Insights and Stories on CME

Jul. 19, 2016 at 3:01 pm CDT

Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts closed sharply lower on Tuesday, undercut by technical-related selling that wiped out Monday’s gains, traders said. They said August futures led losers after investors periodically sold that contract and simultaneously bought deferred months in a trading strategy known as bear spreading. August live cattle ended […]

By Theopolis Waters

Jul. 18, 2016 at 3:53 pm CDT

Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 […]

By Theopolis Waters

Jul. 15, 2016 at 5:29 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Friday, after fund liquidation and lower expected cash prices later in the day pared Thursday’s market gains, traders said. August live cattle ended 1.8 cents/lb. lower at 110.925 cents, and October closed 2.225 cents lower at 109.85 […]

By Theopolis Waters

Jul. 14, 2016 at 3:59 pm CDT

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 […]

By Theopolis Waters

Jul. 13, 2016 at 4:42 pm CDT

Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from […]

By Michael Hirtzer, Tom Polansek