Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle stretched their losing streak to four days on Friday after investors tweaked positions before the government cattle reports due later in the afternoon, traders said. The U.S. Department of Agriculture’s monthly Cattle-On-Feed report was due at 2 p.m. CDT (1900 GMT). At the same time, USDA will issue […] Read more
U.S. livestock: CME live cattle futures extend losses ahead of USDA reports
U.S. livestock: Lower cash prices sink CME live cattle for 3rd straight day
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures slid for a third day in a row on Thursday, hitting 13-month lows in those sessions, following preliminary cash price weakness, traders said. August closed 1.150 cents per lb lower at 143.350 cents, and October was down 1.800 cents at 144.650 cents. On Thursday, market-ready, or cash, […] Read more
U.S. Livestock: CME live cattle again sag to 13-month low as beef demand fades
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle sank to a 13-month low for a second straight session on Wednesday as wholesale beef demand continued to flounder seasonally, traders said. August closed 0.650 cent per lb lower at 144.500 cents, and October down 0.825 cent at 146.450 cents. Wednesday morning’s wholesale choice beef price, or cutout, […] Read more
Ukraine opens to more Canadian beef imports
Reading Time: < 1 minute Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast have announced the Ukrainian market has opened for beef from cattle under 30 months of age and ready-to-eat meat. In 2014 Ukraine lifted a ban on imports of other Canadian beef products imposed after Canada reported a case of bovine spongiform encephalopathy in 2003. A […] Read more
U.S. livestock: Cash price pessimism drops CME live cattle to 13-month low
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle fell to their lowest level in 13 months on Tuesday in anticipation of lower prices this week for market-ready, or cash, cattle, traders said. August closed 1.600 cents per lb lower at 145.150 cents, and October down 1.750 cents at 147.275 cents. On Tuesday, isolated cash […] Read more
Klassen: Softer beef complex weighs on feeders
Reading Time: 2 minutes Western Canadian feeder cattle experienced a week-over-week decline of $3 to $6 on average. In central Alberta, the market appeared to hold value on larger strings of quality feeders but the market in all other regions of the Prairies appeared to lack buying enthusiasm. Alberta fed cattle prices were quoted in the range of $186 […] Read more
U.S. livestock: CME live cattle futures finish mostly weak; hogs lower
Reading Time: 2 minutes Chicago / Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Monday after investors sold deferred months and bought August because of its discount to last week’s cash prices, traders said. August closed up 0.100 cent per lb at 146.750 cents, October 0.100 cent lower at 149.025 cents and December down 0.075 […] Read more
France says livestock crisis putting thousands of farms at risk
Reading Time: 2 minutes Paris | Reuters –– A downturn in France’s livestock sector has put thousands of farms close to bankruptcy, the government said Friday, as it seeks to contain a crisis that has undermined a flagship pledge to improve the livelihood of livestock producers. Farmers say a deteriorating international market, marked by a Russian food embargo, slowing […] Read more
U.S. livestock: CME live cattle settle mixed after bouncy session
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Friday after a choppy session swayed by pre-weekend positioning and investors digesting this week’s lower cash prices, traders said. August closed up 0.15 cent/lb. at 146.65 cents, and October down 0.3 cent at 149.125 cents (all figures US$). On Friday, market-ready (cash) […] Read more
U.S. livestock: Sluggish beef demand takes down CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower for a second day in a row on Thursday, pressured by lacklustre wholesale beef demand that could drag down this week’s cash prices, traders said. August closed 0.525 cent/lb. lower at 146.5 cents, and October down 0.8 cent at 149.425 cents (all figures […] Read more
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