Tag Archives CME

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents-per-lb daily price limit on Monday, driven by fund buying and Friday’s mildly bullish government monthly cattle report, said traders. August and October live cattle closed at 112.950 cents and 111.075 cents per lb, respectively. Live cattle’s trading limit will be expanded

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Friday after short-covering and bargain hunting snapped a three-day losing streak, traders said. August live cattle ended 2.425 cents per lb higher at 109.950 cents, and October closed 2.375 cents higher at 108.075 cents. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday at 2

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Thursday slumped to a five-year low in anticipation of increased supplies that could further pressure wholesale beef prices, traders said. August live cattle ended 1.900 cents per lb lower at 107.525 cents, and October closed 2.375 cents lower at 105.700 cents. Affordable grain reduced cattle input costs which translates into plenty

Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts closed sharply lower on Tuesday, undercut by technical-related selling that wiped out Monday’s gains, traders said. They said August futures led losers after investors periodically sold that contract and simultaneously bought deferred months in a trading strategy known as bear spreading. August live cattle ended 2.050 cents per lb lower