Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday after preliminary cash prices beat early-week expectations, lifting contracts from session lows, traders said. Spot October finished down 0.4 cent/lb. at 130.775 cents, and December was 0.35 cent lower at 137.325 (all figures US$). February finished up 0.225 cent at 139.4 […] Read more
U.S. livestock: CME live cattle mixed on better-than-expected cash prices
U.S. livestock: Bump in beef price extends CME live cattle gains
Chicago | Reuters –– Chicago Mercantile Exchange live cattle rose for a third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents/lb. higher at 131.175 cents, and December up 1.525 cents at 137.675 (all figures US$). Thursday morning’s wholesale choice beef price, […] Read more
Volatility prompts CME to raise live cattle margins
Chicago | Reuters — CME Group, the world’s largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday. Late on Wednesday the Chicago Mercantile Exchange raised its live cattle initial margins for […] Read more
U.S. livestock: Short-covering drives CME live cattle higher
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more
U.S. livestock: CME live cattle limit up on beef bounce
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
U.S. livestock: Sagging beef prices drag on CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle resumed their recent downtrend on Monday after the seasonal drop in wholesale beef values trimmed last Friday’s futures gains, traders said. Spot-October settled down 0.95 cent, to 122.125 cents/lb,, and December 1.15 cents lower at 130.225 cents (all figures US$). Monday morning’s wholesale choice beef price, […] Read more
U.S. livestock: CME live cattle snap four-day losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents/lb., and December 1.375 cents higher at 131.375 cents (all figures US$). CME live cattle’s Relative Strength Index (RSI) […] Read more
U.S. livestock: CME live cattle again sag to two-year bottom
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday slid to a two-year low for a second consecutive session, after investors sold October and bought deferred months in anticipation of more cash price weakness, traders said. Spot-October settled at 121.4 cents/lb., down 3.275 cents, and December 0.925 cent lower at 130 cents […] Read more
U.S. livestock: CME live cattle hit two-year low on beef, cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday drifted to a two-year low, with October down the 4.5-cent daily price limit, as wholesale beef values and preliminary cash prices continued to sag, traders said. Spot-October settled at 124.675 cents/lb. (all figures US$). December ended 3.225 cents lower at 130.925 cents. Live […] Read more
U.S. livestock: CME live cattle, feeder cattle slump limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday fell by their three-cent daily price limit as lower-trending wholesale beef values stirred expectations for another round of weaker cash prices later this week, traders said. Spot-October and December closed at 129.175 and 134.150 cents/lb., respectively (all figures US$). Live cattle’s trading limit […] Read more
Canadian Cattlemen Presents: Depth of Field
