CHICAGO, Aug 18 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents per pound lower at 113.575 cents. October closed 1.825 cents lower at 110.575 cents and below the […] Read more
Stories by Theopolis Waters
Pork price turnaround sends CME lean hog futures higher
CHICAGO, Aug 17 (Reuters) – Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.150 cents per pound higher at 61.000 cents, and December finished up 1.300 cents to 56.750. After falling almost $3 per cwt the […] Read more
CME lean hogs up again on cash, pork prices
CHICAGO, Aug 15 (Reuters) – Chicago Mercantile Exchange lean hog contracts closed higher for a second consecutive session on Monday, buoyed by stronger cash and wholesale pork prices, traders said. October ended 2.500 cents per lb higher at 62.500 cents and December finished up 2.075 cents to 57.025. Cash hog prices in the U.S. Midwest […] Read more
Profit-taking undercuts CME live cattle futures
CHICAGO, Aug 8 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by fund selling and profit-taking after last week’s market rally, traders said. August live cattle ended 0.750 cent per lb lower at 116.925 cents. October closed 0.875 cent lower at 114.650 cents and below the 100-day moving average of […] Read more
CME live cattle futures shrug off early selling
CHICAGO, July 18 (Reuters) – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 cents. October closed […] Read more
Fund selloff reverses CME live cattle futures rally
CHICAGO, July 15 (Reuters) – Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.800 cents per lb lower at 110.925 cents, and October closed 2.225 cents lower at 109.850 cents. Both […] Read more
CME live cattle prices climb as funds roll out of August positions
CHICAGO, July 14 (Reuters) – Chicago Mercantile Exchange (CME) live cattle futures gained for a second consecutive session on Thursday, supported by technical buying and the roll by funds out of August into deferred months, traders said. Thursday was the last of five days that funds in CME’s livestock markets that track the Standard & […] Read more
Supply worries again sink CME live cattle to 5-year low
CHICAGO, July 12 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday sank to a five-year low for a second straight session in anticipation of weak cash prices by Friday, traders said. August ended 0.450 cent per lb lower at 108.900 cents, and earlier posted a new contract low of 108.175 cents. October finished […] Read more
CME live cattle futures gain on cash price discount
CHICAGO, July 8 (Reuters) – Chicago Mercantile Exchange live cattle futures gained modestly on Friday, but eased from session highs, helped by their discounts to this week’s cash prices that fell shy of expectations, traders said. August ended 0.425 cent per lb higher at 112.225 cents, and October finished up 0.100 cent to 112.325 cents. […] Read more
CME live cattle drop as funds roll August positions
CHICAGO, July 7 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Thursday following the roll by funds out of August into deferred months ahead of similar moves beginning on Friday, traders said. Friday is the first of five days in which funds in CME’s live cattle and lean hog markets that track […] Read more
