(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end mostly firm

Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, after investors sold April futures and simultaneously bought deferred months. Investors held off buying April futures despite strong wholesale beef values and steady-to-better cash price expectations for this week. April live cattle closed 0.35 cent/lb. lower at 117.575 cents (all […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Funds, beef demand fuel CME live cattle rally

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Tuesday, driven by fund buying and brisk wholesale beef demand, said traders. They said deferred-month contracts’ discounts to this week’s expected cash prices provided additional market support. February live cattle, which expired at noon CT, closed 1.225 cents/lb. higher at 126.6 […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking pressures cattle futures, boosts hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an end-of-the-week rally,” Rosenthal Collins […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs extend losses on cash expectations

Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Thursday, extending losses to their third straight session, on pressure from expectations for declines in Midwest cash hog markets, traders and analysts said. Lower wholesale pork prices this week, especially pork belly cuts, also weighed on futures and squeezed packer […] Read more





(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle drop on cautious feedlot demand

Western Canadian feeder cattle markets traded $3 to as much as $8 below week-ago levels as feedlot managers anticipate growing beef supplies during the late spring and summer. Heavier weight categories absorbed the brunt of the selling pressure, with backgrounding operators liquidating fall-placed calves. Certain groups of higher-quality heifers held value with the purpose of […] Read more

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle rebound on cash, beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures halted a two-day slide on Friday, sparked by improved wholesale beef values and better-than-expected cash prices, said traders. They said buy stops and technical buying furthered live cattle market advances. CME livestock markets will be closed on Monday in observance of the Presidents Day holiday. […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price unease pressures CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slipped for a second straight day, amid investor caution while waiting for remaining cash cattle to change hands by Friday, said traders. Short-covering and futures’ discounts to early-week cash returns provided downside market support, they said. February live cattle closed down 0.25 cent/lb. […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs slump on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.6 cent/lb. lower at 116.775 cents, and below the 10-day moving average of […] Read more