Tag Archives cattle futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower Monday, weighed down by profit-taking and fund liquidation, traders said. December closed 1.4 cents per pound lower at 169.5 cents, and February off 2.125 cents at 170.025 cents (all figures US$). Investors initially sold February and simultaneously bought December, which is known as […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Friday on positioning before this week’s cash prices and the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Most analysts expect Friday’s report to show cattle placements in October declined from last year. USDA will simultaneously issue […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower Thursday on profit-taking and fund selling that erased Wednesday’s gains, traders said. December closed down one cent per pound at 90.775 cents, and February 0.75 cent lower at 90.9 cents (all figures US$). Anticipation of weaker-trending cash and wholesale pork prices stirred bear spreads, […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Wednesday on short-covering and fund buying that trumped initial selling, traders said. December closed up 0.225 cent per pound at 91.775 cents, and February 0.525 cent higher at 91.65 cents. CME hogs rose despite lower cash hog and wholesale pork prices, partly due […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday, weighed by the drop in prices for slaughter-ready or cash hogs and pork at wholesale, traders said. December closed 1.45 cents per pound lower at 91.55 cents, and February down 1.5 cents at 91.125 cents (all figures US$). The morning’s average hog […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Monday, helped by the morning’s strong wholesale beef values and last week’s record-high cash prices, traders said. Monday morning’s choice wholesale beef price jumped $2.03 per hundredweight (cwt) from Friday to $254.19 (all figures US$). Select climbed $1.53 to $239.82, the U.S. Department […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Friday while anticipating strong prices for market-ready or cash cattle this week, traders said. December closed 0.55 cents per pound higher at 170.2 cents, and February at 171.275 cents up 0.25 cents (all figures US$). Processors are buying cattle for next week, […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher Thursday in anticipation of steady or better prices for slaughter-ready or cash cattle this week, traders said. December closed 2.175 cents per pound higher at 169.925 cents, and February at 171.025 cents/lb. up 1.45 cents (all figures US$). Packers may have to compete […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday following a snapback in wholesale beef prices, traders said. December closed up 0.5 cent per pound at 167.75 cents, and February 1.175 cents higher at 169.575 cents (all figures US$). The morning’s choice wholesale beef price rose $1.70 per hundredweight (cwt) […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Tuesday in response to the morning’s wholesale pork price bounce, traders said. December and February closed up 0.35 cent per pound at 89.9 cents and 89.45 cents, respectively (all figures US$). Tuesday morning’s wholesale pork price jumped $2.97 per hundredweight (cwt) from Monday […] Read more