Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts settled flat to moderately lower following an up-and-down day on Monday, after traders sold deferred contracts and bought August because of its discount to last week’s cash prices, traders and analysts said. Short-covering and the morning’s wholesale beef price uptick at times helped underpin the nearby trading […] Read more
Tag Archives cash cattle — page 32
U.S. livestock: CME live cattle finish flat-lower after choppy session
U.S. livestock: CME live cattle futures extend losses ahead of USDA reports
Chicago/Reuters – Chicago Mercantile Exchange live cattle stretched their losing streak to four days on Friday after investors tweaked positions before the government cattle reports due later in the afternoon, traders said. The U.S. Department of Agriculture’s monthly Cattle-On-Feed report was due at 2 p.m. CDT (1900 GMT). At the same time, USDA will issue […] Read more
U.S. livestock: Lower cash prices sink CME live cattle for 3rd straight day
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures slid for a third day in a row on Thursday, hitting 13-month lows in those sessions, following preliminary cash price weakness, traders said. August closed 1.150 cents per lb lower at 143.350 cents, and October was down 1.800 cents at 144.650 cents. On Thursday, market-ready, or cash, […] Read more
U.S. Livestock: CME live cattle again sag to 13-month low as beef demand fades
Chicago/Reuters – Chicago Mercantile Exchange live cattle sank to a 13-month low for a second straight session on Wednesday as wholesale beef demand continued to flounder seasonally, traders said. August closed 0.650 cent per lb lower at 144.500 cents, and October down 0.825 cent at 146.450 cents. Wednesday morning’s wholesale choice beef price, or cutout, […] Read more
U.S. livestock: Cash price pessimism drops CME live cattle to 13-month low
Chicago / Reuters – Chicago Mercantile Exchange live cattle fell to their lowest level in 13 months on Tuesday in anticipation of lower prices this week for market-ready, or cash, cattle, traders said. August closed 1.600 cents per lb lower at 145.150 cents, and October down 1.750 cents at 147.275 cents. On Tuesday, isolated cash […] Read more
U.S. livestock: CME live cattle futures finish mostly weak; hogs lower
Chicago / Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Monday after investors sold deferred months and bought August because of its discount to last week’s cash prices, traders said. August closed up 0.100 cent per lb at 146.750 cents, October 0.100 cent lower at 149.025 cents and December down 0.075 […] Read more
U.S. livestock: CME live cattle settle mixed after bouncy session
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Friday after a choppy session swayed by pre-weekend positioning and investors digesting this week’s lower cash prices, traders said. August closed up 0.15 cent/lb. at 146.65 cents, and October down 0.3 cent at 149.125 cents (all figures US$). On Friday, market-ready (cash) […] Read more
U.S. livestock: Lower cash-price sentiment weakens CME live cattle
Chicago | Reuters –– After gaining for the first time in five days on Tuesday, Chicago Mercantile Exchange live cattle futures resumed their downward trend on Wednesday, pressured by expectations for lower cash prices this week, traders said. August closed 0.125 cent/lb. lower at 147.025 cents, and October down 0.1 cent at 150.225 cents (all […] Read more
Klassen: Feeder market experiences softer tone
Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt malleable with various-quality cattle on […] Read more
U.S. livestock: CME live cattle down sixth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground for a sixth straight session on Thursday, pressured by cash price caution for this week, traders said. June closed down 1.525 cents per pound to 150.425 cents, and August 1.3 cents lower at 149.35 cents (all figures US$). Market-ready (cash) cattle bids in […] Read more
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