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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Supply, demand worries pull hogs from four-month high

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures eased from a four-month top on Monday, pressured by uneasiness over burdensome supplies and tepid meat demand, said traders. Technical selling and futures’ premiums to CME’s hog index for Dec. 14 at 64.11 cents further weighed on the market, they said (all figures US$). February […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash prices fuel higher CME live cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up 2.3 per cent, their biggest one-day gain in over a month, after packers paid more for livestock than expected, said traders. Buy stops, short-covering and fund buying accelerated futures advances, they said. December live cattle finished 2.625 cents/lb. higher at 118.9 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rebound

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday after short-covering and fund buying pared Wednesday’s losses, said traders. Expectations for steady to weaker prices for slaughter-ready, or cash, cattle by Friday pulled futures from morning highs, they said. December live cattle finished up 0.625 cent/lb. at 116.275 cents, and […] Read more
(File photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle give back some Tuesday gains

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday after softer wholesale beef demand and this week’s expectations for steady-to-lower cash prices erased some of Tuesday’s rally, said traders. Technical selling further weighed on CME’s live cattle market, they said. December live cattle finished down 0.5 cent/lb. to 115.65 cents […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle extend slide on long liquidation

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Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more

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