Hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower on Wednesday on year-end profit taking, trader said. However, futures extended their yearly winning streak to six in a row after finishing up 23 per cent for 2014 amid tight supplies after years of drought, an analyst said. Upward-trending wholesale beef prices and stronger-than-expected […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower in choppy trading on Tuesday, pressured by profit-taking that outpaced initial buying led by bullish fundamentals, traders said. December, which will expire on Wednesday, closed 0.625 cent per pound lower at 165.875 cents, and February was down 0.3 cent at 164.7 cents (all figures […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle posted significant gains on Monday, led by strong wholesale beef prices and anticipation of steady or better cash prices this week, traders said. December closed 1.75 cents per pound higher at 166.5 cents, and February up 2.525 cents at 165 cents (all figures US$). Monday morning’s […] Read more

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle surged Thursday on short covering in volatile action after the exchange expanded futures trading limits, following three-cent-per-pound limit-down settlements five days in a row. CME took emergency steps on Wednesday to stem the plunge in feeder cattle contracts by increasing its limit to 4.5 cents/lb. from […] Read more

Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures settled down their three cents per pound daily price limit for a fifth straight day on Wednesday, led by the recent plunge in cash feeder cattle prices, traders said. January and March closed at 216.6 cents and 212.25 cents, respectively (all figures US$). […] Read more

Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures finished down their three cents per pound daily price limit on Tuesday for a fourth day in a row following sharply lower cash prices, traders said. Fund selling, sell stops and CME live cattle’s subsequent limit-down settlement further pressured feeder cattle contracts. The inability […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended lower on Monday on fund liquidation and bearish fundamentals, traders said. December ended down 0.075 cent per pound at 161.975 cents and February ended 0.425 cent/lb. lower at 161.75 cents (all figures US$). Even though the overall supply of U.S. cattle is the lowest […] Read more

Chicago | Reuters — CME live cattle ended lower Friday as fund selling and weak cash cattle prices weighed, traders said. Lower U.S. stocks and weak crude oil also pressured the overall livestock futures market, said Lane Broadbent of KIS Futures. “We are in a tough time of the year as far as beef demand […] Read more