(Photo courtesy Canada Beef Inc.)

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live cattle […] Read more



(Photo courtesy Canada Beef Inc.)

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday reversed some of Wednesday’s gains, led by weaker cash and wholesale beef values, traders said. Some market participants tweaked positions before Friday’s U.S. Department of Agriculture (USDA) monthly Cattle on Feed report. “We saw a small rally yesterday, and a steady opening today, […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Short-covering pares recent CME live cattle losses

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled higher after short-covering helped recoup some of the market’s recent cash price related losses, traders said. A few investors adjusted positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday. December live cattle finished 0.7 cent/lb. higher at […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Lower cash prices drop CME hogs to one-month low

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday slid to their lowest level in a month after downward-trending cash prices triggered sell orders, traders said. Fund selling developed after some contracts drifted below technical support areas. December hogs ended 2.325 cents/lb. lower at 59.975 cents, and below the 100-day moving average of […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market maintains upward trend

Western Canadian feeder cattle prices were quite variable this past week. Strength was noted in the eastern Prairie regions where markets traded $5 to as much as $10 above week-ago levels; however, Alberta steer prices were relatively unchanged but heifers traded $5 to $8 higher. Available feeder supplies will tighten as we approach the end […] Read more



U.S. livestock: CME live cattle retreat from five-month high

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more