Tag Archives cattle futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, helped by short covering and futures’ discounts to last week’s cash prices, traders said. April live cattle closed 0.825 cent/lb. higher at 125.55 cents, and June ended 1.95 cents/lb. higher at 116.6 cents (all figures US$). Last week, market-ready, or cash, […] Read more

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle futures closed weak on Thursday after investors sold deferred months and bought April futures based on preliminary cash prices, traders said. April live cattle closed up 0.2 cent/lb. to 126.5 cents. June ended down 0.375 cent/lb. to 116.9 cents, and August ended 0.5 cent lower […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts slid for an eighth day in a row on Wednesday as long liquidation continued, said traders. April live cattle closed 1.025 cents/lb. lower at 126.3 cents, and June ended down 1.3 cents/lb. at 117.275 cents (all figures US$). Both contracts earlier sank to four-month lows. […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground again on Tuesday, pressured by more long liquidation following the morning’s wholesale beef price setback, said traders. April live cattle closed 1.15 cents/lb. lower at 127.325 cents, and June ended down 0.6 cent/lb. at 118.575 cents (all figures US$). On Wednesday, live cattle […] Read more

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts posted modest losses on Thursday, pressured by continued fund selling, traders said. They said, sporadic bargain hunting and solid wholesale beef demand freed contracts from session lows. Additionally, investors at times sold the April contract and simultaneously bought June in a trading strategy known […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled in bearish territory for a third consecutive session, hit by more fund liquidation after contracts drifted below technical support levels, traders said. April live cattle ended 1.35 cents/lb. lower at 132.175 cents, and June closed 1.125 cents lower at 121.725 cents (all […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended Monday’s losses into Tuesday on more profit-taking and technical selling, traders said. April live cattle ended 0.55 cent/lb. lower at 133.525 cents, and beneath the 100-day moving average of 133.68 cents (all figures US$). June closed 0.375 cent lower at 122.85 cents. Futures declined […] Read more