CHICAGO, June 9 (Reuters) – Chicago Mercantile Exchange live cattle contracts were weakened Friday by profit-taking and investor caution as they await the bulk of this week’s cash cattle sales, said traders. Futures discounts to initial cash prices limited market losses, they said. June closed down 0.125 cent per pound to 131.250 cents, and August […] Read more
Stories by Theopolis Waters
CME live cattle close mixed, hog futures higher
CHICAGO, June 8 (Reuters) – Chicago Mercantile Exchange live cattle futures settled mixed on Thursday after an up-and-down session, supported by futures’ discounts to preliminary cash prices but pressured by profit-taking, traders said. June closed up 0.175 cent per pound at 131.375 cents, and August down 0.150 cent at 124.025 cents. On Thursday, a small […] Read more
CME live cattle futures climb to 1-month top
CHICAGO, June 2 (Reuters) – Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated cash prices generated more buying. June closed 3.400 cents per pound higher at 1s 30.825 cents, and August 1.350 cents higher at 126.050 cents. […] Read more
Strong cash prices boosts CME live cattle by 3-cent limit
CHICAGO, June 1 (Reuters) – Chicago Mercantile Exchange live cattle settled up their 3.000 cent per pound daily price limit on Thursday, fueled by short-covering following stronger-than-expected cash prices, said traders. Fund buying and futures’ discounts to this week’s cash returns enhanced market gains, they said. June and August closed limit up at 127.425 and […] Read more
Fund buying extends CME live cattle futures gains
CHICAGO, May 31 (Reuters) – The previous session’s Chicago Mercantile Exchange live cattle advances carried over into Wednesday, with support from fund buying and short-covering on the final trading session of the month, said traders. Futures’ discounts to this week’s initial cash prices provided additional market support, they said. June ended up 1.450 cents per […] Read more
Bearish USDA report rattles CME live cattle futures
CHICAGO, May 26 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday finished sharply lower, hit by fund liquidation and the morning’s bearish U.S. Department of Agriculture Cattle-On-Feed report, said traders. The report showed the number of cattle placed in feedlots in April hit a 14-year high for the month. Traders said fund liquidation […] Read more
Funds, bargain buying rallies CME live cattle futures
CHICAGO, May 25 (Reuters) – Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent losses, stirred by fund buying and bargain hunting as the U.S. Memorial Day holiday approaches, said traders. They said futures’ discounts to this week’s cash prices attracted would-be buyers. June closed 1.800 cents per pound higher at 123.925 […] Read more
CME live cattle retreat following initial cash prices
CHICAGO, May 24 (Reuters) – Chicago Mercantile Exchange live cattle contracts slumped on Wednesday, pulled down by technical selling and lower preliminary cash prices, said traders. June closed 0.950 cent per pound lower at 122.125 cents. August closed 1.400 cents lower at 119.925 cents, and below the 10-day moving average of 120.130 cents. Wednesday morning’s […] Read more
CME hog futures hit 3-month high; live cattle 5-week low
CHICAGO, May 16 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday reached their highest level since mid-February, fueled by strong cash and wholesale pork prices, traders said. June futures led gainers after investors bought that contract and sold deferred months, prompted by bullish market fundamentals, traders said. June closed 1.475 cents per pound […] Read more
Profit-taking plunges CME live cattle by 3-cent limit
CHICAGO, May 5 (Reuters) – Chicago Mercantile Exchange nearby live cattle futures on Friday finished down their 3-cents daily price limit, hit by profit-taking after spiking this week to new highs, said traders. Friday was the first of five days that funds in CME’s livestock markets that track the Standard & Poor’s Goldman Sachs Commodity […] Read more
