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Tag Archives cash cattle — page 27

Photo: Canada Beef Inc.
Livestock, Markets

U.S. livestock: CME live cattle soars to 6-month high on cash price hopes

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday surged to a six-month high, fuelled 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 actively traded February […] Read more
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Livestock, Markets

U.S. livestock: Cash, beef prices send CME live cattle to 4-1/2-month top

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rose on Wednesday, hitting a 4-1/2-month high, with traders citing strong wholesale beef demand and steady-to-firmer preliminary cash prices. December live cattle, which will expire on Friday, closed up 1.025 cents per pound to 115.975 cents. Most actively traded February ended up 1.375 cents to 117.375 cents. Wednesday […] Read more
Photo: Canada Beef Inc.
Livestock, Markets

U.S. livestock: CME live cattle again hits 4-month high on cash prices

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday climbed to a four-month high for a second day in a row, fuelled by short-covering and stronger-than-anticipated cash prices, said traders. CME livestock futures will close early on Friday and will be closed on Monday in observance of the Christmas holiday. December live cattle closed […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle futures climb as cash price outlook improves

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle closed 1.025 cents […] Read more
Photo: Canada Beef Inc.
Livestock, Markets

U.S. livestock: CME live cattle futures shrug off early losses

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Wednesday after bargain buying and cash price expectations offset initial selling, said traders. CME cattle and hog market participants at first sold futures after Donald Trump unexpectedly won the U.S. presidential election on Tuesday. “People are still concerned about what a Trump administration would […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Bargain buying reverses CME live cattle futures skid

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rallied on Tuesday as strength from bargain buying and short-covering ended the market’s four-session slide, said traders. They said futures garnered more support from fund buying after contracts broke through technical resistance levels. Most actively traded December live cattle closed 0.950 cent per pound higher at 102.600 […] Read more
Livestock, Markets

U.S. livestock: CME live cattle, hog futures extends losses

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle closed 1.350 cents […] Read more
Photo: File
Livestock, Markets

U.S. livestock: Live cattle, hog futures stumble on profit-taking

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 cents, and February […] Read more

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