(Photo courtesy Canada Beef Inc.)

U.S. livestock: Spreads help drive up CME live cattle futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday after investors bought October futures and simultaneously sold deferred months in a trading strategy known as bull spreads, traders said. Some market participants, also through spreads, purchased live cattle futures and at the same time sold CME lean hog contracts. There are […] Read more


(Canada Beef Inc. photo)

U.S. livestock: CME live cattle gain on firmer beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled moderately higher on Wednesday, with help from short-covering and improved wholesale beef values, said traders. December received added support from fund buying after the contract topped the 10-day moving average of 109.648 cents (all figures US$). October live cattle finished up 0.275 cent/lb. at […] Read more







(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle snap back from nine-month low

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Thursday after short-covering and bargain buying rescued futures from a nine-month low earlier in the session, said traders. Technical buying and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday provided more market support. August, which will expire […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle resume trek to nine-month low

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday hit a nine-month low for the fourth time in the past five sessions, led by seasonally soft wholesale beef demand and lower initial cash prices, said traders. Fund liquidation contributed to declines after deferred contracts slipped below key technical support levels, they said. […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle break four-session losing skid

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent/lb. higher at 106.725 cents (all figures […] Read more