(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle plumb new lows on technical selloff

Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled down by their three cents/lb. daily price limit, on sell stops and fund liquidation after some contracts fell beneath chart support levels, said traders. October and December were down three cents/lb. at 98.875 and 100.05 cents, respectively (all figures US$). December futures […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle close weak

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished weaker on Friday on weekend positioning after traders sold nearby contracts and bought deferred months in a strategy known as bear spreading, said traders. October ended down 0.55 cent/lb. lower at 101.875 cents, and December down 0.05 cent, to 103.05 cents. “I think that […] Read more



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Burdensome supplies slam lean hog futures

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply on Wednesday, with some contracts posting new lows, led by profit-taking and seasonally rising hog numbers, traders said. Cooler fall temperatures in the Midwest and highly-nutritious new-crop corn are causing pigs to grow faster. The U.S. Department of Agriculture data on Wednesday showed […] Read more

U.S. livestock: Live cattle post biggest daily percentage gain in a year

U.S. livestock: Live cattle post biggest daily percentage gain in a year

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures surged about three per cent on Tuesday to their best one-day performance since October 2015, sparked by short-covering and technical buying, said traders. Prior to Tuesday’s open, CME live cattle contracts displayed a Relative Strength Index (RSI) of 27. A RSI below 30 suggests a […] Read more