Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Tuesday were led lower by fund liquidation after contracts slipped beneath chart support levels, said traders. CME live cattle market selling, and as much as $5/cwt lower cash feeder cattle prices, pressured the market, they said (all figures US$). January feeder cattle closed 2.125 […] Read more
Tag Archives cattle futures
U.S. livestock: CME feeder cattle down on fund selloff
U.S. livestock: Cash price jitters drop CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid lower Monday, led by the prospect that packers might pay less for supplies later this week, said traders. December live cattle finished down 0.85 cent/lb. at 116.375 cents, and February ended 0.8 cent lower at 121.175 cents (all figures US$). Last week packers in […] Read more
U.S. livestock: CME live cattle limit down on long liquidation
Chicago | Reuters — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35, to $205.99/cwt. February live […] Read more
U.S. livestock: Hogs retreat after trading at three-week high
Chicago | Reuters — U.S. lean hog futures fell on Wednesday, retreating from a three-week high on technical selling and a U.S. Department of Agriculture (USDA) report showing a jump in average hog weights in Iowa and southern Minnesota, analysts said. Live cattle and feeder cattle futures rose on short-covering and bullish macroeconomic data. Live […] Read more
U.S. livestock: Hogs at three-week high on fund buying, spreading
Chicago | Reuters — U.S. lean hog futures climbed to a three-week high on Tuesday, extending gains from recent days on speculation prices would rise higher next month and on calendar spreading, traders and analysts said. Live cattle were narrowly lower and feeder cattle futures slightly higher at the Chicago Mercantile Exchange, in technically driven […] Read more
U.S. livestock: CME live cattle climb as cash prices seen rising
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.25 cents/lb. at 119.825 cents after holding chart-based support at the 50-day moving average around 118.675 (all […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday were weakened by profit-taking during a shortened session following the U.S. Thanksgiving Day holiday. CME livestock markets closed early at 12:15 p.m. CT and will resume on Monday at 8:30 a.m. CT. Technical selling, and potential cattle supply growth ahead, further weighed on […] Read more
U.S. livestock: Fund buying rallies CME lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange lean hogs settled higher on Wednesday, with support from fund buying and short-covering before the U.S. Thanksgiving Day holiday, traders said. CME livestock markets will be closed for Thursday’s holiday, but resume on Friday at 8:30 a.m. CT and close early at 12:15 p.m. CT. December hogs ended […] Read more
U.S. livestock: CME live cattle rebound on cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live cattle […] Read more
Klassen: Feeder market rally stalls
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Eastern Prairie markets were softer but continue to maintain a $5 to as much as $8 premium over major feeding regions of Alberta. We’ve seen a sharp year-over-year increase in imports from the U.S., which is causing a variable price structure to develop across […] Read more