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

U.S. livestock: Bargain hunting pares CME live cattle losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Tuesday, driven by short-covering and bargain-hunting that helped contracts recover some of their lost ground over the past two sessions, traders said. February live cattle ended 1.75 cents/lb. higher at 129.3 cents, and April closed up 1.65 cents, to 130.15 (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Uncertainty causes feeder market volatility

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Reading Time: 2 minutes Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances were down $6 to $12 in non-major feeding regions. Feeder markets were slightly softer Monday through Wednesday; however, feedlot operators were quick to back away […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Equities rout plunges CME live cattle limit down

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled down by their three-cent/lb. daily price limit on Friday after U.S. stock futures plummeted amid global economic jitters, traders said. February live cattle and April closed at 127.55 cents and 128.5 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle sag despite supportive fundamentals

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, dragged down by technical selling that offset higher cash and wholesale beef prices, traders said. February live cattle closed 1.55 cents/lb. lower at 130.55 cents, and April had fallen 1.525 cents, to 131.5 cents (all figures US$). “People were disappointed that […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Beef price rebound pulls CME live cattle higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price, […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Speculative buying rallies CME lean hogs

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts closed higher on Tuesday, strengthened by short-covering and speculative buying in anticipation of tighter seasonal supplies, traders said. Spot February finished 2.2 cents/lb. higher at 61.9 cents, and April ended 1.825 cents higher at 67.3 cents (all figures US$). “Packer margins are strong and I […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash price unease drags on CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Monday, pressured by uncertainty over cash prices later this week, traders said. February live cattle closed 0.65 cent/lb. lower at 132.225 cents, and April ended down 0.775 cent, to 133.05 cents (all figures US$). Typically, cash bids surface around midweek. But a […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end lower after choppy session

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower following Friday’s volatile session, stirred by funds that sold February and bought deferred contracts in accordance with the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), said traders. Friday was the first of five days of the S+PGSCI “roll” process. Simultaneously, some index […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle tumble limit down

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts ended Thursday’s session down by their three cents/lb. daily price limit, rattled by lower preliminary cash prices and deteriorating U.S. stock futures amid China’s economic woes, traders said. February live cattle and April ended at 133.525 cents and 134.3 cents, respectively (all figures US$). Live […] Read more

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