CHICAGO, April 22 (Reuters) – Chicago Mercantile Exchange live cattle futures sped to new contract lows, accelerated by bearish fundamentals and positioning before the government’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900 GMT), traders said. Simultaneously, the U.S. Department of Agriculture will issue its monthly cold storage data that will include total March beef […] Read more
Stories by Theopolis Waters
CME live cattle ends mostly weak; hogs down slightly
CHICAGO, April 21 (Reuters) – Most Chicago Mercantile Exchange live cattle futures closed weak on Thursday after investors sold deferred months and bought April futures based on preliminary cash prices, traders said. April live cattle closed up 0.200 cent per lb to 126.500 cents. June ended down 0.375 cent per lb to 116.900 cents, and […] Read more
CME live cattle futures fall 8th straight day, hit 4-month low
CHICAGO, April 20 (Reuters) – Chicago Mercantile Exchange live cattle contracts slid for an eighth day in a row on Wednesday as long liquidation continued, said traders. April live cattle closed 1.025 cents per lb lower at 126.300 cents, and June ended down 1.300 cents per lb at 117.275 cents. Both contracts earlier sank to […] Read more
CME live cattle futures close lower; hogs higher
CHICAGO, April 19 (Reuters) – Chicago Mercantile Exchange live cattle futures lost ground again on Tuesday, pressured by more long liquidation following the morning’s wholesale beef price setback, said traders. April live cattle closed 1.150 cents per lb lower at 127.325 cents, and June ended down 0.600 cent per lb at 118.575 cents. On Wednesday, […] Read more
Technical selling sends CME live cattle futures lower
CHICAGO, April 12 (Reuters) – Chicago Mercantile Exchange live cattle futures extended Monday’s losses into Tuesday on more profit-taking and technical selling, traders said. April live cattle ended 0.550 cent per lb lower at 133.525 cents, and beneath the 100-day moving average of 133.68 cents. June closed 0.375 cent lower at 122.850 cents. Futures declined […] Read more
Profit-taking halts 3-day CME live cattle futures rally
CHICAGO, April 11 (Reuters) – Chicago Mercantile Exchange live cattle contracts settled lower on Monday after profit-taking ended futures’ three-day win streak, traders said. Fund selling surfaced after June and August slipped beneath their respective 10-day moving averages of 123.15 and 119.06 cents, which also tripped sell stops. April live cattle ended down 0.300 cent […] Read more
Technical buying drives CME live cattle futures higher
CHICAGO, April 8 (Reuters) – Chicago Mercantile Exchange live cattle contracts rose for a third day in a row on Friday, fueled by short-covering and fund buying after contracts broke through technical resistance, traders said. April live cattle ended up 1.950 cent per lb at 134.375 cents, and June closed 1.800 cent higher at 124.025 […] Read more
CME live cattle futures rise on discounts to cash prices
CHICAGO, April 7 (Reuters) – Chicago Mercantile Exchange live cattle contracts gained modestly on Thursday, with help from short-covering stirred by future’s discounts to cash prices, traders said. April live cattle ended up 0.350 cent per lb at 132.425 cents, and June closed 0.375 cent higher at 122.225 cents. So far this week, packers in […] Read more
CME feeder cattle surges 4.5-cent limit on bearish USDA corn data
CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents per lb maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of […] Read more
Fund liquidation takes down CME live cattle futures
CHICAGO, March 30 (Reuters) – Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.500 cents per lb lower at 132.350 cents, and June closed 2.450 cents lower at 123.075. Both contracts settled […] Read more
