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Tag Archives cash cattle — page 30

Livestock, Markets

U.S. livestock: Steep drop in pork belly prices sink CME lean hog futures

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Chicago / Reuters – Chicago Mercantile Exchange lean hog futures ended lower on Thursday, pressured by downward-trending cash and wholesale pork prices, traders said. December closed down 1.525 cents per lb to 59.875 cents, and February was 1.500 cents lower at 63.000. Cash hog prices in the Iowa/Minnesota hog market on Thursday afternoon sagged $1.25 […] Read more
Photo: File
Livestock, Markets

U.S. livestock: Live cattle futures rally by 3-cents/lb price limit

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb daily price limit on Wednesday, boosted by short-covering in response to improved wholesale beef demand and Tuesday’s better-than-expected preliminary cash prices, traders said. Spot October and December ended at 139.675 and 143.600 cents per lb. Live cattle’s trading limit […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle end mixed, hogs weaker

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday stirred by profit-taking and positioning before the sale of cash cattle as early as Thursday, traders said. Spot October closed 0.275 cent/lb. lower at 139.975, and December down 0.025 cent to 143.15 (all figures US$). February and April closed up 0.275 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle limit up on strong cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the three cents per pound daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.95 cents/lb. and December rose 2.875 cents, to 139.425 (all figures US$). Live cattle’s trading limit […] Read more
(CMEGroup.com)
Livestock, Markets

Volatility prompts CME to raise live cattle margins

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Chicago | Reuters — CME Group, the world’s largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday. Late on Wednesday the Chicago Mercantile Exchange raised its live cattle initial margins for […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle prices collapse

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Western Canadian feeder cattle prices were traded $15 to $25 below week-ago levels, suffering one of the largest declines in history. Heavier replacement cattle led the market lower, trading down $20 from week-ago levels, while feeders under 600 pounds dropped $10 to $12 on average. Feedlot operators pulled in the reins, as fed cattle dropped […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle snap four-day losing streak

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Chicago | Reuters — Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents/lb., and December 1.375 cents higher at 131.375 cents (all figures US$). CME live cattle’s Relative Strength Index (RSI) […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle hit two-year low on beef, cash prices

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday drifted to a two-year low, with October down the 4.5-cent daily price limit, as wholesale beef values and preliminary cash prices continued to sag, traders said. Spot-October settled at 124.675 cents/lb. (all figures US$). December ended 3.225 cents lower at 130.925 cents. Live […] Read more

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