Photo: Canada Beef Inc.

U.S. livestock: Live cattle plunge after USDA reports

Chicago / Reuters – Some Chicago Mercantile Exchange live cattle contracts settled down the 3.000-cent per pound daily price limit on Monday following Friday’s bearish U.S. Department of Agriculture cattle reports, said traders. Friday’s USDA monthly Cattle-On-Feed report showed the largest June cattle placements for the month in 11 years. The twice-yearly U.S. cattle inventory […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle slump on profit-taking, cash caution

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle buckle under technical pressure

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, hit by profit-taking and technical selling, said traders and analysts. They said some funds sold August futures and simultaneously bought the October contract. Positioning in advance of the U.S. Department of Agriculture monthly Cattle on Feed report on Friday exerted more […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Short covering lifts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Friday, aided by short covering and futures’ discounts to this week’s better-than-expected cash prices, said traders. CME livestock market funds that follow the Standard + Poor’s Goldman Sachs Commodity Index sold, or “rolled,” August futures and simultaneously bought October on the fifth […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Beef, profit-taking weaken CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday eased from Wednesday’s three-cent per pound limit-up settlement, pressured by profit-taking and seasonally struggling wholesale beef values, said traders. They said futures’ discounts to preliminary cash prices limited market losses. CME livestock market funds that track the Standard + Poor’s Goldman Sachs Commodity […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday settled up the three cents per pound daily price limit, driven by fund buying and futures’ discounts to stronger-than-expected cash prices, said traders. Funds that follow the Standard + Poor’s Goldman Sachs Commodity Index at times sold, or “rolled,” August futures and simultaneously […] Read more