Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures gained for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. August live cattle finished 1.325 cents per lb higher at 152.950 cents, and October 0.925 cent higher at 155.250. Monday morning’s wholesale price for choice beef jumped $2.02 per cwt from Friday to $250.47. […] Read more
LIVESTOCK: Beef price surge extends CME live cattle advances
Livestock — Strong cash, pork prices lift CME hog futures
Reading Time: 2 minutes Chicago|Reuters — Chicago Mercantile Exchange hog futures on Monday closed higher, supported by strong prices for slaughter-ready, or cash, hogs and wholesale pork values, traders said. Monday morning’s average hog price in the Iowa/Minnesota market rose $2.58 per hundredweight (cwt) from Friday to $133.77, the U.S. Department of Agriculture said. USDA’s data showed the morning’s […] Read more
U.S. livestock: CME live cattle end higher after wild ride
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed higher after volatile action, stirred by short-covering following recent market losses pegged to fund selling and sagging cash prices, traders said. Despite this week’s lower prices for market-ready or cash cattle, futures remained underpriced based on those returns which attracted buyers. August […] Read more
U.S. livestock: Cash price drop rattles CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday fell for a fourth straight day, pressured by lower prices for market-ready or cash cattle, traders said. Cash cattle in the U.S. Plains sold at $155 to $156 per hundredweight (cwt), $2 to $3 lower than last week’s record highs, said feedlot sources […] Read more
U.S. livestock: Fund liquidation sinks CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday closed lower, pressured by fund liquidation that erased short-covering advances early in the session, traders said. More selling developed after the August and October contracts slipped below their respective 10-day moving averages of 152.31 and 155.03 cents, which triggered sell stops. August live […] Read more
U.S. livestock: CME live cattle futures drop as funds roll positions
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled lower as funds rolled their positions by selling the August contract and buying deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted August long positions further back in a procedure known as the “roll” by followers of […] 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: Record-high cash prices boost CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled up sharply, supported by slaughter-ready or cash prices that hit all-time highs, traders said. Cash cattle in Kansas and Texas moved at mostly $158 per hundredweight (cwt), topping last week’s record by $3, according to feedlot sources (all figures US$). Feedlots were […] Read more
U.S. livestock: Cash price outlook rallies CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday recovered from Monday’s losses, supported by anticipation of steady-to-better prices for market-ready or cash cattle as beef prices set new highs, traders said. Last week, cash cattle in the U.S. Plains fetched a record-high US$155 per hundredweight (cwt). Profitable packer margins and fewer cattle […] Read more
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