Live and feeder cattle futures on the Chicago Mercantile Exchange were weaker on Thursday, as losses in the grains and oilseeds spilled into the livestock markets.
Chicago Mercantile Exchange live cattle and feeder cattle futures dipped on Monday after reaching record highs last week. Most active February live cattle closed at 197.400 cents per pound, down 1.375 cents from Friday. The second-most active April futures closed at 198.200, down 1.275 cents.
Chicago Mercantile Exchange cattle futures added small gains to contract highs, Friday. Most active February live cattle futures closed at 198.775 cents per pound, up 1.175 cents from Thursday. April live cattle were up 1.200 cents to 199.475 cents a pound.
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.