Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Monday as market players digested news that Mexican cattle imports to the U.S. will likely resume in the New Year, traders said.
Feeders
U.S. livestock: Cattle down as trade anticipates Mexican cattle imports
U.S. livestock: CME feeders fall on news US may resume Mexico cattle imports
Chicago Mercantile Exchange (CME) feeder cattle futures fell on Friday, on news the U.S. could resume feeder cattle imports from Mexico after Washington suspended cattle imports from Mexico over a case of New World screwworm.
USDA approves funds to fight screwworm, may resume Mexico cattle imports this year
The Biden administration approved a second round of emergency funding to block New World screwworm from entering the U.S. on Friday, a U.S. Department of Agriculture undersecretary told Reuters, after Washington suspended cattle imports from Mexico over the pest.
U.S. cattle: CME cattle futures close lower on technical selling
Chicago Mercantile Exchange cattle futures fell in a technical reversal on Thursday after three days of gains, while lean hogs rebounded from three days of long-liquidation losses, analysts said.
U.S. livestock: Live cattle futures close at highest since May on strong cash prices
Chicago Mercantile Exchange cattle futures rose for a third-straight session Wednesday on strong cash cattle prices, as feeder cattle followed, analysts said.
U.S. livestock: Cattle futures gain on consumer demand ahead of holidays
Chicago Mercantile Exchange cattle futures rose on Tuesday on technical trading and anticipation of consumer demand remaining strong going into the Christmas holidays, market analysts said.
Klassen: Feeder market continues to surge higher
For the week ending December 7, Western Canadian feeder cattle weighing 700 pounds plus traded $10 to $20 higher compared to seven days earlier. Calves under 700 pounds were up $8 to $10 on average. The markets in Manitoba and Eastern Saskatchewan were premium to Alberta in the heavier categories due to stronger U.S. and Ontario buying interest.
U.S. livestock: Cattle futures gain on wholesale demand, cutout prices
Chicago Mercantile Exchange live cattle futures rose on Monday, bolstered by a bump in wholesale cutout values and signs of ongoing consumer demand, according to analysts.
U.S. livestock: Live cattle mixed as technical selling offsets lift from firm cash
Chicago Mercantile Exchange live cattle futures traded on both sides of unchanged on Friday and finished the day mixed, underpinned by firm cash cattle prices but anchored by technical selling and seasonal pressure, analysts said.
U.S. livestock: Cattle futures drop on profit taking, weaker beef values
Chicago Mercantile Exchange live and feeder cattle futures fell for a second consecutive day on Thursday, pressured by technical selling and profit taking following recent highs, and as wholesale beef prices fell, analysts said.
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