Chicago | Reuters — Chicago Mercantile Exchange live cattle prices on Wednesday felt pressure from softer wholesale beef prices and concerns about a looming supply buildup, traders said. Future’s steep discount to this week’s expected prices for slaughter-ready, or cash, cattle limited June market losses, they said. June live cattle closed down 0.625 cent/lb. at […] Read more
Tag Archives cattle futures — page 50
U.S. livestock: CME live cattle buckle under big supply worries
U.S. livestock: CME live cattle up on short-covering, fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Tuesday, helped by short-covering and fund buying that halted the market’s two-session slide, traders said. In a trading strategy known as bull spreads, some investors bought June futures and simultaneously sold deferred months in anticipation of this week’s cash prices. Bull spreads offset […] Read more
U.S. livestock: CME live cattle slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Monday lost ground for a second straight session, hit by technical selling and the “roll” by funds out of June into deferred contracts, traders said. Funds in CME’s livestock markets that track the Standard + Poor’s Goldman Sachs Commodity Index sold, or rolled, June futures […] Read more
U.S. livestock: CME live cattle sag as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday drew pressure from funds that sold, or “rolled,” June positions into back months before similar moves lasting five days beginning on Monday, said traders. Continued uneasiness about burdensome supplies ahead further deterred futures buyers, they said. There may be some concern about a […] Read more
U.S. livestock: Higher cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday led by better-than-expected cash prices that halted the market’s three-session losing skid, said traders. Fund buying and solid wholesale beef demand contributed to futures advances, they said. Still, cattle trading months slipped from highs amid lingering worries about a supply buildup in […] Read more
U.S. livestock: CME live cattle sag despite fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June […] Read more
U.S. livestock: Supply growth worries extend CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower for a second consecutive day on Tuesday amid concerns about increased supplies ahead, said traders. “Everybody keeps talking about this wall of cattle coming. But, feedyards moved a lot of cattle ahead of schedule to avoid lower prices later, which may ultimately create a […] Read more
U.S. livestock: Profit-taking upends CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday, pressured by profit-taking after three consecutive days of market advances, said traders. Worries about burdensome supplies in the coming weeks further weighed on live cattle futures, they said. “We’ve got a lot of cattle coming, but the market seems to be absorbing […] Read more
U.S. livestock: Live cattle rally on Plains cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday as cash cattle at U.S. Plains feedlot markets traded at higher prices amid rising beef values and robust packer margins, traders said. Milder temperatures around much of the country following an unusually chilly stretch of early spring weather is lifting demand for […] Read more
U.S. livestock: Cattle advance as beef prices push higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday as rising beef prices bolstered beef packer margins and fueled expectations for higher cash cattle prices this week, traders said. CME April live cattle closed 0.825 cent/lb. higher at 121.925 cents, June futures were up 0.525 cent at 105.575 cents and August […] Read more
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