Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Tuesday, helped by short-covering and fund buying that halted the market’s two-session slide, traders said. In a trading strategy known as bull spreads, some investors bought June futures and simultaneously sold deferred months in anticipation of this week’s cash prices. Bull spreads offset […] Read more
U.S. livestock: CME live cattle up on short-covering, fund buying
U.S. livestock: CME live cattle slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Monday lost ground for a second straight session, hit by technical selling and the “roll” by funds out of June into deferred contracts, traders said. Funds in CME’s livestock markets that track the Standard + Poor’s Goldman Sachs Commodity Index sold, or rolled, June futures […] Read more
U.S. livestock: CME live cattle sag as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday drew pressure from funds that sold, or “rolled,” June positions into back months before similar moves lasting five days beginning on Monday, said traders. Continued uneasiness about burdensome supplies ahead further deterred futures buyers, they said. There may be some concern about a […] Read more
U.S. livestock: Higher cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday led by better-than-expected cash prices that halted the market’s three-session losing skid, said traders. Fund buying and solid wholesale beef demand contributed to futures advances, they said. Still, cattle trading months slipped from highs amid lingering worries about a supply buildup in […] Read more
U.S. livestock: CME live cattle sag despite fundamentals
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby contracts on Wednesday were weakened by funds that sold, or “rolled,” June positions into back months ahead of similar moves early next week, said traders. Nearby market losses trumped futures’ bullish discount to cash prices, strong wholesale beef values and triple-digit beef packer profits. June […] Read more
Germany plans to toughen conditions for insecticide use
Berlin | Reuters — Germany plans to make it more difficult for farmers to use crop insecticides in a bid to preserve biodiversity, an environment ministry document showed. “Insect biomass has fallen by more than 75 per cent in the last 27 years in Germany,” according to the paper seen by Reuters on Wednesday, saying […] Read more
U.S. livestock: Supply growth worries extend CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower for a second consecutive day on Tuesday amid concerns about increased supplies ahead, said traders. “Everybody keeps talking about this wall of cattle coming. But, feedyards moved a lot of cattle ahead of schedule to avoid lower prices later, which may ultimately create a […] Read more
U.S. livestock: Profit-taking upends CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday, pressured by profit-taking after three consecutive days of market advances, said traders. Worries about burdensome supplies in the coming weeks further weighed on live cattle futures, they said. “We’ve got a lot of cattle coming, but the market seems to be absorbing […] Read more
World wine output falls to 60-year low
Paris | Reuters — Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said. Wine production totalled 250 million hectolitres last year, down 8.6 per cent from 2016, data from the Paris-based […] Read more
U.S. livestock: Cattle rise on strong cash markets
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with nearby contracts supported by firm cash markets and strong wholesale beef values, traders said. Deferred offerings rose as traders covered short positions ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. The report, released after the close of the […] Read more
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