Most active February live cattle futures settled at 193.700 cents per pound, down 1.875 cents a pound from Tuesday. March live cattle futures fell 2.025 cents per pound to 266.025 cents a pound.
Cattle futures at the Chicago Mercantile Exchange continued to rise Tuesday. Most active February live cattle futures ended up 0.375 cents per pound at 195.575 cents a pound. Values hit fresh highs in many months, although ideas the market was looking overbought tempered the advances.
Live cattle futures on the Chicago Mercantile Exchange were stronger Monday, hitting fresh contract highs in many months as forecasts calling for cold temperatures across United States ranching areas raised concerns over reduced weight gains for grazing cattle.
Chicago Mercantile Exchange (CME) feeder cattle futures reached life-of-contract highs, while live cattle futures hit multi-month peaks on Thursday, as meat packers struggled to find inventory, analysts said.
Chicago Mercantile Exchange (CME) lean hog futures fell to two-month lows on Tuesday, as traders squared positions before the year's end and uncertainty lingered over export demand in the coming months, market analysts said.
Chicago Mercantile Exchange (CME) lean hog futures fell to two-month lows on Monday, hit by profit-taking and growing uncertainty over domestic and export demand in the coming months, market analysts said.
Chicago Mercantile Exchange (CME) live cattle futures ended higher on Friday, buoyed by rising wholesale beef prices and firm cash cattle markets, traders said.
Chicago Mercantile Exchange lean hog futures finished flat on Tuesday as strong demand for U.S. pork underpinned the market a day after federal data showed the nation's herd was slightly bigger than expected, analysts said.
Chicago Mercantile Exchange (CME) live cattle futures were mixed on Monday, with nearby contracts turning lower as traders adjusted their positions after a neutral government supply report last week, market analysts said.
Chicago Mercantile Exchange (CME) live and feeder cattle contracts edged higher on Friday as commodity funds added to their net long positions amid near-record cash cattle prices and no signs of a herd rebuild, analysts said.