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Tag Archives cattle futures

(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs fall on technical selloff

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Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog futures fell sharply on Wednesday, led by declines in the front-month June contract on technical and fund selling that was linked to an expected slump in the cash hogs market, traders and analysts said. The June contract settled 1.525 cents lower at a one-week low of 81.225 cents/lb., […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle firm on short-covering, beef gains

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures edged higher on Tuesday, lifted by technical buying and short-covering tied to recent gains in wholesale beef prices, traders and analysts said. But cattle failed to surpass the one-month highs reached on Thursday, triggering concerns the rally that started at the end of April was running out […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder market bounces off previous lows

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Reading Time: 2 minutes Western Canadian feeder cattle prices traded $5-$8 above week-ago levels with quality groups of steers selling for as much as $10 higher. Renewed optimism surfaced amongst feedlot operators as feeding margins appear to be moving above break-even pen closeout values. Auction markets that only had two or three major buyers at previous sales in spring […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle finish mostly higher

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Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.4 cent/lb. at 123.025 cents (all figures US$). August ended up 0.75 cent, […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs jump, cattle firm on gains in meat prices

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hogs gained the most in a week on Tuesday while cattle futures rose for the eighth straight session, with each commodity rising in tandem with wholesale meat prices on signs of growing demand, traders said. Trading volumes in the livestock contracts were relatively subdued at the Chicago Mercantile Exchange […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Drop in fed cattle prices weighs on feeder complex

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Reading Time: 2 minutes Alberta fed cattle prices dropped sharply last week, with dressed sales falling $10 to $20 from seven days earlier. Despite the weakening Canadian dollar, wholesale beef prices also fell US$10/cwt which offset any currency benefit. Feedlot operators froze with disbelief as the market suffered one of the sharpest week-over-week declines in recent memory. The hot […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb for sixth straight session

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday stretched their consecutive win streak to six sessions, helped by optimism for cash prices by late afternoon that offset stagnant wholesale beef demand, traders said. June live cattle closed 1.1 cents/lb. higher at 120.725 cents, and August ended up 0.475 cent at 117.9 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally fifth day in a row

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher for a fifth successive session on Thursday, driven by lighter cattle weights and the morning’s firm wholesale beef prices, traders said. June live cattle closed 2.175 cents/lb. higher at 119.625 cents, and August ended up 2.125 cents at 117.425 cents (all figures US$). […] Read more

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