Meredith Davis

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday pressured by profit-taking and fund long liquidation, while expectations of steady cash trade lent support, traders said. Funds adjusted positions to exit long positions ahead of first notice day on Dec. 9., traders said. Some investors sold the December contract, which expires Dec. 31, […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures rose on Wednesday supported by higher cash cattle trades this week, analysts and traders said. Beef packers this week in Kansas paid $132 per hundredweight (cwt), up $1 from last week’s trade (all figures US$). Some analysts and traders had expected steady trade with last week. “This market has […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures settled higher on Tuesday, supported by fund buying while investors await cash cattle to trade this week, traders and analysts said. December cattle traded through both the 10-day and 20-day moving averages. The front-month contract settled up 0.875 cent per pound at 131.95 cents, just above the 10-day moving […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday as investors await this week’s cash prices, traders and analysts said. CME live cattle traders are expecting cash cattle to trade no worse than steady with last week’s mostly $131-per-hundredweight (cwt) sales. Preliminary estimates show more cattle up for sale this week. “They (packers) […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle settled narrowly mixed on Friday pressured by lower beef prices this week and by investors adjusting positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CST, traders and analysts said. Analysts expect the report to show an increase in the number of cattle placed in feedlots […] Read more

Reading Time: 2 minutes CME live cattle futures rose on Thursday on short-covering after recent market losses and on investors pricing in initial cash sales, traders said. On Thursday, cash cattle in Kansas and Texas lightly traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). Lacklustre beef demand and poor […] Read more

Reading Time: 2 minutes CME lean hogs ended higher on Wednesday, supported by fund buying after futures returned above technical resistance levels, traders and analyst said. December hogs settled 0.825 cent per pound higher at 86.25 cents and above the 100-day moving average of 85.34 cents (all figures US$). February closed up 1.025 cents at 90.925 cents. It finished […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, pressured by technical selling and weaker wholesale beef prices, analysts and traders said. As the Thanksgiving holiday season approaches beef demand typically diminishes in favor of turkey and ham. Analysts said less demand may cause a backlog of beef products, which could drive wholesale prices […] Read more

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday on fund liquidation in a technical selloff with spot December ending down 1.24 per cent, traders and analysts said. Spot December fell to a one-month low in earlier dealings and, though paring losses, still ended near the session low. A large sell stop was […] Read more