Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled mostly lower on Tuesday as a steep drop in the stock market dragged futures from the highest levels of the month, posted early in the session, traders said. Strong packer margins and climbing beef prices had supported early gains before outside markets undercut the […] Read more
Tag Archives cattle futures — page 51
U.S. livestock: Cattle futures retreat as stock market plunges
U.S. livestock: Cattle futures jump on firm cash, higher beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Monday in response to higher cash cattle prices late last week and rising beef prices, traders said. Supplies of cattle remain large, but demand for market-ready stock is likely to remain strong due to profitable packer margins and milder weather around the U.S. […] Read more
U.S. livestock: Cattle rise on strong cash markets
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with nearby contracts supported by firm cash markets and strong wholesale beef values, traders said. Deferred offerings rose as traders covered short positions ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. The report, released after the close of the […] Read more
U.S. livestock: Cattle futures drop
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Thursday on profit-taking and fund liquidation ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. Feeder cattle followed live cattle futures lower. Hog futures were mixed on bull spreading, with the front month contract rising in thin trading while deferreds weakened. […] Read more
U.S. livestock: Cattle, hog futures rise
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rose on Wednesday, supported by steady-to-higher early-week cash prices, traders said. Hogs drew support from higher cash and wholesale pork prices. Futures were further supported by lower week-over-week hog weights. It’s a “good sign that these weights are coming down,” said Dan Norcini, an independent […] Read more
U.S. livestock: Live cattle rise on strong packer margins
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday, bouncing back from Monday’s declines. Traders said good profit margins at packers supported the gains. April live cattle closed 0.9 cent/lb. higher at 118.05 cents (all figures US$). The contract hit its highest since March 21. June ended up 0.725 cent, to […] Read more
U.S. livestock: CME nearby live cattle firm, deferred months weak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly weaker on Monday, with traders locking in profits after prices rose on Friday. Lingering concerns over a snowstorm that covered northern areas of the Midwest and Plains provided support to some nearby contracts, a trader said. But overall, supplies were expected to remain […] Read more
U.S. livestock: CME live cattle settle mixed, hogs firmer
Chicago | Reuters — Chicago Mercantile Exchange live cattle April futures on Friday drew support from late-week cash price strength, while profit-taking weighed on the June contract, said traders. Short-covering and technical buying underpinned deep-deferred trading months, they said. April live cattle closed 1.325 cents/lb. higher at 117.075 cents (all figures US$). June ended down […] Read more
U.S. livestock: CME live cattle, hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle hit a two-week high Thursday, driven by short-covering and futures’ discounts to this week’s prices for slaughter-ready, or cash, cattle, said traders. Remaining cash prices in parts of the northern U.S. Plains might benefit from tight cattle supplies along with forecasts for heavy snow and high […] Read more
U.S. livestock: CME live cattle, hogs end mostly firmer
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed firmer on Wednesday as investors digested initial prices for slaughter-ready, or cash, cattle while bracing for hefty supplies ahead, said traders. Market participants are also monitoring forecasts for a weekend snowstorm in the northern U.S. Plains that could disrupt livestock production in the […] Read more
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