Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday after investors bought the August contract and sold deferred months prompted by the morning’s wholesale beef price increase, traders said. Spot-August futures closed 0.45 cent/lb. higher at 148.675 cents, and October was down 0.025 cent at 148.175 cents (all figures US$). Wednesday […] Read more
U.S. livestock: CME live cattle close mixed, hogs lower
U.S. livestock: CME live cattle stretch rally into fourth straight day
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle barely eked out a four-day win streak after Tuesday’s choppy session, underpinned by anticipation of the same or better cash prices than a week ago, traders said. Spot-August futures closed 0.225 cent/lb. higher at 148.225 cents, and October up 0.1 cent at 148.2 cents (all figures […] Read more
Klassen: Feeder cattle prices stabilize
Reading Time: 2 minutes Western Canadian feeder cattle prices found some footing this past week trading at similar levels to seven days earlier. Auction market volumes consisted of stragglers and late bloomers with minimal numbers on offer; buyers on hand continue to promote the scarcity principle which caused the market to stabilize. Feedlots operators were quite aggressive on 800 […] Read more
U.S. livestock: Burdensome supply worries drag down CME hog futures
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange lean hogs closed lower on Friday as hefty supplies continued to pressure cash and wholesale pork values, traders and analysts said. August ended down 1.175 cents per lb at 78.500 cents, and October 1.975 cents lower at 63.725 cents. Market-ready, or cash, hogs in the western Midwest sold at $73.63 per […] Read more
U.S. livestock: CME live cattle futures finish mostly weak; hogs lower
Reading Time: 2 minutes Chicago/Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Thursday, after investors sold deferred months and bought August led by near-term bullish fundamentals, traders said. August closed up 0.300 cent per lb at 145.225 cents, October down 0.025 cent at 146.450 cents and December 0.150 cent lower at 148.125 cents. Market-ready, or […] Read more
U.S. livestock: CME live cattle futures weak ahead of cash prices
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle closed down slightly on Wednesday as investors await this week’s cash sales, traders said. August closed down 0.125 cent per lb at 144.925 cents, and October 0.325 cent lower at 146.475 cents. Bids for market-ready, or cash, cattle in Kansas and Texas were at $143 per cwt versus […] Read more
U.S. livestock: Beef price turnaround rallies CME live cattle futures
Feeder cattle futures close sharply higher, strong lean hog futures settlement
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts finished in positive territory on Tuesday for the first time in five sessions, fuelled by active short-covering following the recent wholesale beef price rise, traders and analysts said. August closed 2.025 cents per lb higher at 145.050 cents, and October 2.825 cents at 146.800 cents. The morning’s […] Read more
U.S. livestock: CME live cattle finish flat-lower after choppy session
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts settled flat to moderately lower following an up-and-down day on Monday, after traders sold deferred contracts and bought August because of its discount to last week’s cash prices, traders and analysts said. Short-covering and the morning’s wholesale beef price uptick at times helped underpin the nearby trading […] Read more
Brazil looking to open Canadian, Saudi Arabian fresh beef markets
Reading Time: < 1 minute Brasilia/Reuters – Brazil is working on a deal to open the Canadian market for fresh beef in the second half of 2015 and is in the final phase of opening the Saudi Arabian market, the agriculture ministry’s secretary of international relations said on Monday. Brazil also expects a final deal to export beef to Japan […] Read more
Klassen: Various views on the feeder cattle market
Reading Time: 2 minutes If you talked to three Western Canadian cattle buyers this week, you probably would receive four different views on the market. Certain auction barns were reflecting an average week-over-week decline of $3 to $5 but feature strings of cattle were back up to historical high prices. Early sales in the season are like tryouts at a […] Read more
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