[ad_1] CHICAGO, May 6 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures crept higher on Tuesday as strong wholesale beef prices and a tight cattle supply compelled meatpackers to pay up for each head of cattle, lending support to the cash market and cattle futures, analysts said. Hog futures ticked lower as…
[ad_1] Chicago Mercantile Exchange live cattle and feeder cattle futures surged to lifetime highs on Friday as high cash prices and tight supplies boosted prices. Strong consumer demand for beef and the constricted U.S. supply have sent cash cattle prices soaring, traders said. “Futures have been driven by the cash market, which has gone freaking…
[ad_1] CHICAGO, Jan 8 (Reuters) – Chicago Mercantile Exchange cattle futures fell back on Wednesday in a technical reversal after reaching multi-month and lifetime highs the previous day, according to analysts. CME February live cattle futures ended down 1.875 cents at 193.700 cents per pound. March feeder cattle settled down 2.950 cents at 264.975 cents…
