Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Tuesday supported by fund buying and higher prices paid in the cash cattle market, traders said. The October CME live cattle touched its highest level since Aug. 7, fuelled by the higher cash trade. The October contract traded through the 40-day moving […] Read more
U.S. livestock: CME live cattle supported by fund buying, higher cash
U.S. livestock: CME live cattle supported by higher cash trade
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled up on Friday boosted by higher prices in the cash cattle market, traders said. Cash cattle, or market-ready cattle, sold in the U.S. Plains at $155 to $156 per hundredweight (cwt), traders said (all figures US$). Last week, cash cattle in Kansas and Nebraska […] Read more
U.S. livestock: CME live cattle end slightly lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled slightly lower on Monday after touching a contract high, pressured by profit-taking, traders said. “While nothing is really changed in the long term we’re going to see short-term fluctuations in this market,” Broadbent said. Tight cattle supply and overseas demand for U.S. beef continue […] Read more
U.S. livestock: Strong cash market supports CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday in light pre-holiday volume, gaining on follow-through buying a day after cash market prices touched highs, traders said. Cash cattle in the U.S. Plains traded mostly at $158 per hundredweight (cwt) on Wednesday, $3 higher than the previous week (all figures […] Read more
U.S. livestock: Lean hogs fall on profit-taking, technical selling
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market […] Read more
U.S. livestock: CME live cattle end two per cent higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle ended sharply higher on Monday, rising two per cent, supported by tight cattle supplies, higher wholesale beef prices and higher cash market prices, traders said. U.S. Department of Agriculture data showed cattle in the cash market traded at $144 per hundredweight (cwt) in Texas last week, […] Read more
U.S. livestock: CME lean hogs end higher, live cattle narrowly mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Friday, supported by fund buying, anticipation of high cash prices and tight hog supplies, traders said. Lean hog futures rose more than one per cent on the day as consumer demand for grilling season grows even as pork and beef retail prices rise, […] Read more
U.S. livestock: CME feeder, live cattle end higher on tight supplies
Reading Time: 2 minutes Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up 0.75 cent at 200.25 cents/lb. […] Read more
U.S. livestock: CME lean hogs end lower on soft cash market, heavy weights
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts closed lower on Wednesday pressured by soft prices in the cash hog market as heavy weight hogs also dragged on futures, traders said. The front-month June contract traded at a premium to the CME lean hog index of 110.34, which also weighed. The CME June […] Read more
U.S. livestock: CME live cattle end up on beef demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday as strong beef demand and expectations of higher prices in the cash market lent support, traders said. “When you have futures trading at a discount to the cash market, that usually creates a bullish situation,” Lane Broadbent, president of KIS Futures, said. […] Read more
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