CHICAGO, Jan 27 (Reuters) – Chicago Mercantile Exchange live cattle futures settled weaker on Friday ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT), said traders. Analysts, on average, expect the report to show 8.4 percent more cattle were placed into U.S. feedlots in December than a year […] Read more
Stories by Theopolis Waters
CME hog futures surge to near 6-month high
CHICAGO, Jan 25 (Reuters) – Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fueled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents. February hogs ended […] Read more
Technical selloff sends CME hog futures lower
CHICAGO, Jan 23 (Reuters) – Chicago Mercantile Exchange lean hog futures closed weaker on Monday, partly pressured by sell stops and fund liquidation, said traders. February hogs ended 0.300 cent per pound lower at 65.000 cents, and under the 10-day moving average of 65.267 cents. April closed 0.700 cent lower at 67.775 cents, and below […] Read more
Cash prices again push CME live cattle futures higher
CHICAGO, Jan 19 (Reuters) – Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week’s cash price surge, traders said. February live cattle closed 0.750 cent per pound higher at 121.025 cents, and April closed up 0.475 cent to 119.875 cents. Both contracts notched 10-month highs […] Read more
Cash prices boost CME live cattle to 10-month high
CHICAGO, Jan 17 (Reuters) – Chicago Mercantile Exchange nearby live cattle contracts on Tuesday climbed to their highest level in 10 months after investors digested last week’s better-than-expected cash prices, traders said. February live cattle closed 1.050 cents per pound higher at 119.575 cents, and April up 1.075 cents to 119.000 cents. “It was a […] Read more
Profit-taking, beef quotes drop CME live cattle futures
CHICAGO, Jan 11 (Reuters) – Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.400 cent per pound lower at 119.125 cents. CME live cattle will return to its normal 3-cents trading limit on Thursday after failing […] Read more
CME live cattle futures turn lower, hogs gain modestly
CHICAGO, Jan 5 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday gave back some of Wednesday’s gains, pressured by profit-taking and technical selling, said traders. They said early-session futures buying subsided after investors digested this week’s cash prices. February live cattle closed 0.600 cent per pound lower at 115.075 cents. April ended down […] Read more
Fund buying rallies CME live cattle, hog futures
CHICAGO, Jan 4 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday reversed the prior day’s losses, with strength from technical buying and short covering, said traders. February live cattle closed 0.800 cent per pound higher at 115.675 cents. April ended up 0.775 cent at 114.725 cents and above the 10-day moving average of […] Read more
CME lean hog futures retreat from 4-month high
CHICAGO, Jan 3 (Reuters) – Chicago Mercantile Exchange lean hogs settled lower on Tuesday after profit-taking and fund liquidation dropped futures from an early-session four-month high, said traders. February hogs ended 2.650 cents per pound lower at 63.500 cents. April closed down 1.175 cents to 66.900 cents. Both contracts finished below their respective 10-day moving […] Read more
CME live cattle soars to 6-month high on cash price hopes
CHICAGO, Dec 29 (Reuters) – Chicago Mercantile Exchange live cattle futures on Thursday surged to a six-month high, fueled by the recent rally in wholesale beef values and steady-to-firmer cash price expectations for unsold cattle, said traders. December live cattle, which will expire on Friday, closed 2.725 cents per pound higher at 118.700 cents. Most […] Read more
