Tag Archives cattle futures

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

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to their lowest point since mid-October after the steep drop in cash and wholesale beef prices, traders said. December ended down two cents per pound at 164.45 cents, and February 2.1 cents lower at 164.875 cents (all figures US$). This week, market-ready

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended moderately lower on Thursday after a choppy session in which anticipation of lower cash prices overtook sporadic short-covering, traders said. December closed 0.4 cent per pound lower at 166.45 cents, and February down 0.15 cents at 166.975 cents. Packers curtailed production to stabilize their

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged Wednesday in anticipation of weaker prices for slaughter-ready (cash) cattle, traders said. Futures’ losses, sunken margins and packers struggling to sell significant amounts of beef to retailers are bearish cash price indicators. Additionally, cash prices tend to slump seasonally in late November, but snap

Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Tuesday on profit-taking that wiped out Monday’s gains, traders said. Prospective futures buyers clung to the sidelines, given the morning’s wholesale beef values pullback and unprofitable packer margins that could weigh on this week’s cash prices. Last week, market-ready, or cash, cattle in

Chicago | Reuters — Lightly traded Chicago Mercantile Exchange feeder cattle contracts on Monday closed up the maximum three-cents-per-pound daily price limit fuelled by live cattle futures’ rebound, traders said. Fund buying and buy stops contributed to CME feeder cattle market advances, they said. January ended at 234.075 cents and March at 233.2 cents (all