CHICAGO, July 6 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday slid to a one-month low, pressured by concerns over possibly more supplies ahead, traders said. July ended down 0.475 cent per lb to 81.575 cents. Most actively traded August finished 2.625 cents lower at 80.625 cents. The government’s quarterly hog report in late […] Read more
Stories by Theopolis Waters
CME live cattle up 4th straight day on cash, beef prices
CHICAGO, June 30 (Reuters) – Chicago Mercantile Exchange live cattle futures extended a winning streak to four sessions on Thursday with help from better-than-expected cash prices and firm wholesale beef values, traders said. June live cattle, which expired at noon CDT (1700 GMT), closed 1.100 cents per lb higher at 120.000 cents. Most actively traded […] Read more
Cash price optimism lifts CME live cattle 3rd straight day
CHICAGO, June 29 (Reuters) – Chicago Mercantile Exchange live cattle futures rose for a third day in a row on Wednesday, with help from expectations of steady or better cash prices by week’s end, traders said. June live cattle, which expires on Thursday, closed 1.825 cents per lb higher at 118.900 cents. Most actively traded […] Read more
Most CME live cattle futures rise on short-covering
CHICAGO, June 14 (Reuters) – Chicago Mercantile Exchange live cattle futures closed mostly higher on Tuesday, driven by short-covering after contracts settled down their 3.000-cents per lb daily price limit on Monday, traders said. CME’s live cattle futures will return to the normal 3.000-cents limit on Wednesday after failing to settle at the expanded limit […] Read more
Fund liquidation sinks CME live cattle futures
CHICAGO, June 10 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by fund selling and caution while awaiting market-ready, or cash, cattle prices by day’s end, said traders. June live cattle closed down 0.750 cent per lb to 122.450 cents, after drifting below the 100-day moving average of 122.71 cents. […] Read more
Cash price optimism underpins CME live cattle futures
CHICAGO, June 9 (Reuters) – Chicago Mercantile Exchange live cattle futures closed firmer on Thursday, helped by expectations that cash prices will hold steady or rise by Friday, said traders. June live cattle closed up 0.175 cent per lb at 123.200 cents, and August rose 0.125 cent to 118.850 cents. Packers in the U.S. southern […] Read more
Fund buying, beef demand rallies CME live cattle futures
CHICAGO, June 8 (Reuters) – Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said. June live cattle closed up 1.800 cents per lb to 123.025 cents, after topping the 100-day moving average of 122.67 cents. August ended 2.725 cents per lb higher […] Read more
LIVESTOCK-CME live cattle futures rise on cash price outlook
CHICAGO, June 3 (Reuters) – Chicago Mercantile Exchange live cattle futures finished firm on Friday in anticipation of better cash prices than last week, traders said. June live cattle closed 0.275 cent per lb higher at 122.000 cents, and August ended up 0.150 cent to 117.800 cents. After futures closed, a small volume of market-ready, […] Read more
Weak cash price outlook limits CME live cattle advances
CHICAGO, May 25 (Reuters) – Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating […] Read more
CME live cattle futures finish mostly higher
CHICAGO, May 16 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.400 cent per lb at 123.025 cents. August ended up 0.750 cent […] Read more
