Insights and Stories of Meredith Davis

Jun. 9, 2014 at 2:52 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle ended sharply higher on Monday, rising two per cent, supported by tight cattle supplies, higher wholesale beef prices and higher cash market prices, traders said. U.S. Department of Agriculture data showed cattle in the cash market traded at $144 per hundredweight […]

By Meredith Davis

Jun. 6, 2014 at 4:15 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Friday, supported by fund buying, anticipation of high cash prices and tight hog supplies, traders said. Lean hog futures rose more than one per cent on the day as consumer demand for grilling season grows even as pork […]

By Meredith Davis

Jun. 5, 2014 at 5:33 pm CDT

Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up […]

By Meredith Davis

Jun. 4, 2014 at 8:04 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts closed lower on Wednesday pressured by soft prices in the cash hog market as heavy weight hogs also dragged on futures, traders said. The front-month June contract traded at a premium to the CME lean hog index of 110.34, which […]

By Meredith Davis

Jun. 3, 2014 at 4:46 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday as strong beef demand and expectations of higher prices in the cash market lent support, traders said. “When you have futures trading at a discount to the cash market, that usually creates a bullish situation,” Lane Broadbent, […]

By Meredith Davis