CHICAGO, May 6 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday stretched their consecutive win streak to six sessions, helped by optimism for cash prices by late afternoon that offset stagnant wholesale beef demand, traders said. June live cattle closed 1.100 cents per lb higher at 120.725 cents, and August ended up 0.475 […] Read more
Stories by Theopolis Waters
CME live cattle futures rally 5th day in a row
CHICAGO, May 5 (Reuters) – Chicago Mercantile Exchange live cattle futures finished higher for a fifth successive session on Thursday, driven by lighter cattle weights and the morning’s firm wholesale beef prices, traders said. June live cattle closed 2.175 cents per lb higher at 119.625 cents, and August ended up 2.125 cents at 117.425 cents. […] Read more
More gains for CME live cattle futures, hogs turn lower
CHICAGO, May 4 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday gained for a fourth day in a row, after technical buying and futures’ discounts to last week’s cash prices offset early-session selling, traders said. June live cattle closed 1.075 cents per lb higher at 117.450 cents, and August ended up 0.950 cent […] Read more
CME live cattle futures up 3rd straight session
CHICAGO, May 3 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday marked three days of gains, supported by their discounts to last week’s prices for market-ready, or cash, cattle, traders said. June live cattle closed 0.575 cent per lb higher at 116.375 cents, and August ended up 0.625 cent at 114.350 cents. Cash […] Read more
CME live cattle futures extends gains
CHICAGO, May 2 (Reuters) – Chicago Mercantile Exchange live cattle contracts on Monday landed in positive territory for a second straight session, driven by more short-covering and futures’ discounts to last week’s cash prices, traders said. June live cattle closed 0.875 cent per lb higher at 115.800 cents, and August ended up 1.300 cents at […] Read more
CME live cattle futures close higher but off highs
CHICAGO, April 29 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday reversed some of Thursday’s steep losses, helped by short-covering after investors squared positions on the last trading session for the month, traders said. April live cattle, which expired at noon CDT (1700 GMT), settled 0.250 cent per lb higher at 123.100 cents. […] Read more
Sluggish beef demand sinks CME live cattle futures
CHICAGO, April 28 (Reuters) – Chicago Mercantile Exchange live cattle futures settled sharply lower on Thursday, with the June contract down by the 3-cents per lb daily price limit, as sluggish beef demand threatened to pressure cash prices by Friday, traders said. Lightly-traded April live cattle, which has no limit on the final two days […] Read more
CME live cattle futures close lower, but off lows
CHICAGO, April 27 (Reuters) – Chicago Mercantile Exchange live cattle futures settled lower on Wednesday after sluggish wholesale beef demand renewed expectations for weak cash prices by Friday, traders said. Short-covering and bargain hunting freed contracts from session lows, they said. April live cattle, which will expire on Friday, closed 0.800 cent per lb higher […] Read more
More short covering extends CME live cattle futures gains
CHICAGO, April 26 (Reuters) – Chicago Mercantile Exchange live cattle future’s rallied again on Tuesday, led by more short-covering and sentiments that last week’s selloff was overdone, traders said. April live cattle closed 1.250 cents per lb higher at 126.800 cents, and June ended 2.150 cents per lb higher at 118.750 cents. “We saw short-covering […] Read more
Short covering rallies CME live cattle futures
CHICAGO, April 25 (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher on Monday, helped by short covering and futures’ discounts to last week’s cash prices, traders said. April live cattle closed 0.825 cent per lb higher at 125.550 cents, and June ended 1.950 cents per lb higher at 116.600 cents. Last week, market-ready, […] Read more
