Photo: Canada Beef Inc.

U.S. livestock: Supply jitters extend CME live cattle futures losses

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell for a fourth straight session on Thursday, dragged down by growing worries about hefty near-term supplies, traders said. “We’ve got more numbers (cattle) out here and more numbers coming, and that’s just a Damocles sword over this market,” said Top Third Marketing analyst Mark Gold. Fund […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle hits 8-month low on cash prices

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures tumbled to the lowest level in eight months, led by fund liquidation and weaker-than-expected prices for cattle ready for processing, traders said. August ended 2.475 cents per pound lower at 110.000 cents, and October closed 2.550 cents lower at 108.050 cents. Packers in the U.S. Plains on […] Read more


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U.S. livestock: Market uncertainty weighs on CME live cattle futures

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures were weakened on Tuesday by uncertainty over how much packers will pay for cattle this week and whether the seasonal lull in wholesale beef demand has ended, traders said. Futures remained at a steep discount, or undervalued, compared with this week’s expected prices for market-ready or cash […] Read more

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U.S. livestock: Lean hog futures turn higher on cash discounts

Chicago/Reuters – Chicago Mercantile Exchange lean hogs settled higher on Friday, with buyers attracted to futures that remained undervalued compared to prices paid by packers for market-ready, or cash, hogs, traders said. CME’s hog index, a barometer for cash prices, for Aug. 2 was 87.11 per cwt. Bargain buying after recent losses and purchases by […] Read more


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U.S. livestock: Beef price bounce extends live cattle gains

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished in bullish territory for a third straight session on Thursday, helped by firmer wholesale beef values, said traders. Technical buying and futures’ discounts to cash prices so far this week provided additional market support, they said. August ended 0.700 cent per pound higher at 115.225 cents […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle futures climb on cash price discount

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures climbed higher on Wednesday, driven by short-covering and futures’ discounts to early-week cash prices, traders said. Buy stops and fund buying enhanced market advances, they said. August ended 1.725 cent per pound higher at 114.525 cents per pound, and October 1.800 cents higher at 114.675 cents. Both […] Read more


Photo: Canada Beef Inc.

U.S. livestock: Higher beef price boosts CME live cattle futures

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Tuesday recovered some of their recent losses, helped by the morning’s wholesale beef price turnaround, traders said. Buy stops and futures’ discounts to this week’s expected cash prices provided additional market support, they said. August ended 0.800 cent per pound higher at 112.800 cents […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: End-of-month positioning pressures CME live cattle

Chicago / Reuters – Last Friday’s selling of Chicago Mercantile Exchange live cattle contracts carried over into Monday, led by sell-stops and position squaring on the last trading session of the month, traders and analysts said. Some investors sold August futures and simultaneously bought deferred contracts while cautiously awaiting this week’s cash prices. August ended […] Read more


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U.S. livestock: Live cattle futures sag on cash prices, Japan news

Chicago / Reuters – Chicago Mercantile Exchange live cattle settled lower on Friday, weighed by weaker cash prices and word that Japan plans to hike tariffs on U.S. frozen beef, said traders. Japan will raise tariffs from August on imports of frozen beef from the United States to protect domestic producers, Japan’s Ministry of Finance […] Read more

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U.S. livestock: Bargain buying strengthens live cattle futures

Chicago / Reuters – Chicago Mercantile Exchange live cattle closed steady to higher on Thursday, with support from bargain buying and futures’ discounts to initial cash prices, said traders. Investors bought deferred months and simultaneously sold August futures after digesting last Friday’s bearish U.S. Department of Agriculture cattle reports. August ended unchanged at 114.300 cents per […] Read more