Tag Archives Feeder cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday hit their highest level in four months, partly driven by short-covering and cash price optimism for this week, said traders. December live cattle closed up 1.175 cents/lb. to 113.275 cents (all figures US$). Most actively-traded February ended up 0.725 cent, to 116.225 cents.

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday settled lower for the first time in five sessions, hit by profit-taking and weaker cash prices before packing plants close over the Christmas holiday, traders said. February hogs ended 2.1 cents/lb. lower at 64 cents, and April 1.2 cents lower at 67.475 cents (all

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Monday after investors sold the December contract and simultaneously bought deferred months in a market strategy known as bear-spreading, said traders. The spreads, along with modest positioning before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report, lifted some back-months

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday reached their highest level since late August, driven by short-covering following the morning’s strong wholesale beef prices, said traders. Buy stops and technical buying enhanced market advances, they said. December live cattle closed 1.6 cents/lb. higher to 112.325 cents, after breaking through the