Tag Archives CME

Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts closed higher on Tuesday, strengthened by short-covering and speculative buying in anticipation of tighter seasonal supplies, traders said. Spot February finished 2.2 cents/lb. higher at 61.9 cents, and April ended 1.825 cents higher at 67.3 cents (all figures US$). “Packer margins are strong and I […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower following Friday’s volatile session, stirred by funds that sold February and bought deferred contracts in accordance with the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), said traders. Friday was the first of five days of the S+PGSCI “roll” process. Simultaneously, some index […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts posted modest losses on Wednesday amid investor jitters over fallen U.S. stock futures and uncertainty about cash price direction, traders said. Funds heavily invested in equities typically have a wide range of commodities in their portfolios, including CME livestock. February live cattle closed 0.25 cent/lb. […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended mixed on Thursday after investors settled their accounts during the last trading session of the year. The thinly-traded spot December, which expired at noon CT, settled 2.8 cents/lb. higher at 135.8 (all figures US$). February, the new lead month, closed up 0.1 cent/lb. at […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged for a second straight session on Tuesday, after participants took profits in the year’s final week of trading, traders said. Spot December and February each closed 0.65 cent/lb. lower, at 130.2 and 135.5 cents respectively (all figures US$). Traders adjusted positions while awaiting the […] Read more