(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end firmer

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent/lb. higher at 117.65 cents, and above the 40-day moving average […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Initial cash prices drop CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at 116.775 cents, and April 1.75 […] Read more




(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs extend gains on packer demand

Chicago | Reuters — U.S. lean hog futures extended gains to a fresh seven-month high on Thursday, lifted by strong pork packer demand, while cattle futures also climbed in a short-covering rebound from Wednesday’s multiweek lows, traders and analysts said. Traders continued to bull-spread Chicago Mercantile Exchange lean hogs, with the front-month February contract hitting […] Read more