Insights and Stories of Meredith Davis

Nov. 22, 2013 at 3:37 pm CST

Chicago Mercantile Exchange live cattle settled narrowly mixed on Friday pressured by lower beef prices this week and by investors adjusting positions before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CST, traders and analysts said. Analysts expect the report to show an increase in the number […]

By Meredith Davis

Nov. 21, 2013 at 5:34 pm CST

CME live cattle futures rose on Thursday on short-covering after recent market losses and on investors pricing in initial cash sales, traders said. On Thursday, cash cattle in Kansas and Texas lightly traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). […]

By Meredith Davis

Nov. 20, 2013 at 4:51 pm CST

CME lean hogs ended higher on Wednesday, supported by fund buying after futures returned above technical resistance levels, traders and analyst said. December hogs settled 0.825 cent per pound higher at 86.25 cents and above the 100-day moving average of 85.34 cents (all figures US$). February closed up 1.025 cents […]

By Meredith Davis

Nov. 19, 2013 at 4:33 pm CST

Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, pressured by technical selling and weaker wholesale beef prices, analysts and traders said. As the Thanksgiving holiday season approaches beef demand typically diminishes in favor of turkey and ham. Analysts said less demand may cause a backlog of beef products, […]

By Meredith Davis

Nov. 18, 2013 at 4:38 pm CST

Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday on fund liquidation in a technical selloff with spot December ending down 1.24 per cent, traders and analysts said. Spot December fell to a one-month low in earlier dealings and, though paring losses, still ended near the session low. […]

By Meredith Davis