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CME cattle futures recover on technical trading

CHICAGO, May 16 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday on short covering and technical trading after a selloff in the previous session, traders said. Cattle futures have also been underpinned by strong boxed beef prices and a tight cattle supply. Futures prices set all-time highs earlier in…

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CME cattle higher on surging cash market

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 nonexistent…

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