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U.S. livestock: Feeder cattle rally from five-month low in technical bounce

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures rallied from five-month lows on Tuesday in a short-covering and technical-buying bounce, traders said. Live cattle futures followed feeders higher, although gains were clipped by limited packer demand for U.S. Plains feedlot cattle ahead of next week’s shortened Thanksgiving holiday week slaughter. Actively traded January[...]
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Klassen: Weather weighs on feeder cattle

Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. Eastern Prairie regions experienced demand from Ontario and Quebec, which limited the downside; however, Alberta markets faltered as buyers, having factored in a higher deathloss due to adverse weather. Light wet snow along with warmer temperatures during the[...]
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U.S. livestock: Cattle futures drop most since June on weaker cash market

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell more than 1 percent on Friday, sagging under pressure from lower wholesale beef prices and slightly weaker trades in cash cattle markets in the southern Plains, traders said. Front-month December live cattle settled 1.975 cents lower at 114.575 cents per pound. The contract finished[...]
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