Insights and Stories on Plains

Mar. 19, 2019 at 7:03 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose Tuesday, with the benchmark June contract hitting a high as poor feedlot conditions in portions of the U.S. Plains raised concerns about beef supplies, traders said. Lean hogs closed lower in a profit-taking setback from contract highs set a […]

By Julie Ingwersen

Mar. 4, 2019 at 6:55 pm CST

Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds […]

By Julie Ingwersen

Mar. 1, 2019 at 6:30 pm CST

Chicago | Reuters — U.S. live cattle futures roared to new contract highs on Friday, supported by worries about cold weather limiting weight gain in herds. Most-active April cattle touched a contract high of 130.45 cents/lb., topping its previous high of 130.1 on Wednesday (all figures US$). June cattle also […]

By Tom Polansek

Feb. 22, 2019 at 6:38 pm CST

Chicago | Reuters — U.S. cattle futures reached a one-year high on Friday on concerns that cold, snowy weather next week may tighten supplies by slowing weight gain and transportation of livestock. Snowfall is expected to increase across the U.S. Plains, where the temperature outlook also is trending colder, according […]

By Tom Polansek

Jan. 22, 2019 at 4:28 pm CST

Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Monday, pressured by forecasts for better weather in the U.S. Plains following snowstorms and bitter cold in the past week, traders said. “The big thing in the cattle was a real clear message that we have a sharp increase […]

By Mark Weinraub