile Exchange live cattle futures traded mostly firm on Tuesday as funds rolled some of their June positions into contracts further back, traders said. * Tuesday is the last day in which funds that follow the Standard & Poor’s Goldman Sachs Commodity Index will sell, or roll, their June long

May 12 (Reuters) – Chicago Mercantile Exchange live cattle futures were expected to open mixed on Monday, supported by their discounts to Friday’s cash prices but pressured by sluggish beef demand, traders said.

May 9 (Reuters) – Chicago Mercantile Exchange live cattle futures slid lower on Friday, weakened by profit-taking following Thursday’s lower wholesale beef prices, traders said. * Anticipation of steady to lower prices for market-ready, or cash, cattle exerted more pressure on futures, they said. * Friday is the third of five days in which funds

May 7 (Reuters) – Chicago Mercantile Exchange live cattle futures moved upward on Wednesday, with support from their discounts to prices for market-ready, or cash, cattle last week, traders said. * Wednesday is the first of five days in which funds that follow the Standard & Poor’s Goldman Sachs Commodity Index will sell, or “roll,”

May 6 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately higher on Tuesday, supported by short-covering and futures’ discount to last week’s cash prices, traders said. * Uncertainty about market-ready, or cash, cattle prices for this week limited advances, they said. * At 8:44 a.m. CDT (1344 GMT), June was up 0.250 cent per

May 5 (Reuters) – Chicago Mercantile Exchange live cattle were expected to open higher on Monday, supported by Friday’s steady-to-strong cash prices, traders said.

May 1 (Reuters) – Chicago Mercantile Exchange live cattle futures rose on Thursday, supported by their discounts to last week’s cash prices, traders said. * U.S. Department of Agriculture export data on Thursday for the week ended April 24 showed U.S. beef sales at 11,400 tonnes, mostly to Japan, compared with 18,000 tonnes the week

April 24 (Reuters) - Chicago Mercantile Exchange live cattle futures gained modestly in volatile action on Thursday as investors adjust positions before Friday's U.S. Department of Agriculture monthly Cattle-On-Feed report, traders said. * Analysts expect Friday's report to show the number of cattle placed in feedyards in March increased 0.8 percent from a year ago