Tag Archives feeder cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled weaker on Friday ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, said traders. Analysts, on average, expect the report to show 8.4 per cent more cattle were placed into U.S. feedlots in December than a year […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday climbed to their highest level in almost six months, fuelled by short-covering following strong cash and wholesale pork prices, said traders. Technical buying developed after February and March futures surpassed their respective 10-day moving averages of 65.662 and 69.023 cents (all figures US$). February […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Tuesday, weighed by caution ahead of this week’s cash prices, said traders. They said sell stops and technical selling contributed to market losses. February live cattle closed 0.575 cents/lb. lower at 119.675 cents (all figures US$). April finished 0.775 cent lower at […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled in negative territory on Friday for the first time in five days, led by sell stops and profit-taking, said traders. They said fund buying and futures’ discounts to this week’s cash prices later lifted contracts from session lows. February live cattle closed 0.775 cent/lb. […] Read more