Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week’s cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents/lb. higher at 146.525 cents, and October up 1.425 cents, at 143.975 cents (all figures US$). “Feedyards and […] Read more
U.S. livestock: Cash price sentiments extend CME live cattle gains
U.S. livestock: Wall Street surge rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, prodded by the stock market comeback as data showed better-than-expected second-quarter U.S. economic growth, traders said. Renewed consumer confidence in the economy could support demand for U.S. goods, including meat, they said. Short-covering and bargain hunting furthered CME live cattle market advances […] Read more
U.S. livestock: Economic fears slam CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Friday as global economic turmoil sparked fears of a U.S. meat export slowdown, traders and analysts said. Spot-August futures closed 1.05 cents/lb. lower at 145.425 cents, and October 2.475 cents lower at 143.85 cents (all figures US$). “The elephant in the […] Read more
U.S. livestock: CME live cattle rise with cash bids
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday, supported by short-covering after packers hiked bids for unsold market-ready (cash) cattle, traders said. Spot-August futures closed 1.225 cents/lb. higher at 146.475 cents, and October 1.175 cents higher at 146.325 cents (all figures US$). Processors in Kansas and Texas on Thursday […] Read more
U.S. livestock: Fallen cash prices rattle CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures suffered their fourth straight day of losses on Wednesday after digesting sharply lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 1.95 cents/lb. to 145.25 cents, and October 2.25 cents lower at 145.15 cents (all figures US$). Earlier on Wednesday, a […] Read more
U.S. livestock: Cash price caution weakens CME live cattle, hogs
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures lost modest ground on Tuesday, weakened by profit-taking while investors awaited direction from the afternoon’s cash prices, traders said. The spot-October contract closed 0.15 cent/lb. lower at 66.125 cents, and December down 0.05 cent at 62.25 (all figures US$). Prices for market-ready (cash) hogs in […] Read more
U.S. livestock: Firm cash, pork prices lift CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, supported by the morning’s cash and wholesale pork price gains, traders said. The spot-October contract closed 0.95 cent/lb. higher at 66.275, and December up 0.35 cent at 62.3 cents (all figures US$). Monday morning’s average cash hog price in the western […] Read more
U.S. livestock: CME live cattle sag with initial cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Friday after traders pocketed profits following lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 0.4 cent/lb. at 148.45 cents, and October one cent lower at 146.85 cents (all figures US$). Cash cattle traded lightly in Texas at […] Read more
U.S. livestock: CME live cattle snap back from early session losses
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday, fueled by short-covering and technical buying that turned back initial selling, traders said. October led the day’s rally as investors bought that contract and simultaneously sold August ahead of its expiration on Aug. 31. Spot-August futures closed up 0.15 cent/lb. at […] Read more
U.S. livestock: CME live cattle slump on fund selling, cash unease
Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday, hit by cash price caution and fund liquidation after drifting below key technical levels, traders said. Spot-August futures closed down 1.475 cents/lb. at 148.7 cents (all figures US$). October finished 2.55 cents lower at 146.6 cents, and under the 20-day moving average of […] Read more
Canadian Cattlemen Presents: Depth of Field
