U.S. livestock: Cattle drop further on rising supply, weak cash prices

U.S. livestock: Cattle drop further on rising supply, weak cash prices

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures dropped for a fourth straight session on Wednesday, pressured by weaker cash cattle prices and seasonally rising supplies, traders said. Technical selling further weighed on the market, sending the spot contract to the lowest level in nearly six weeks. “We’re going to be coming […] Read more

U.S. livestock: Live cattle retreat on technical selling, fund liquidation

U.S. livestock: Live cattle retreat on technical selling, fund liquidation

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third straight session on Tuesday on technical selling and fund long liquidation following the market’s recent climb to one-year highs, traders said. Open interest in live cattle futures was expected to be lower for a second straight session after hitting an all-time […] Read more


U.S. livestock: Live cattle tumble on bearish USDA data

U.S. livestock: Live cattle tumble on bearish USDA data

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more






U.S. livestock: Live cattle hit contract highs on weather woes

U.S. livestock: Live cattle hit contract highs on weather woes

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose Tuesday, with the benchmark June contract hitting a high as poor feedlot conditions in portions of the U.S. Plains raised concerns about beef supplies, traders said. Lean hogs closed lower in a profit-taking setback from contract highs set a day earlier. Fat cattle futures […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation pattern

Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. The market was quite variable across the Prairies. Demand from south of the border evaporated due to adverse weather while southern Alberta experienced favourable spring conditions. Alberta packers were buying fed cattle at $260 on a dressed basis, up […] Read more