Profit-taking undercuts CME live cattle futures

CHICAGO, Nov 24 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday were weakened by profit-taking during a shortened session following the U.S. Thanksgiving Day holiday. CME livestock markets closed early at 12:15 p.m. CST (1815 GMT) and will resume on Monday at 8:30 a.m. CST (1430 GMT). Technical selling, and potential cattle supply […] Read more

CME live cattle rebounds on cash, beef prices

CHICAGO, Nov 21 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live […] Read more

CME live cattle slip on softer cash, beef prices

CHICAGO, Nov 16 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle-On-Feed report. “We saw a small rally yesterday, and a steady opening today, that […] Read more


Short-covering pares recent CME live cattle losses

CHICAGO, Nov 15 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday settled higher after short-covering helped recoup some of the market’s recent cash price related losses, traders said. A few investors adjusted positions before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report on Friday. December live cattle finished 0.700 cent per pound higher […] Read more

Lower cash prices drop CME hogs to one-month low

CHICAGO, Nov 14 (Reuters) – Chicago Mercantile Exchange lean hogs on Tuesday slid to their lowest level in a month after downward-trending cash prices triggered sell orders, traders said. Fund selling developed after some contracts drifted below technical support areas. December hogs ended 2.325 cents per pound lower at 59.975 cents, and below the 100-day […] Read more


CME live cattle futures slump 3rd straight session

CHICAGO, Nov 8 (Reuters) – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred […] Read more

Cash price unease weakens CME live cattle futures

CHICAGO, Nov 7 (Reuters) – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February […] Read more

Profit-taking undercuts CME live cattle futures

CHICAGO, Nov 6 (Reuters) – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday […] Read more


CME live cattle futures retreat from 5-month high

CHICAGO, Nov 2 (Reuters) – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of […] Read more

CME live cattle hits three-month high on cash price outlook

CHICAGO, Oct 26 (Reuters) – Chicago Mercantile Exchange live cattle futures reached their highest level in nearly three months on Thursday, fueled by short-covering and renewed optimism for this week’s cash prices, said traders. October live cattle, which will expire on Oct. 31, finished 1.125 cents per pound higher at 114.150 cents. Most actively traded […] Read more