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

U.S. livestock: Profit-taking halts CME live cattle rally

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower on Monday after profit-taking ended futures’ three-day win streak, traders said. Fund selling surfaced after June and August slipped beneath their respective 10-day moving averages of 123.15 and 119.06 cents, which also tripped sell stops (all figures US$). April live cattle ended down […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Technical buying drives CME live cattle higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose for a third day in a row on Friday, fuelled by short-covering and fund buying after contracts broke through technical resistance, traders said. April live cattle ended up 1.95 cent/lb. at 134.375 cents, and June closed 1.8 cent higher at 124.025 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rise on discounts to cash prices

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts gained modestly on Thursday, with help from short-covering stirred by future’s discounts to cash prices, traders said. April live cattle ended up 0.35 cent/lb. at 132.425 cents, and June closed 0.375 cent higher at 122.225 cents (all figures US$). So far this week, packers in […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end higher, but off session tops

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday reversed some of Tuesday’s heavy losses, helped by short-covering and bargain hunting, traders said. April live cattle ended 1.4 cents/lb. higher at 132.075 cents, and June closed 1.1 cents higher at 121.85 (all figures US$). Futures’ price discount to early-week prices for market-ready, […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feedlot operators throw in towel on feeder market

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Reading Time: 2 minutes Weaker wholesale beef values, along with softer fed cattle prices, set a negative tone for the feeder cattle market this past week. Western Canadian feeder markets were trading $4-$8 below week-ago levels, with calves trading as much as $10 lower in some cases. Producers can become nauseous watching these live cattle futures, but this is […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle limit up on bearish corn data

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of Agriculture said on […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund liquidation takes down CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Wednesday, rattled by technical selling on the eve of the last trading day for the quarter, traders said. April live cattle ended 2.5 cents/lb. lower at 132.35 cents, and June closed 2.45 cents lower at 123.075 (all figures US$). Both contracts settled […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: CME hogs finish higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second straight day on Tuesday in a quiet session, with help from short-covering and technical buying, traders said. April closed up 0.325 cent/lb., to 70.25 cents (all figures US$). May ended 0.575 cent higher at 78.85 cents and June finished up 0.475 […] Read more

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