Latest news with #CME
Yahoo
9 hours ago
- Business
- Yahoo
Hogs Face Pressure on Monday
Lean hog futures are down a tick in July, which expires on Tuesday, with other contracts falling $1.45 to $2.97 in the nearbys. USDA's national base hog price was reported at $109.58 on Monday afternoon, up $2.89 from the day prior. The CME Lean Hog Index was down 4 cents at $107.10 on July 10. USDA's FOB plant pork cutout value from the Monday PM report was back up 38 cents at $113.85. The butt primal was back down $8.53, with the belly up $5.40. Monday's estimated hog slaughter was 477,000 head according to the USDA. That was 1,000 head below last Monday and 2,067 head above last year. Coffee Prices Surge on Dry Conditions in Brazil and Tariff Threats Why Sunday's Open Isn't as Important as the Next Weekly Close Coffee Prices Sharply Higher on Dry Weather in Brazil and Tariff Threats Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Jul 25 Hogs closed at $106.700, down $0.025, Aug 25 Hogs closed at $103.225, down $1.450 Oct 25 Hogs closed at $87.675, down $2.975, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Business
- Yahoo
Cattle Fall Back Lower on Monday
Live cattle futures closed out Monday with contracts $2.12 to $2.925 in the red at the close. Cash trade was up $4-5 last week at $228-$230 in the South, with Northern action $8-10 higher wk/wk at $240-241. Feeder cattle are fell lower on the Monday session as contracts were down $5.50 to $5.85. The CME Feeder Cattle Index was back down $3.48 to $319.89 on July 11. The weekly OKC feeder cattle auction had an estimated 7,000 head for sale, with price action listed $10-25 higher. USDA Wholesale Boxed Beef prices continue the weaker pattern in the Monday PM report, with the Chc/Sel spread widening to $12.49. Choice boxes were down $1.57 to $377.07, while Select was quoted $1.91 lower at $364.58 /cwt. USDA estimated cattle slaughter for Monday at 112,000 head. That was 2,000 head below last Monday and 5,427 head lower vs. the same week last year. Coffee Prices Surge on Dry Conditions in Brazil and Tariff Threats Why Sunday's Open Isn't as Important as the Next Weekly Close Coffee Prices Sharply Higher on Dry Weather in Brazil and Tariff Threats Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Aug 25 Live Cattle closed at $219.350, down $2.850, Oct 25 Live Cattle closed at $216.775, down $2.925, Dec 25 Live Cattle closed at $217.450, down $2.125, Aug 25 Feeder Cattle closed at $319.475, down $5.850, Sep 25 Feeder Cattle closed at $319.575, down $5.825, Oct 25 Feeder Cattle closed at $317.700, down $5.500, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
9 hours ago
- Business
- Mint
CME cattle futures backpedal from strong rallies
CHICAGO, July 14 (Reuters) - Chicago Mercantile Exchange live cattle and feeder futures tumbled on Monday in a technical setback from lofty prices, traders said. The markets surged last week as cash prices jumped more than many traders expected and Washington again halted imports of cattle from Mexico, limiting supplies. Consumer demand for beef has largely remained strong this year, even as tight U.S. cattle inventories have reduced production and pushed prices to records. Futures took a breather after rallying Friday, traders said. CME August live cattle futures closed down 2.85 cents at 219.35 cents per pound after jumping 3.8% last week. August feeder cattle sank 5.85 cents to end at 319.475 cents per pound. The contract soared 5% last week, as analysts said that cash prices increased by $4 to $8 per hundredweight. The U.S. Department of Agriculture said on Wednesday that it would immediately block cattle imports from Mexico due to the spread of New World screwworm, a devastating livestock pest, after starting to resume imports days earlier. Some producers typically import Mexican cattle to fatten in U.S. feedlots and slaughter in U.S. processing plants. Beef processors saw profit margins turn negative as they paid higher prices for cattle while beef prices declined. Meatpackers were losing $43.20 for each head of cattle they processed on Monday, compared to profits of $73.95 a week ago, said. U.S. wholesale boxed beef prices remained under pressure after sliding late last week. Choice cuts fell by $1.57 to $377.07 per hundredweight (cwt), according to USDA data. For pork, the wholesale U.S. carcass cutout price edged up $0.38 to $113.85 per cwt, the USDA said. Prices surged for pork bellies and sank for butts. CME August lean hogs ended 1.45 cents lower at 103.225 cents per pound. Meatpackers slaughtered an estimated 477,000 hogs, compared to 478,000 hogs a week ago and 474,933 hogs a year ago, according to the USDA. Packers slaughtered an estimated 112,000 cattle, down from 114,000 cattle a week ago and 117,427 cattle a year ago, as inventories are low. (Reporting by Tom Polansek in Chicago; Editing by Mohammed Safi Shamsi)
Time of India
10 hours ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Hedge Funds Build Record Short Position on Ether
14 Jul 2025 | 11:55:11 PM IST Hedge funds have amassed a $1.73 billion short position on ether (ETH) CME contracts, employing a basis trade strategy to capitalize on ETH's rally to $3,000. Recent reports highlight significant movements in the cryptocurrency market, particularly with ether (ETH) as hedge funds establish a record $1.73 billion short position on CME contracts. This strategy, known as basis trading, allows them to earn an annualized yield of 9.5% while ETH ETFs experience unprecedented inflows. Meanwhile, digital asset funds have seen inflows of $3.7 billion, marking the second-highest weekly total on record, with Bitcoin products leading the charge. The divergence in investment strategies is evident as institutional investors focus on Bitcoin and Ether, while retail investors gravitate towards altcoins and memecoins. This shift is underscored by a surge in OTC trading volumes, particularly among traditional finance firms. Additionally, the U.S. House of Representatives is gearing up for crucial votes on crypto legislation, including the Clarity Act and the GENIUS Act, which could significantly shape the regulatory landscape for digital assets. As the market evolves, these developments indicate a more mature and specialized crypto environment, setting the stage for future growth and regulatory clarity. Show more
Yahoo
12 hours ago
- Business
- Yahoo
Hogs Falling on Monday
Lean hog futures are up a tick in July, which expires on Tuesday, with other contracts falling $1.15 to $2.30 in the nearbys. USDA's national base hog price was not reported on Monday morning, due to light volume. The CME Lean Hog Index was down 4 cents at $107.10 on July 10. CFTC data showed the large managed money speculators in lean hog futures and options trimming 2,788 contracts from their net long position as of Tuesday. They took that net position to 131,799 contracts as of July 8. Coffee Prices Surge on Dry Conditions in Brazil and Tariff Threats Why Sunday's Open Isn't as Important as the Next Weekly Close Slower Pace of Ivory Coast Cocoa Exports Boosts Cocoa Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! USDA's FOB plant pork cutout value from the Monday AM report was back up $1.73 at $115.20. The butt primal was back down $8.12, with the belly up $9.06. Last week's estimated hog slaughter was 2.371 million head according to the USDA. That was well above last week and 1,838 head above last year. Jul 25 Hogs are at $106.750, up $0.025, Aug 25 Hogs are at $103.525, down $1.150 Oct 25 Hogs is at $88.350, down $2.300, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
