Chicago Mercantile Exchange (CME) cattle futures turned lower for a second trading session on Thursday, even as the tight U.S. cattle supply and strength in the beef cutout values offered support, analysts said.
Tag Archives beef
U.S. livestock: Cattle turn lower as China allows some Russian beef imports
U.S. livestock: Cattle lower on technical trading, JBS-China export news
Chicago Mercantile Exchange (CME) cattle futures turned lower on Wednesday amid news that China has blocked U.S. beef exports coming from a JBS-owned plant in Colorado because traces of the feed additive ractopamine were identified in beef destined for China.
U.S. livestock: Cattle futures turn higher on packer buying expectations
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday on technical trading and market anticipation that packers increase buying on a shortened holiday week, analysts said.
Klassen: Demand for grass cattle pushes feeder market higher
In the week ending May 25, Western Canadian feeder cattle markets were trading $4 to $8 higher compared to seven days earlier. Some higher quality genetic packages of 700-pound plus cattle were up as much as $10 from week-ago levels.
U.S. livestock: Live cattle mixed, feeder cattle lower ahead of holiday weekend
Chicago Mercantile Exchange live cattle futures ended mixed on Friday, amid growing uncertainty over packer interest after the U.S. Memorial Day holiday weekend, traders said.
U.S. livestock: Lean hogs hit three-month low on weaker cash prices
Chicago Mercantile Exchange lean hog futures slumped to a February low on Thursday under pressure from solid U.S. production and weaker cash prices, traders said.
U.S. livestock: Cattle futures continue to rally, lean hogs weaken
Chicago Mercantile Exchange live and feeder cattle futures rallied on Wednesday amid expectations of strength in the cash markets, while lean hog futures faced continued pressure from data showing that U.S. packers are processing a glut of pork, analysts said.
U.S. livestock: CME hogs slide to February low under US production pressure
Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.
Klassen: Demand for grass cattle pushes feeder market higher
For the week ending May 18, Western Canadian yearling markets were trading $3 to $5 higher compared to seven days earlier. Calf prices were relatively unchanged compared to the prior week. The feeder market appears to be consolidating near historical highs.
U.S. livestock: Rallying beef prices push CME live cattle to seven-week high
Wholesale beef prices have jumped this week as retailers and meat processors look ahead to the Memorial Day weekend at the end of the month. The holiday is considered the start of the peak grilling season for products like steaks and hamburgers.
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