Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said. Technical buying and futures’ discounts to cash returns provided more market support. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday at 2 p.m. […] Read more
U.S. livestock: Improved cash prices lift CME live cattle
U.S. livestock: Live cattle slump on profit-taking, cash caution
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more
U.S. livestock: CME live cattle jump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more
U.S. livestock: CME live cattle buckle under technical pressure
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, hit by profit-taking and technical selling, said traders and analysts. They said some funds sold August futures and simultaneously bought the October contract. Positioning in advance of the U.S. Department of Agriculture monthly Cattle on Feed report on Friday exerted more […] Read more
U.S. livestock: Lean hogs draw support from cash price discounts
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Monday, helped by their discounts to cash prices and technical buying, traders said. Thinly-traded July, which expired at noon CT, settled down 0.2 cent/lb. at 92.4 cents and almost par with CME’s hog index for July 13 at 92.78 cents (all figures […] Read more
U.S. livestock: Short covering lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Friday, aided by short covering and futures’ discounts to this week’s better-than-expected cash prices, said traders. CME livestock market funds that follow the Standard + Poor’s Goldman Sachs Commodity Index sold, or “rolled,” August futures and simultaneously bought October on the fifth […] Read more
U.S. livestock: Beef, profit-taking weaken CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday eased from Wednesday’s three-cent per pound limit-up settlement, pressured by profit-taking and seasonally struggling wholesale beef values, said traders. They said futures’ discounts to preliminary cash prices limited market losses. CME livestock market funds that track the Standard + Poor’s Goldman Sachs Commodity […] Read more
U.S. livestock: CME live cattle limit up on cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday settled up the three cents per pound daily price limit, driven by fund buying and futures’ discounts to stronger-than-expected cash prices, said traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously […] Read more
U.S. livestock: Fund buying rallies cattle futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Tuesday reversed Monday’s losses, supported by short-covering and technical buying, said traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” August futures and simultaneously bought October on the second of five days of the Goldman Roll process. […] Read more
U.S. livestock: Cash price unease pressures CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, weakened by sell stops and uncertainty regarding cash prices later this week, traders said. Funds that track the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously bought October on the first of five […] Read more
Canadian Cattlemen Presents: Depth of Field
