Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Tuesday for the first session in the past nine, aided by short-covering and fund-buying, traders said. “I think that the major reason for the rally is the extreme oversold condition of the cattle futures,” said Joe Ocrant, president of Oak Investment Group. […] Read more
Tag Archives cattle futures — page 61
U.S. livestock: CME live cattle halt eight-session skid
U.S. livestock: CME hogs at three-month low on cash, pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs drifted to a three-month bottom on Monday, in response to lower cash and wholesale pork prices, said traders. Sell stops and deferred-month future’s premiums to CME’s hog index for Dec. 7 at 65.48 cents further weighed on contracts. December hogs, which will expire on Dec. 14, […] Read more
U.S. livestock: Live cattle extend slide on long liquidation
Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more
U.S. livestock: Live cattle sag for sixth straight session
Chicago | Reuters — Chicago Mercantile Exchange February live cattle futures fell Thursday for a sixth straight session, pressured by fund-driven long liquidation, falling cash cattle prices and softening wholesale beef demand, traders said. “Fund liquidation continues be a factor in the meat complex, although lower product prices are adding justification for the selling at […] Read more
U.S. livestock: Lower cash, pork prices pull down CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. Fund liquidation further weighed on the market, they said. December hogs, which will expire on Dec. 14, ended down 0.45 cent/lb. at 63.825 cents (all figures US$). Most actively-traded February closed 1.55 […] Read more
U.S. livestock: CME feeder cattle down on fund selloff
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Tuesday were led lower by fund liquidation after contracts slipped beneath chart support levels, said traders. CME live cattle market selling, and as much as $5/cwt lower cash feeder cattle prices, pressured the market, they said (all figures US$). January feeder cattle closed 2.125 […] Read more
U.S. livestock: Cash price jitters drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid lower Monday, led by the prospect that packers might pay less for supplies later this week, said traders. December live cattle finished down 0.85 cent/lb. at 116.375 cents, and February ended 0.8 cent lower at 121.175 cents (all figures US$). Last week packers in […] Read more
U.S. livestock: CME live cattle limit down on long liquidation
Chicago | Reuters — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35, to $205.99/cwt. February live […] Read more
U.S. livestock: Hogs retreat after trading at three-week high
Chicago | Reuters — U.S. lean hog futures fell on Wednesday, retreating from a three-week high on technical selling and a U.S. Department of Agriculture (USDA) report showing a jump in average hog weights in Iowa and southern Minnesota, analysts said. Live cattle and feeder cattle futures rose on short-covering and bullish macroeconomic data. Live […] Read more
U.S. livestock: Hogs at three-week high on fund buying, spreading
Chicago | Reuters — U.S. lean hog futures climbed to a three-week high on Tuesday, extending gains from recent days on speculation prices would rise higher next month and on calendar spreading, traders and analysts said. Live cattle were narrowly lower and feeder cattle futures slightly higher at the Chicago Mercantile Exchange, in technically driven […] Read more
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