GFM Network News


U.S. livestock: CME live cattle supported by fund buying, higher cash

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Tuesday supported by fund buying and higher prices paid in the cash cattle market, traders said. The October CME live cattle touched its highest level since Aug. 7, fuelled by the higher cash trade. The October contract traded through the 40-day moving […] Read more



U.S. livestock: CME live cattle end slightly lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled slightly lower on Monday after touching a contract high, pressured by profit-taking, traders said. “While nothing is really changed in the long term we’re going to see short-term fluctuations in this market,” Broadbent said. Tight cattle supply and overseas demand for U.S. beef continue […] Read more

U.S. livestock: Strong cash market supports CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday in light pre-holiday volume, gaining on follow-through buying a day after cash market prices touched highs, traders said. Cash cattle in the U.S. Plains traded mostly at $158 per hundredweight (cwt) on Wednesday, $3 higher than the previous week (all figures […] Read more


U.S. livestock: Lean hogs fall on profit-taking, technical selling

Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market […] Read more

U.S. livestock: CME live cattle end two per cent higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle ended sharply higher on Monday, rising two per cent, supported by tight cattle supplies, higher wholesale beef prices and higher cash market prices, traders said. U.S. Department of Agriculture data showed cattle in the cash market traded at $144 per hundredweight (cwt) in Texas last week, […] Read more



U.S. livestock: CME feeder, live cattle end higher on tight supplies

Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up 0.75 cent at 200.25 cents/lb. […] Read more