(Photo courtesy Canada Beef Inc.)

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think […] Read more



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hogs gain on short covering before USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday, supported by short covering before the U.S. Department of Agriculture’s quarterly hog report expected at 2 p.m. CT, traders said. Analysts expect Friday’s report to show further herd expansion during the March through May quarter compared with a year earlier. “The […] Read more

Improving consumer income is sustaining beef consumption levels even in the midst of all-time high beef prices.

Cattle markets expected strong through ‘til fall

Consumer spending appears to have an appetite for meats


Fed and feeder cattle markets across Canada continue to trade at historical highs on the heels of very strong beef demand. Alberta fed cattle prices continue to hover in the range of $200 to $202 per cwt; higher quality Charolais cross steers averaging 700 pounds are reaching above $300 across Western Canada. Improving consumer incomes […] Read more


(CMEGroup.com)

U.S. livestock: CME feeder cattle limit down as corn prices jump

Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest crop belt yield potential. High-priced […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle extend losses, hogs mixed

Chicago | Reuters –– Chicago Mercantile Exchange live cattle losses on Tuesday spilled over into Wednesday, pressured by sell stops and fund liquidation despite sharply higher wholesale beef values, traders said. June closed 1.325 cents per pound lower at 150.675 cents (all figures US$). August finished down 1.5 cents at 150.325 cents after falling below […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures turn back early selling

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, reversing initial weakness helped by short-covering and the morning’s wholesale beef price bounce, traders said. June closed up 0.55 cents per pound at 152.45 cents, and August 1.225 cents higher at 151.9 cents (all figures US$). Monday morning’s wholesale choice beef […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday gained for the first time in seven sessions, partly buoyed by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Analysts on average expect Friday’s report to show 7.2 per cent fewer cattle placed […] Read more