Insights and Stories on Fed Cattle Exchange

Sep. 20, 2017 at 5:18 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched their biggest gains in 11 months on Wednesday, boosted by optimism for higher cash cattle prices and technical buying, traders and analysts said. Higher cattle sales at a weekly online auction helped to trigger the rally. Feeder cattle and […]

By Michael Hirtzer

Aug. 22, 2017 at 5:26 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent/lb. higher […]

By Theopolis Waters

Aug. 21, 2017 at 4:57 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased to their lowest level in nine months on Monday as the seasonal supply build-up pressured wholesale beef prices for a third consecutive session, traders said. They said bullish traders worried that plentiful cattle numbers might again result in lower […]

By Theopolis Waters

Aug. 15, 2017 at 4:46 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Tuesday, ignited by bargain buying after burdensome supplies recently sank the contract to eight-month lows, said traders. “Everybody was just overly bearish and we had lots of long liquidation by funds pushing the market down. So […]

By Theopolis Waters

Jul. 19, 2017 at 6:18 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 […]

By Theopolis Waters