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CME cattle fall on economic jitters, hogs firm
2012年5月11日 / 下午2点02分 / 6 年前

CME cattle fall on economic jitters, hogs firm

May 11 (Reuters) - U.S. cattle futures fell early Friday at
the Chicago Mercantile Exchange and were headed for their third
straight weekly decline, pressured by slumping stocks and
renewed debt concerns in the euro zone.	
    * Lean hogs rebounded from early declines to turn higher as
traders continued to buy the contract after futures hit a
eight-month low earlier this week.	
    * But the sharp trading losses at top U.S. bank JPMorgan and
fears surrounding anti-austerity votes in Europe limited buying
interest in hogs and weighed on live and feeder cattle, traders
said.	
    * Cash cattle trade was awaited, with packers bids said to
range from $118 to $119 per cwt while feedlots priced their
animals at $122 to $124. The spread between recent cash and
futures cattle trade is widest five years. 	
    	
    LIVE CATTLE - At 8:50 a.m. CDT (1350 GMT), June was
down 0.500 cent at 115.350 cents per lb with August off  
0.600 cent at 118.000 cents.	
    * Traders are expecting cash cattle to trade steady to
slightly lower.	
    * Packers may be more willing to increase bids for cattle
based on their positive operating margins. 	
             	
    FEEDER CATTLE - Spot May down 0.375 cent at 149.975
cents per lb. Most actively traded August down 0.725 cent
at 158.175 cents.       	
    * Losses capped by lower corn futures, which imply reduced
feed costs for cattle feeders.	
	
    LEAN HOGS - June up 0.300 cent at 84.800 cents per
lb, with July up 0.300 cent at 85.075 cents.             	
    * Futures lifted by ideas hog market may have bottomed as
well as improved pork packer margins.	
    * Cash hogs seen steady in U.S. Midwest.

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