CHICAGO, April 12 (Reuters) – U.S. cattle futures extended gains on Wednesday, with most live and feeder cattle contracts hitting lifetime highs on investment fund buying as wholesale beef prices also climbed, traders said. The higher cattle prices came despite expectations for weaker trades this week in U.S. Plains cash cattle markets as some beef […] Read more
Stories by Michael Hirtzer
Cattle hit 2-1/2-week highs, hogs gain on fund buying
CHICAGO, April 11 (Reuters) – U.S. live cattle futures jumped to a 2-1/2 week peak on Tuesday while lean hogs were mostly higher on support from investment fund buying linked to big gains in wholesale beef prices, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle futures gained for the fifth straight session, […] Read more
Live cattle surge to 14-month high on cash gains
CHICAGO, March 22 (Reuters) – U.S. live cattle futures surged to the highest levels in 14 months on Wednesday, lifted by investment fund buying and steep gains at a weekly online cash cattle auction, traders and analysts said. Chicago Mercantile Exchange feeder cattle rose by as much as 3 percent while lean hogs were mostly […] Read more
Deferred cattle hit contract highs on spreading, fund buying
CHICAGO, March 20 (Reuters) – Chicago Mercantile Exchange cattle futures were mostly higher on Monday, with deferred months for both live and feeder cattle hitting contract highs on spreading and investment fund buying, traders and analysts said. Lean hog futures were largely lower, extending losses to the fourth straight session in a technical selloff. Most-active […] Read more
Cattle hit new highs on technical buying, beef gains
CHICAGO, March 17 (Reuters) – U.S. live cattle futures climbed to a fresh seven-week high on Friday while feeder cattle reached the highest levels since August on support from technical buying and gains in wholesale beef prices, traders said. Chicago Mercantile Exchange futures tracked gains earlier this week in Plains cash cattle markets, with meat […] Read more
Cattle futures hit 7-week high on beef packer margins
CHICAGO, March 16 (Reuters) – U.S. live cattle futures rose to a seven-week high on Thursday, boosted by recent gains in beef prices that increased profit margins for meat packers, traders and analysts said. Technical buying also was noted, with some investors buying back positions in front-month Chicago Mercantile Exchange April live cattle futures. April […] Read more
Cattle futures jump on gains in cash prices, wholesale beef
CHICAGO, March 15 (Reuters) – Chicago Mercantile Exchange live cattle futures rose about 1 percent on Wednesday, rebounding from declines in the previous session on the back of higher cash cattle trades in the southern U.S. Plains, traders and analysts said. Beef packers paid higher values for cattle to take advantage of big profit margins […] Read more
Cattle decline 1 percent on profit-taking; hogs at 3-week high
CHICAGO, March 14 (Reuters) – U.S. cattle futures declined on Tuesday, with live cattle easing 1 percent as traders locked in profits following recent steep gains and amid uncertainty over how cash markets would develop this week, traders and analysts said. Lean hog futures climbed to a three-week high at the Chicago Mercantile Exchange, boosted […] Read more
Feeder cattle up 1 pct, live cattle firm on demand
CHICAGO, March 9 (Reuters) – U.S. feeder cattle futures gained 1 percent and live cattle futures were narrowly higher on Thursday amid rising demand for animals, especially for grazing, traders and analysts said. Greening pastures in the Plains region boosted demand for lighter-weight cattle to feed on grass, with beef packers aggressively buying slaughter-weight cattle […] Read more
Hogs tumble on pork price declines; cattle extend gains
CHICAGO, Feb 22 (Reuters) – Chicago Mercantile Exchange lean hog futures fell 3.8 percent for their biggest daily loss in about a month on Wednesday, pulled down by investment fund selling tied to lower cash hog and wholesale pork prices, traders said. Live cattle futures rose, extending gains to the fourth straight session on support […] Read more
