(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump on short-covering

Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Wednesday on technical buying and short-covering, spurred in part by higher-than-expected prices at a weekly cattle sale, traders said. Animals at Wednesday’s Fed Cattle Exchange brought $119.75/cwt, up from $119 a week earlier (all figures US$). “I guess people thought it would be closer […] Read more



(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs turn up on short-covering, bargain buying

Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Friday after short covering and bargain buying pared some of the market’s recent losses tied to fears about NAFTA negotiations, said traders. On Wednesday, Mexico said it would withdraw from the North American Free Trade Agreement, following Canadian government worries that the U.S. […] Read more