Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped on Friday, with nearby contracts down the three-cents-per-pound price limit, ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT. Analysts expect the report to show a decline in the number of cattle placed in feedlots last month. February and […] Read more
U.S. livestock: CME live cattle futures plunge before USDA report
U.S. livestock: Cash price plunge sends CME hogs to another two-year low
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs drifted to a two-year low for a third straight session on Thursday, pressured by the steep drop in cash and wholesale pork prices, traders said. February closed 0.75 cent per pound lower at 71.6 cents, and April fell 1.35 cents, to 72.875 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle bounce with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, lifted by short-covering stirred by the morning’s wholesale beef price rebound, traders said. February live cattle closed up 0.65 cent per pound, to 153.7 cents, and April 0.8 cents higher at 151.875 cents (all figures US$). Wednesday morning’s choice wholesale beef climbed […] Read more
U.S. livestock: CME live cattle resume downtrend, but off lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Tuesday after skittish buyers and fund liquidation wiped out Friday’s modest gains that briefly halted an eight-day losing skid, traders said. February live cattle closed down 1.4 cents per pound, to 153.05 cents, and April ended 1.875 cents lower at 151.075 cents (all […] Read more
U.S. livestock: CME live cattle snap eight-day losing skid
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted modest gains on Friday on short-covering before Monday’s Martin Luther King, Jr. holiday that snapped an eight-day string of losses, traders said. The U.S. Martin Luther King Jr. holiday could result in roughly 5,000 fewer cattle and 30,000 less hogs processed that day, an economist […] Read more
U.S. livestock: More CME live cattle selling as cash prices plunge
Chicago | Reuters –– Chicago Mercantile Exchange live cattle ended lower in volatile trade on Thursday, pressured by residual fund liquidation and the steep drop in cash prices, traders said. CME live cattle’s selloff extended losses to eight straight days. The February contract’s limit-down move on Tuesday delayed the “roll” by funds out of that […] Read more
U.S. livestock: Active fund selloff extends CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell for a seventh straight session on Wednesday as funds liquidated positions in association with their yearly rebalancing of commodities, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) sold, or “rolled,” their February long […] Read more
U.S. livestock: CME live cattle tumble on more fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted heavy losses on Tuesday after funds kept selling February long contracts while simultaneously rolling them into back 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 February positions in a procedure […] Read more
U.S. livestock: CME hogs slump to two-year low as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange lean hogs sank to a two-year bottom on Monday as funds kept selling February contracts and rolling their long positions into back 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 February positions in […] Read more
U.S. livestock: More fund sales drop CME live cattle limit-down
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months closed down their three-cents-per-pound price limit on Friday, pressured by persistent fund liquidation as part of their yearly rebalancing of commodity allocations. Live cattle February and April closed at 160.6 cents and 159.425 cents, respectively (all figures US$). CME live cattle trading limits […] Read more
Canadian Cattlemen Presents: Depth of Field
