CHICAGO, Nov 7 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the […] Read more
Stories by Theopolis Waters
CME live cattle, hog futures extends losses
CHICAGO, Nov 4 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle […] Read more
CME live cattle, hog futures stumble on profit-taking
CHICAGO, Nov 3 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 […] Read more
CME live cattle futures leap to one-month high
CHICAGO, Nov 1 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle […] Read more
CME lean hog futures rise for third straight session
CHICAGO, Oct 31 (Reuters) – Chicago Mercantile Exchange lean hog futures on Monday settled higher for a third consecutive session, with strength from buy stops and firmer wholesale pork values on the final trading day for the month, traders said. Most actively traded December lean hogs closed 1.150 cents per pound higher at 47.950 cents. […] Read more
CME hog futures climb despite Smithfield plant close
CHICAGO, Oct 27 (Reuters) – Chicago Mercantile Exchange lean hog futures pared the prior day’s losses on Thursday, led by technical buying in the face of ample packer inventories and a temporary shutdown at an East Coast packing plant, traders said. December lean hogs finished 1.175 cent per pound higher at 45.375 cents. February ended […] Read more
Fundamentals undercut CME hog futures; cattle end higher
CHICAGO, Oct 26 (Reuters) – Chicago Mercantile Exchange lean hog futures finished weaker for the first time in four sessions on Wednesday, pressured by profit-taking and uneasiness about cash and wholesale pork prices as October Pork Month winds down, said traders. December lean hogs finished 0.425 cent per pound lower at 44.200 cents, and February […] Read more
CME hog futures extend rally, cattle snap winning streak
CHICAGO, Oct 25 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and February futures opened above their respective 20-day moving averages of 42.51 […] Read more
CME live cattle rally 3rd straight session to 3-week high
CHICAGO, Oct 24 (Reuters) – Chicago Mercantile Exchange live cattle futures rose for a third consecutive session to their highest level in three weeks, fueled by Friday’s strong cash prices and the U.S. government’s bullish monthly Cattle-On-Feed report, traders said. Friday’s U.S. Department of Agriculture report showed 2.0 percent less cattle entered feedlots in September […] Read more
CME hog futures stumble as supplies grow
CHICAGO, Oct 18 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday slumped for a third consecutive session, weakened by already ample supplies as Smithfield Foods’ East Coast plants return to full operations after being idled by Hurricane Matthew, traders said. Most-actively traded December lean hogs finished down 0.475 cent per pound to 41.125 […] Read more
