CHICAGO, Dec 17 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday slid to their lowest level in three years, pressured by more losses price-wise for unsold cash cattle, traders said. Spot December ended down 2.825 cents per lb to 117.150 cents, and made a new contract low of 116.975. February finished 2.450 cents […] Read more
Stories by Theopolis Waters
Cash price caution drags CME live cattle futures lower
CHICAGO, Dec 16 (Reuters) – Chicago Mercantile Exchange live cattle futures slumped on Wednesday, weighed down by investor caution while waiting for the remainder of cash cattle to change hands, traders said. Spot December ended down 0.325 cent per lb to 119.975 cents, and February 0.550 cent lower at 124.925. So far, a few market-ready, […] Read more
CME live cattle futures retreat with beef quotes
CHICAGO, Dec 14 (Reuters) – Chicago Mercantile Exchange live cattle futures suffered sizable losses on Monday, with slumping wholesale beef values increasing the possibly of further cash price weakness ahead, traders said. Spot December ended down 1.925 cents per lb to 119.525 cents, and February 1.850 cents lower at 124.400. The Monday morning wholesale choice […] Read more
Bearish fundamental outlook pressures CME live cattle futures
CHICAGO, Dec 11 (Reuters) – Chicago Mercantile Exchange live cattle futures posted modest losses on Friday in anticipation of soft cash and wholesale beef values in the weeks ahead, traders said. Spot December ended down 0.100 cent per lb to 121.450 cents, and February 0.275 cent lower at 126.250. “Until we can get a prolonged […] Read more
Short-covering boosts CME live, feeder cattle futures
CHICAGO, Dec 10 (Reuters) – Chicago Mercantile Exchange live cattle contracts closed higher on Thursday, driven by short-covering that gradually gave way to this week’s lower cash prices and lackluster wholesale beef demand, traders said. Spot December closed 1.700 cents per lb higher at 121.550 cents, and February up 2.375 cents to 126.525. “It’s just […] Read more
CME live, feeder cattle futures stampede to new lows
CHICAGO, Dec 9 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to the lowest level for the life of the contract, hit by slumping prices for market-ready, or cash, cattle, traders said. Spot December closed 2.400 cents per lb lower at 119.850 cents, after marking a fresh contract low of 119.250 cents. […] Read more
CME live cattle ends mostly lower after rocky session
CHICAGO, Dec 8 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts landed in negative territory on Tuesday after an up-and-down day of trading stirred by short-covering and uncertainty about near-term cash prices, traders said. Spot December closed up 0.625 cent per lb to 122.250 cents per lb, February ended down 0.075 cent to 127.075 […] Read more
CME live, feeder cattle futures fall 3rd straight session
CHICAGO, Nov 5 (Reuters) – Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.400 cents per lb, down 2.825 cents, and February 2.750 cents lower at 136.900. On Thursday, packers in […] Read more
Drop in beef prices weighs on CME live cattle futures
CHICAGO, Nov 3 (Reuters) – Chicago Mercantile Exchange live cattle futures fell on Tuesday, weakened by lower wholesale beef prices that could pressure cash values later this week, traders said. Spot December closed 1.450 cents per lb lower at 140.225 cents, and February 1.050 cents lower at 142.650 cents. Tuesday morning’s wholesale choice beef price […] Read more
CME live cattle futures close lower, but up from session lows
CHICAGO, Oct 27 (Reuters) – Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents per lb lower at $136.675 cents, but is currently down 0.675 cents to 138.875 […] Read more
