Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said. June live cattle closed up 1.8 cents/lb. to 123.025 cents, after topping the 100-day moving average of 122.67 cents (all figures US$). August ended 2.725 cents/lb. higher at 118.725 […] Read more
U.S. livestock: CME live cattle rally on fund buying, beef demand
U.S. livestock: CME live cattle finish mostly weak
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed moderately lower on Tuesday after traders sold deferred months and bought June as wholesale beef values improved, traders said. June live cattle closed up 0.45 cent/lb., at 121.225 cents (all figures US$). August ended 0.55 cent/lb. lower at 116 cents, and October finished […] Read more
U.S. livestock: Fund sales reverse initial live cattle gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled lower after profit-taking and fund liquidation beat back early-session advances following Friday’s higher cash prices, traders said. June live cattle closed 1.225 cents/lb. lower at 120.775 cents, and August ended down 1.25 cents to 116.55 cents (all figures US$). Last week packers […] Read more
U.S. livestock: CME live cattle rise on cash price outlook
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished firm on Friday in anticipation of better cash prices than last week, traders said. June live cattle closed 0.275 cent/lb. higher at 122 cents, and August ended up 0.15 cent to 117.8 cents (all figures US$). After futures closed, a small volume of market-ready, […] Read more
U.S. livestock: Cash price optimism lifts CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted slight gains on Thursday in anticipation of packers paying the same or more for supplies than last week, traders said. June live cattle closed 0.3 cent/lb. higher at 121.725 cents, and August ended up 0.2 cent, to 117.65 cents (all figures US$). Shrinking cattle […] Read more
U.S. livestock: CME live cattle close mixed
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday after the morning’s higher wholesale beef prices prompted traders to buy the June contract and simultaneously sell August, traders said. June live cattle closed up 0.325 cent/lb. to 121.425 cents, and August ended 0.6 cent lower at 117.45 cents (all figures […] Read more
U.S. livestock: Weak cash outlook limits live cattle advances
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating cash […] Read more
U.S. livestock: Cash price outlook extends CME live cattle losses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped for a second straight session on Tuesday, pressured by follow-through selling and potentially softer cash prices later this week, traders said. June live cattle closed down 0.15 cent/lb. at 118 cents, and August ended 1.275 cents lower at 113.175 cents (all figures US$). Futures […] Read more
April U.S. cattle placed in feedlots at three-year high
Reading Time: 2 minutes Chicago | Reuters –– The number of cattle placed into U.S. feedlots in April jumped seven per cent from a year earlier, according to a government report on Friday, far exceeding most analysts’ forecasts. Feedlots were still operating at a loss, analysts said. But lower prices for young calves allowed feedlots to buy more of […] Read more
U.S. livestock: CME live cattle finish mostly higher
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.4 cent/lb. at 123.025 cents (all figures US$). August ended up 0.75 cent, […] Read more
A message from April Stewart, Country Guide's Associate Editor
