CHICAGO, Feb 2 (Reuters) – Chicago Mercantile Exchange live cattle futures rose modestly on Tuesday, helped by inclement weather in the western corn belt that delayed delivery of livestock to packing plants, said traders. Blizzard conditions in the central United States shut down some Cargill and Tyson Foods beef and pork processing plants in the […] Read more
Stories by Theopolis Waters
CME live cattle futures rally ahead of USDA report
CHICAGO, Jan 22 (Reuters) – Chicago Mercantile Exchange live cattle futures gained for a second day in row on Friday, supported by follow-through buying after contracts settled up by their 3-cent-per-lb daily price limit on Thursday, said traders. Investors also tweaked positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST […] Read more
Retreating equities undermine CME live cattle futures
CHICAGO, Jan 20 (Reuters) – Chicago Mercantile Exchange live cattle futures closed lower on Wednesday, pressured by falling U.S. stock futures amid the unrelenting slide in crude oil prices, traders said. February live cattle ended 2.050 cents per lb lower at 127.250 cents, and April closed down 1.975 cents at 128.175. Bullish CME live cattle […] Read more
Speculative buying rallies CME lean hog futures
CHICAGO, Jan 12 (Reuters) – Chicago Mercantile Exchange lean hog contracts closed higher on Tuesday, strengthened by short-covering and speculative buying in anticipation of tighter seasonal supplies, traders said. Spot February finished 2.200 cents per lb higher at 61.900 cents, and April ended 1.825 cents higher at 67.300 cents. “Packer margins are strong and I […] Read more
CME live cattle futures end lower after choppy session
CHICAGO, Jan 8 (Reuters) – Chicago Mercantile Exchange live cattle contracts settled lower following Friday’s volatile session, stirred by funds that sold February and bought deferred contracts in accordance with the Standard & Poor’s Goldman Sachs Commodity Index (S&PGSCI), said traders. Friday was the first of five days of the S&PGSCI “roll” process. Simultaneously, some […] Read more
CME live cattle futures tumble 3-cent/lb price limit
CHICAGO, Jan 7 (Reuters) – Chicago Mercantile Exchange live cattle contracts ended Thursday’s session down by their 3-cents per lb daily price limit, rattled by lower preliminary cash prices and deteriorating U.S. stock futures amid China’s economic woes, traders said. February live cattle and April ended at 133.525 cents and 134.300 cents, respectively. Live cattle’s […] Read more
Slumping stock market pressures CME live cattle futures
CHICAGO, Jan 6 (Reuters) – Chicago Mercantile Exchange live cattle contracts posted modest losses on Wednesday amid investor jitters over fallen U.S. stock futures and uncertainty about cash price direction, traders said. Funds heavily invested in equities typically have a wide range of commodities in their portfolios, including CME livestock. February live cattle closed 0.250 […] Read more
Profit-taking undercuts CME live cattle futures
CHICAGO, Dec 29 (Reuters) – Chicago Mercantile Exchange live cattle futures sagged for a second straight session on Tuesday, after participants took profits in the year’s final week of trading, traders said. Spot December and February each closed 0.650 cent per lb lower, at 130.200 and 135.500 cents respectively. Traders adjusted positions while awaiting the […] Read more
CME live cattle futures rally by 3-cent limit before report
CHICAGO, Dec 18 (Reuters) – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb price limit on Friday, driven by short-covering and technical buying, traders said. Investors tweaked positions ahead of Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT). Spot December ended at 120.150 cents, […] Read more
U.S. spending bill includes repeal of COOL rule
CHICAGO, Dec 18 (Reuters) – The U.S. Congress on Friday passed a broad 2016 spending package that includes the repeal of a meat labeling law in order to avoid more than $1 billion in trade retaliation by Mexico and Canada. The omnibus spending bill is on its way to President Barack Obama to be signed […] Read more
