(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking, beef quotes drop CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle limit up on technical buying

Chicago | Reuters — U.S. live cattle futures climbed to a nine-month high on Tuesday, extending gains from the previous session on chart-based and investment fund buying, traders and analysts said. Feeder cattle and lean hog futures also rose at the Chicago Mercantile Exchange, with feeders reaching the highest levels since August. Trading limits in […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle turn lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday gave back some of Wednesday’s gains, pressured by profit-taking and technical selling, said traders. They said early-session futures buying subsided after investors digested this week’s cash prices. February live cattle closed 0.6 cent/lb. lower at 115.075 cents (all figures US$). April ended down […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund buying rallies live cattle, lean hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed the prior day’s losses, with strength from technical buying and short-covering, said traders. February live cattle closed 0.8 cent/lb. higher at 115.675 cents (all figures US$). April ended up 0.775 cent at 114.725 cents and above the 10-day moving average of 114.547 […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME lean hogs retreat from four-month high

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs settled lower on Tuesday after profit-taking and fund liquidation dropped futures from an early-session four-month high, said traders. February hogs ended 2.65 cents/lb. lower at 63.5 cents (all figures US$). April closed down 1.175 cents, to 66.9 cents. Both contracts finished below their respective 10-day moving […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Cattle, hog futures mixed on end-of-year positioning

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures were narrowly mixed on Friday, paring earlier steep gains on end-of-year positioning, traders said. Stronger bids for cattle in U.S. Plains cash markets underpinned prices. But some investors took profits after most-active February futures hit an eight-month high before turning slightly lower. Despite the recent rally, cattle […] Read more