Chicago Mercantile Exchange live cattle futures gained modestly on Friday and finished with their sixth straight weekly gain, boosted as wholesale beef prices stayed at record highs, traders and analysts said. Friday morning’s wholesale choice beef price was $231.75 per hundredweight (cwt) in light sales volume, climbing $2.96 from Thursday to its seventh consecutive record, […] Read more
U.S. livestock: CME live cattle futures gain sixth straight week
U.S. livestock: CME live cattle post gains, but off record high
Chicago Mercantile Exchange live cattle on Thursday finished in the plus column for a third straight day on profit-taking but off record highs, traders and analysts said. February live cattle closed 0.725 cents per pound higher at 140.15 cents, after hitting a new contract high of 141 cents in electronic trading (all figures US$). April […] Read more
U.S. livestock: CME live cattle notch new high with cash, beef prices
Chicago Mercantile Exchange live cattle futures on Wednesday reached an all-time high, led by record-breaking prices for slaughter-ready cattle and beef at wholesale, traders said. Wednesday afternoon’s wholesale choice beef price was $224.62 per hundredweight (cwt), which jumped $3.58 from Tuesday to its fifth successive record, according to U.S. Department of Agriculture data (all figures […] Read more
U.S. livestock: Surging beef prices boost CME live cattle to new high
Chicago Mercantile Exchange live cattle futures on Tuesday rose to an all-time, fueled by persistent record-high wholesale beef prices that ignited short-covering, traders said. The morning’s wholesale choice beef price, or cutout, was $219.97 per hundredweight (cwt) in light volume. That price surged $3.03 from Monday to its fourth consecutive record, according to the U.S. […] Read more
U.S. livestock: CME live cattle mixed as funds ‘roll’ Feb. contract
Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday as funds sold, or rolled, the February contract and mainly bought the April month, traders said. That shift by CME live cattle and hog fund investors was made in conjunction with the monthly process known as the “roll” by followers of the Goldman Sachs […] Read more
U.S. livestock: CME live cattle up as cash beef prices set new highs
Chicago Mercantile Exchange live cattle futures gained moderately on Friday, and posted advances for a fifth straight week, as cash and wholesale beef prices again set new highs, traders said. On Friday, cash cattle in the U.S. Plains traded at $139 to $140 per hundredweight (cwt), topping last week’s record of $137 to $138, feedlot […] Read more
U.S. livestock: CME live cattle end mixed, hogs weaker
Chicago Mercantile Exchange live cattle futures settled mixed on Thursday, drawing support from record-high beef prices as profit-taking weighed, traders said. February live cattle closed up 0.025 cent per pound at 136.55 cents, and April finished down 0.1 cent at 136.875 cents (all figures US$). “Had it not been for strong beef demand, February futures […] Read more
U.S. livestock: CME live cattle, hogs rise amid roll by funds
Chicago Mercantile Exchange live cattle and hog futures on Wednesday gained as funds sold, or rolled, the February contract and bought deferred months, traders said. CME livestock fund investors liquidated their February long positions, and mainly bought April futures, in a procedure known as the “roll” by followers of the Goldman Sachs Commodity Index (S+PGSCI). […] Read more
U.S. livestock: Weak cash sentiment undermines CME hog futures
Chicago Mercantile Exchange hog futures on Tuesday fell in anticipation of lower cash prices soon, traders and analysts said. The arctic blast that snarled transportation of livestock to market is expected to subside by midweek, freeing up more hogs that could pressure cash values, they said. The federal government estimated that packers on Tuesday processed […] Read more
U.S. livestock: Big chill moves CME live cattle to record highs
Chicago Mercantile Exchange live cattle futures, on a lead-month chart basis, notched a new high for a fourth straight session on Monday, partly driven by arctic air that disrupted livestock production in parts of the country, traders said. Treacherous travel conditions in the Midwest snarled the delivery of cattle and hogs to meat packers such […] Read more
Canadian Cattlemen Presents: Depth of Field
