Daily Network News

More News →

Tag Archives cattle futures

(USDA.gov via Flickr)
Beef Cattle, Livestock, Markets, Reuters

U.S. cattle herd growth to five-year high spells cheaper beef ahead

By
Reading Time: 2 minutes Chicago | Reuters — Beef prices will keep trending lower, analysts said after the government’s semi-annual cattle inventory report on Friday showed the U.S. cattle herd as of Jan. 1 grew three per cent from a year ago, to a five-year high. Healthy pastures, more-affordable grain and record-high cattle prices a year ago encouraged ranchers […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cash price caution weighs on CME live cattle

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Thursday on profit-taking and uncertainty over the price of cash cattle on Friday, traders said. February live cattle closed down 0.3 cent/lb. at 135.425 cents, and April ended 0.725 cent lower at 134.525 (all figures US$). Market-ready, or cash, cattle bids in Texas […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash price optimism lifts CME live cattle

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, driven by short-covering and expectations that some processors by Friday might pay the same or more for cash cattle than last week, traders said. February live cattle closed 2.7 cents/lb. higher at 135.725 cents, and April ended up 1.85 cents to […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Equities upswing pulls CME live cattle higher

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, with strength from the U.S. stock market rally that was partly fueled by the rebound in crude oil prices, traders said. February live cattle closed up 1.6 cents/lb. to 133.025 cents, and April ended 1.175 cents higher at 133.4 (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeders still vulnerable in financial market turbulence

By
Reading Time: 2 minutes Western Canadian feeder cattle prices experienced a defensive tone over the past week. Cattleman had their eyes glued to the equity market meltdown, which enhanced fears the fed cattle market would follow suit. Live cattle futures were on a roller coaster, and a late-week bounce in the Canadian dollar added to market uncertainty. Buyers were […] Read more
(CMEGroup.com)
Livestock, Markets, Reuters

U.S. livestock: Market uncertainty reverses CME live cattle gains

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, erasing Friday’s advances after investors struggled to find clear direction amid a host of market influences, traders said. February live cattle closed down 0.65 cent/lb. to 131.425 cents, and April ended 0.85 cent lower at 132.225 (all figures US$). “Uncertainty is […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally ahead of USDA report

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained for a second day in row on Friday, supported by follow-through buying after contracts settled up by their 3-cent-per-lb daily price limit on Thursday, said traders. Investors also tweaked positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CT. At […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Equities spike drives CME live cattle limit-up

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed to their three cents/lb. daily price limit on Thursday following a turnaround in crude oil prices that helped pare recent deep U.S. stock market losses. February and April live cattle closed at 130.25 and 131.175 cents, respectively. Live cattle’s trading limit will be expanded […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Retreating equities undermine CME live cattle

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday, pressured by falling U.S. stock futures amid the unrelenting slide in crude oil prices, traders said. February live cattle ended 2.05 cents/lb. lower at 127.25 cents, and April closed down 1.975 cents at 128.175 (all figures US$). Bullish CME live cattle […] Read more

Latest Market News

More Market News →