Tag Archives CME

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts posted modest losses on Thursday, pressured by continued fund selling, traders said. They said, sporadic bargain hunting and solid wholesale beef demand freed contracts from session lows. Additionally, investors at times sold the April contract and simultaneously bought June in a trading strategy known […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled in bearish territory for a third consecutive session, hit by more fund liquidation after contracts drifted below technical support levels, traders said. April live cattle ended 1.35 cents/lb. lower at 132.175 cents, and June closed 1.125 cents lower at 121.725 cents (all […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended Monday’s losses into Tuesday on more profit-taking and technical selling, traders said. April live cattle ended 0.55 cent/lb. lower at 133.525 cents, and beneath the 100-day moving average of 133.68 cents (all figures US$). June closed 0.375 cent lower at 122.85 cents. Futures declined […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower on Monday after profit-taking ended futures’ three-day win streak, traders said. Fund selling surfaced after June and August slipped beneath their respective 10-day moving averages of 123.15 and 119.06 cents, which also tripped sell stops (all figures US$). April live cattle ended down […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose for a third day in a row on Friday, fuelled by short-covering and fund buying after contracts broke through technical resistance, traders said. April live cattle ended up 1.95 cent/lb. at 134.375 cents, and June closed 1.8 cent higher at 124.025 cents (all figures […] Read more