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Tag Archives beef prices

(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle slump with beef prices, but off lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by profit-taking and a wholesale beef price reversal after Thursday’s spike, traders said. Futures remained undervalued based on this week’s cash price expectations, which stirred late-session buying that freed contracts from session lows. June closed down 0.4 cent per pound, to […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle jump on beef price turnaround

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Thursday on short-covering after wholesale beef values turned higher, traders said. June closed up 0.725 cent per pound, to 153.225 cents, and August 0.825 cent higher at 151.45 cents (all figures US$). Thursday morning’s choice wholesale beef price, cutout, rose $1.23 per hundredweight […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall as beef demand fades

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 per hundredweight (cwt) from Tuesday […] Read more
(CMEGroup.com)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close mostly weak

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Slumping beef prices rattle CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Strong beef prices spill over into feeder market

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U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more
Beef Cattle, Cattleman’s Corner, Markets

Fed cattle market reaches historic highs

Strong demand for beef continues and cattle herd isn’t expanding quickly

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Alberta packers were buying fed cattle in the range of $198 to $200 cwt in April, which was a historic high. Lower energy values and stronger economic growth continue to cause a year-over-year increase in food spending. Disposable income for the average consumer has been ratcheting higher and unemployment levels are improving moving into the […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally as beef prices set new high

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures offset recent losses and finished higher on Tuesday, driven by short-covering following the day’s choice wholesale beef price surge to an all-time high, traders said. June closed up 0.4 cent per pound to 151.975 cents, and August was 0.575 cent higher at 150.6 cents (all […] Read more

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