(Canada Beef Inc. photo)

U.S. livestock: Higher beef prices extend CME live cattle advances

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures landed in positive territory for a third day in a row on Tuesday, driven by upward-trending wholesale beef values that may bode well for cash prices later this week, traders said. Spot October closed 1.975 cents/lb. higher at 140.25, and December up 1.525 cents, to […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle up again as beef quotes rise

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher for a second straight session Monday, supported by the morning’s wholesale beef price increase, traders said. Spot October closed 2.325 cents/lb. higher at 138.275, and December up 2.225 cents to 141.65 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed […] Read more