Insights and Stories on Closing Markets

U.S. livestock: Firmer beef quote rallies CME live cattle

Feb. 14, 2017 at 4:03 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. […]

U.S. livestock: CME live cattle brace for possible weak cash prices

Feb. 13, 2017 at 7:49 pm CST

By Theopolis Waters

U.S. grains: Wheat, corn futures hit 7-1/2-month highs

Feb. 13, 2017 at 7:21 pm CST

By Mark Weinraub

U.S. grains: Wheat, corn rise to multi-month highs

Feb. 10, 2017 at 5:53 pm CST

By Michael Hirtzer

U.S. livestock: Fund liquidation undercuts CME live cattle

Feb. 10, 2017 at 3:33 pm CST

By Theopolis Waters

U.S. grains: Wheat rallies to seven-month high after USDA data

Feb. 9, 2017 at 3:55 pm CST

Chicago | Reuters — U.S. wheat futures gained two per cent to a seven-month high on Thursday after the U.S. Department of Agriculture increased its export forecast and showed smaller-than-expected global supplies in a monthly report. Chicago Board of Trade soybean futures fell and corn prices declined narrowly from an […]

By Michael Hirtzer

U.S. livestock: CME live cattle end firmer

Feb. 9, 2017 at 3:48 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent/lb. higher at 117.65 cents, and […]

By Theopolis Waters

U.S. livestock: Initial cash prices drop CME live cattle

Feb. 8, 2017 at 5:08 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at […]

By Theopolis Waters

U.S. grains: Soybeans hit two-week high on fund buying

Feb. 8, 2017 at 4:16 pm CST

Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday while corn and wheat prices also rose on support from investment fund buying and position squaring ahead of a government crop report due on Thursday. Soybeans saw the biggest gains, with Chicago Board of Trade climbing […]

By Michael Hirtzer

U.S. livestock: CME hog futures again reach new highs

Feb. 7, 2017 at 5:06 pm CST

Chicago | Reuters — Chicago Mercantile Exchange February lean hogs on Tuesday scored a fresh contract high, and deferred months scored new monthly tops, led by brisk wholesale pork demand cash price optimism, said traders. February hogs ended 1.025 cents/lb. higher at 72.375 cents, and hit a new contract high […]

By Theopolis Waters