Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday, with April and June up by the three-cents-per-pound price limit, led partly by their discounts to this week’s cash price expectations, traders said. April and June finished at 156.575 and 148.475 cents/lb., respectively (all figures US$). Futures’ limit will be […] Read more
U.S. livestock: CME live cattle close higher, hogs lower
U.S. livestock: CME live cattle turn up on beef prices, hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday erased some of Monday’s losses, supported by short-covering in response to strong wholesale beef values, traders said. April closed up 0.375 cent per pound, to 153.575 cents, and June 0.5 cent higher at 145.475 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME hog futures end weaker, but off lows
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs extended losses for a seventh consecutive session Friday on downward-trending cash and wholesale pork prices, traders said. April closed 0.2 cent per pound weaker at 62.1 cents, and May 0.825 cent lower at 71.425 cents (all figures US$). Friday morning’s average market-ready or cash hog price […] Read more
U.S. livestock: CME hog futures pare losses but remain weaker
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower for a sixth straight session on Thursday, and set fresh contract lows, plagued by a host of bearish fundamentals, traders said. April closed 1.825 cents per pound lower at 62.3 cents, and earlier made a new contract low of 61.125 cents in electronic trading […] Read more
U.S. livestock: CME hog futures slump on strong dollar, bird flu woes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell three per cent Wednesday, with deferred contracts making new lows, on the strong dollar and bird flu in Arkansas, traders said. The U.S. Department of Agriculture on Wednesday confirmed the case of highly pathogenic avian influenza in a commercial turkey flock in Arkansas. Investors […] Read more
U.S. livestock: CME live cattle futures mixed as dollar, stocks weigh
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed mixed on Tuesday, with nearby futures helped by their discounts to recent cash prices, while back months bowed in part to outside market pressure. April closed 0.75 cent/lb. higher at 154.75 cents, and June up 0.1 cent at 146.25 cents (all figures US$). August […] Read more
U.S. livestock: Profit-taking undermines CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Monday, pressured by profit-taking and funds that sold or “rolled” April contracts and simultaneously bought deferred months, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) shifted their April positions in a […] Read more
U.S. livestock: CME live cattle futures jump with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Friday, driven by short-covering in response to strong preliminary cash prices, traders said. April closed 1.375 cents per pound higher at 154.65 cents, and June ended up 1.075 cents at 147.1 cents (all figures US$). A small number of market-ready (cash) cattle in […] Read more
U.S. livestock: CME hogs drop with cash, wholesale pork prices
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned lower on Thursday, pressured by weaker cash and wholesale pork prices, traders said. April and June closed 1.175 cents per pound lower at 66.825 cents and 77.45 cents, respectively (all figures US$). Wholesale pork prices slumped $1.49 to $68.49 per hundredweight (cwt) on Thursday morning […] Read more
U.S. livestock: CME live cattle, hogs veer sharply higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep gains Wednesday on fund buying and cash price optimism that wiped out Tuesday’s losses, traders said. April closed up the three-cent-per-pound price limit at 154.05 cents, and June ended 2.65 cents higher at 146.325 cents (all figures US$). CME live cattle’s trading limit […] Read more
Canadian Cattlemen Presents: Depth of Field
