Tag Archives live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose for a second straight day on Wednesday, after more fund buying lifted futures which could lend support to cash prices as early as Thursday, traders said. February closed 1.15 cents/lb. higher at 134.1, and April ended at 133.425 cents, up 1.3 cents (all figures […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell modestly on Friday, following this week’s cheaper cash prices and the potential for further declines next week, traders said. The CME will be closed on Monday in observance of the U.S. Presidents Day holiday. Packers in the U.S. Plains this week paid $128-$134/cwt for […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell hard on Thursday, led by more disappointing prices for market-ready, or cash, cattle, traders said. February live cattle closed 2.35 cents/lb. lower at 130.125 cents, and April ended down 2.275 cents, at 129.525 cents (all figures US$). Cash cattle on Thursday morning in the […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, helped by their discounts to preliminary prices for market-ready, or cash, cattle, traders said. But they said the possibility that packers might pay less for remaining supplies pulled CME live cattle contracts from morning tops. Futures are anticipating weaker cash prices […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday after traders sold the February contract and bought deferred months while awaiting cash prices later this week, traders said. On Tuesday, packers in Texas and Kansas bid $132/cwt for market-ready, or cash, cattle against sellers who asked $138, said feedlot sources […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed lower on Friday, weighed by cash price caution and heavy U.S. stock market losses, traders said. The day’s firm U.S. dollar and the plunge in equities tied to disappointing jobs data pulled most commodity prices lower, they said. Altin Kalo, an analyst with Steiner […] Read more