Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts gained modestly on Monday, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. Investors bought deferred contracts and simultaneously sold June ahead of its expiration on June 30, they said. June closed down 0.275 cent per pound to 152.175 cents, […] Read more
U.S. livestock: CME live cattle end mostly firm
U.S. livestock: Lower cash prices sink CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell hard Friday, pressured by lower prices for market-ready (cash) cattle, traders said. June closed 2.775 cents per pound lower, at 152.45 cents, and August down 2.125 cents, to 150.8 cents (all figures US$). A moderate number of cash cattle in Nebraska sold at $152 […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures snapped a three-day win streak on Thursday, pressured by profit-taking and a wholesale beef price downturn, traders said. June closed down 0.575 cent per pound, to 155.225 cents, and August 0.6 cent lower at 152.925 cents (all figures US$). Thursday morning’s wholesale choice beef (cutout) […] Read more
U.S. livestock: CME live cattle spike to five-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures peaked at five-month highs on Wednesday, sparked by short-covering and Tuesday’s steep climb in the wholesale beef (cutout) price, traders said. Profit-taking and Wednesday morning’s modest cutout gains pulled futures from session highs, they said. June closed up 0.725 cent per pound, to 155.8 cents, […] Read more
U.S. livestock: CME live cattle climb as beef prices jump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, fuelled by short-covering after the sharp rebound in wholesale beef prices, traders said. June closed up 1.6 cents per pound, to 155.075 cents, and August 1.275 cents higher at 152.875 cents (all figures US$). Tuesday morning’s wholesale choice beef price surged […] Read more
U.S. livestock: Speculative buying rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Monday, buoyed by speculation that cash and wholesale beef prices may bottom out soon, traders said. June closed up 0.65 cent per pound to 153.475 cents, and August 1.025 cent higher at 151.6 cents (all figures US$). Monday morning’s wholesale choice beef (cutout) […] Read more
U.S. livestock: CME live cattle slump with beef prices, but off lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by profit-taking and a wholesale beef price reversal after Thursday’s spike, traders said. Futures remained undervalued based on this week’s cash price expectations, which stirred late-session buying that freed contracts from session lows. June closed down 0.4 cent per pound, to […] Read more
U.S. livestock: CME live cattle jump on beef price turnaround
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Thursday on short-covering after wholesale beef values turned higher, traders said. June closed up 0.725 cent per pound, to 153.225 cents, and August 0.825 cent higher at 151.45 cents (all figures US$). Thursday morning’s choice wholesale beef price, cutout, rose $1.23 per hundredweight […] Read more
U.S. livestock: CME live cattle fall as beef demand fades
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 per hundredweight (cwt) from Tuesday […] Read more
U.S. livestock: CME live cattle close mostly weak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound […] Read more
Canadian Cattlemen Presents: Depth of Field
