(Canada Beef Inc. photo)

U.S. livestock: CME live cattle slump with beef prices, but off lows

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by profit-taking and a wholesale beef price reversal after Thursday’s spike, traders said. Futures remained undervalued based on this week’s cash price expectations, which stirred late-session buying that freed contracts from session lows. June closed down 0.4 cent per pound, to […] Read more

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump on beef price turnaround

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Thursday on short-covering after wholesale beef values turned higher, traders said. June closed up 0.725 cent per pound, to 153.225 cents, and August 0.825 cent higher at 151.45 cents (all figures US$). Thursday morning’s choice wholesale beef price, cutout, rose $1.23 per hundredweight […] Read more


(Canada Beef Inc. photo)

U.S. livestock: CME live cattle fall as beef demand fades

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 per hundredweight (cwt) from Tuesday […] Read more

(Peggy Greb photo courtesy ARS/USDA)

Canada preparing shorter list of tariff targets in COOL fight

Reading Time: 2 minutes Winnipeg | Reuters — Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. The Canadian government is likely to target beef, pork, California wines, mattresses, cherries and office furniture, possibly along with other goods, from […] Read more


(CMEGroup.com)

U.S. livestock: CME live cattle close mostly weak

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally on discount to cash prices

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight […] Read more


(Canada Beef Inc. photo)

U.S. livestock: Slumping beef prices rattle CME live cattle

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price […] Read more

(CMEGroup.com)

U.S. livestock: Short-covering pushes CME live cattle, hogs higher

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle climbed for a second straight session on Thursday, fuelled by short-covering and positioning on the eve of the last trading day of May, traders said. June closed 1.025 cents per pound higher at 153.5 cents, and August up 1.325 cents to 152.75 cents (all figures US$). […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle shrug off early weakness

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday after initial selling, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.675 cent per pound higher at 152.475 cents, and August ended up 0.8 cent at 151.425 cents (all figures US$). Last week, most market-ready […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle down on profit-taking

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Tuesday on profit-taking, traders said. The U.S. government’s monthly cattle on feed report pressured CME live cattle Friday afternoon, and the market retained a weak tone on Tuesday. The focus has shifted from last week’s cattle on feed report to this week’s cash […] Read more