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(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hit new contract lows before report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sped to new contract lows, accelerated by bearish fundamentals and positioning before the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Simultaneously, the U.S. Department of Agriculture will issue its monthly cold storage data that will include total March beef and […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

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

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Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle futures closed weak on Thursday after investors sold deferred months and bought April futures based on preliminary cash prices, traders said. April live cattle closed up 0.2 cent/lb. to 126.5 cents. June ended down 0.375 cent/lb. to 116.9 cents, and August ended 0.5 cent lower […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hit four-month low

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts slid for an eighth day in a row on Wednesday as long liquidation continued, said traders. April live cattle closed 1.025 cents/lb. lower at 126.3 cents, and June ended down 1.3 cents/lb. at 117.275 cents (all figures US$). Both contracts earlier sank to four-month lows. […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle close lower, hogs higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground again on Tuesday, pressured by more long liquidation following the morning’s wholesale beef price setback, said traders. April live cattle closed 1.15 cents/lb. lower at 127.325 cents, and June ended down 0.6 cent/lb. at 118.575 cents (all figures US$). On Wednesday, live cattle […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund selling drops CME live cattle limit down

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday, with nearby contracts down by their three-cent-pr-pound daily price limit, shaken by sell stops and fund liquidation, traders said. April and June live cattle ended down by the three-cent limit at 128.475 and 119.175 cents/lb., respectively (all figures US$). Live […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle market garners support

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Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively stable over the past week while prices in the major feeding regions were $2 to $5 higher. Alberta fed cattle prices were $2 higher, trading in the range of $170 to $172, which bolstered buying enthusiasm in the heavier weight categories. Feedlot operators in the Lethbridge area were […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end mostly weak, but off lows

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Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts posted modest losses on Thursday, pressured by continued fund selling, traders said. They said, sporadic bargain hunting and solid wholesale beef demand freed contracts from session lows. Additionally, investors at times sold the April contract and simultaneously bought June in a trading strategy known […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund selloff extends CME live cattle losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled in bearish territory for a third consecutive session, hit by more fund liquidation after contracts drifted below technical support levels, traders said. April live cattle ended 1.35 cents/lb. lower at 132.175 cents, and June closed 1.125 cents lower at 121.725 cents (all […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Technical selling sends CME live cattle lower

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended Monday’s losses into Tuesday on more profit-taking and technical selling, traders said. April live cattle ended 0.55 cent/lb. lower at 133.525 cents, and beneath the 100-day moving average of 133.68 cents (all figures US$). June closed 0.375 cent lower at 122.85 cents. Futures declined […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle markets remain sluggish

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Reading Time: 2 minutes Compared to last week, Canadian feeder cattle prices were steady to $5 lower across the Prairies while lighter-weight categories suffered a week-over-week decline of $4 to $6. Feedlots were a bit more aggressive on yearlings as quality backgrounded cattle are starting to dwindle at this time of year. A larger group of larger-frame lower-flesh Simmental […] Read more

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