Insights and Stories on Packers

Dec. 4, 2017 at 3:39 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid lower Monday, led by the prospect that packers might pay less for supplies later this week, said traders. December live cattle finished down 0.85 cent/lb. at 116.375 cents, and February ended 0.8 cent lower at 121.175 cents (all figures […]

By Theopolis Waters

Nov. 1, 2017 at 6:59 pm CDT

Chicago | Reuters — U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120/cwt, […]

By Michael Hirtzer

Oct. 31, 2017 at 5:37 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog […]

By Michael Hirtzer

Oct. 13, 2017 at 5:18 pm CDT

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in modestly bearish territory on Friday amid pre-weekend consolidation after investors digested this week’s cash prices, said traders. “The market is priced right with this week’s cash. We’ll wait until next week to see if packers are short […]

By Theopolis Waters

Oct. 10, 2017 at 5:58 pm CDT

Chicago | Reuters — U.S. live cattle and lean hog futures rose more than one per cent on Tuesday, lifted by spreading and investment fund buying backed up by robust demand from meat packers, traders and analysts said. Beef and pork packers were capturing big profit margins given higher meat […]

By Michael Hirtzer