Tag Archives live cattle

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures gained for a second consecutive session on Thursday, supported by technical buying and the roll by funds out of August into deferred months, traders said. Thursday was the last of five days that funds in CME’s livestock markets that track the Standard + Poor’s […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday after bargain hunting and short-covering snapped the market’s two-day losing streak, traders said. “I think some people are finally catching on to the idea that maybe sentiments that this market will continue to decline is overdone,” said Doane Advisory Services […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday sank to a five-year low for a second straight session in anticipation of weak cash prices by Friday, traders said. August ended 0.45 cent/lb. lower at 108.9 cents, and earlier posted a new contract low of 108.175 cents (all figures US$). October finished […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained modestly on Friday, but eased from session highs, helped by their discounts to this week’s cash prices that fell shy of expectations, traders said. August ended 0.425 cent/lb. higher at 112.225 cents, and October finished up 0.1 cent, to 112.325 cents (all figures US$). […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Thursday following the roll by funds out of August into deferred months ahead of similar moves beginning on Friday, traders said. Friday is the first of five days in which funds in CME’s live cattle and lean hog markets that track the […] Read more