Tag Archives cattle futures

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

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

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

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

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

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

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

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Thursday sank to their lowest level since March 2013 on liquidation by funds as part of their annual rebalancing of commodity positions, traders said. Funds trading in CME’s lean hogs and live cattle markets simultaneously sold February long positions and bought back months in a […] Read more