Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished higher on Thursday in the most-active contract, after shaking off a two-week low hit earlier in the session, traders said. Other contracts ended mixed, as the market took a breather following a recent rally in cash cattle prices, brokers said. Cash cattle on Thursday […] Read more
Tag Archives cattle futures — page 5
U.S. livestock: Live cattle bounce from two-week low in most-active contract
U.S. livestock: Cattle futures sag on long liquidation; cash trade awaited
Chicago | Reuters – U.S. live cattle futures on the Chicago Mercantile Exchange closed lower in range-bound trade on Tuesday as speculators exited long positions amid a lack of supportive news, traders said. CME December live cattle LCZ2 settled down 0.525 cent at 151.950 cents per lb but stayed inside of Monday’s trading range. January feeder cattle FCF3 finished […] Read more
U.S. livestock: Lean hogs bounce back from steep losses
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures settled higher on Friday in a recovery from sharp losses recorded in the previous session, while live cattle futures weakened for a second consecutive day. December lean hog futures LHZ2 ended up 0.975 cent at 86.100 cents per lb. The contract bounced after sinking by 3.375 cents […] Read more
U.S. livestock: Lean hogs touch one-week lows in pullback from gains
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell to their lowest prices in more than a week on Thursday in a setback from recent rallies, traders said. Live cattle futures also ended lower after the February contract LCF3 set a new high. The hog and cattle markets were overbought and due for corrections, traders […] Read more
U.S. livestock: Live cattle futures turn lower after setting contract highs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures ended mostly lower on profit-taking on Tuesday as the market pulled back from contract highs, analysts said. The market consolidated after recent gains, though analysts said cash cattle prices are expected to strengthen this week. Most actively traded December live cattle LCZ2 ended 0.825 cent lower at […] Read more
U.S. livestock: Live cattle futures jump to 7-year peak as U.S. herd shrinks
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied to a fresh seven-year high on Monday, lifted by expectations for tightening supplies following a monthly U.S. Department of Agriculture (USDA) cattle supply report, traders said. Several actively traded nearby contracts posted life-of-contract highs after the USDA’s cattle-on-feed report, released after the market closed on […] Read more
U.S. livestock: Hog futures mixed; cattle futures steady-weak
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended mixed on Friday as traders waited for fresh news to gauge demand levels. The most-active CME December lean hog futures contract LHZ2 dropped 0.625 cent to 77.15 cents per lb, with support noted around the contract’s 10-day moving average. Front-month October hogs LHV2 rose 0.575 cents to settle […] Read more
U.S. livestock: Hog futures fall as soy prices rally
Chicago | Reuters – Chicago Mercantile Exchange hog futures fell on Tuesday, with strength in the soymeal market raising the prospects of increased feeding costs. Feeder cattle contracts were also weaker due to strong corn prices while live cattle edged higher on light technical buying. CME October lean hogs LHV2 fell 1.075 cents to 92.9 cents per […] Read more
U.S. livestock: Cattle, hog futures firm
Chicago | Reuters – Chicago Mercantile exchange live cattle futures firmed to their highest in more than three months on Friday, while hog futures edged back toward the 13-1/2-month high hit on Wednesday. CME August live cattle futures LCQ2 settled 0.175 cent higher at 137.875 cents per lb, with the front-month contract LCc1 hitting its highest since April 29 during the […] Read more
U.S. livestock markets: Live cattle futures little changed after Wednesday high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little […] Read more
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