Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures tumbled to the lowest level in eight months, led by fund liquidation and weaker-than-expected prices for cattle ready for processing, traders said. August ended 2.475 cents per pound lower at 110.000 cents, and October closed 2.550 cents lower at 108.050 cents. Packers in the U.S. Plains on […] Read more
U.S. livestock: Live cattle hits 8-month low on cash prices
U.S. livestock: Market uncertainty weighs on CME live cattle futures
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures were weakened on Tuesday by uncertainty over how much packers will pay for cattle this week and whether the seasonal lull in wholesale beef demand has ended, traders said. Futures remained at a steep discount, or undervalued, compared with this week’s expected prices for market-ready or cash […] Read more
Klassen: Feeder market anticipates higher feed grain prices
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were steady to $5 higher. Across the prairies, strong demand was noted on limited offerings. Most auction barns are gearing up for major sales over the next couple weeks; however, it appears that a few ranchers were testing the waters and the results were quite surprising. Feedlot operators […] Read more
U.S. livestock: Lean hog futures turn higher on cash discounts
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange lean hogs settled higher on Friday, with buyers attracted to futures that remained undervalued compared to prices paid by packers for market-ready, or cash, hogs, traders said. CME’s hog index, a barometer for cash prices, for Aug. 2 was 87.11 per cwt. Bargain buying after recent losses and purchases by […] Read more
U.S. livestock: Beef price bounce extends live cattle gains
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished in bullish territory for a third straight session on Thursday, helped by firmer wholesale beef values, said traders. Technical buying and futures’ discounts to cash prices so far this week provided additional market support, they said. August ended 0.700 cent per pound higher at 115.225 cents […] Read more
U.S. livestock: Live cattle futures climb on cash price discount
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures climbed higher on Wednesday, driven by short-covering and futures’ discounts to early-week cash prices, traders said. Buy stops and fund buying enhanced market advances, they said. August ended 1.725 cent per pound higher at 114.525 cents per pound, and October 1.800 cents higher at 114.675 cents. Both […] Read more
U.S. livestock: Higher beef price boosts CME live cattle futures
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Tuesday recovered some of their recent losses, helped by the morning’s wholesale beef price turnaround, traders said. Buy stops and futures’ discounts to this week’s expected cash prices provided additional market support, they said. August ended 0.800 cent per pound higher at 112.800 cents […] Read more
Klassen: Calm feeder market prior to fall run
Reading Time: 2 minutes Western Canadian feeder cattle markets were hard to define over the past week given the limited numbers on offer. Most sale barns remain in holiday mode and the few cattle coming on the market were of various quality. Lighter weight feeders were trading $3 to as much as $10 lower compared to week ago levels; […] Read more
U.S. livestock: End-of-month positioning pressures CME live cattle
Reading Time: 2 minutes Chicago / Reuters – Last Friday’s selling of Chicago Mercantile Exchange live cattle contracts carried over into Monday, led by sell-stops and position squaring on the last trading session of the month, traders and analysts said. Some investors sold August futures and simultaneously bought deferred contracts while cautiously awaiting this week’s cash prices. August ended […] Read more
U.S. livestock: Live cattle futures sag on cash prices, Japan news
Reading Time: < 1 minute Chicago / Reuters – Chicago Mercantile Exchange live cattle settled lower on Friday, weighed by weaker cash prices and word that Japan plans to hike tariffs on U.S. frozen beef, said traders. Japan will raise tariffs from August on imports of frozen beef from the United States to protect domestic producers, Japan’s Ministry of Finance […] Read more
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