Daily Network News

More News →

Tag Archives cattle futures

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

U.S. livestock: Slumping stock market pressures CME live cattle

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts posted modest losses on Wednesday amid investor jitters over fallen U.S. stock futures and uncertainty about cash price direction, traders said. Funds heavily invested in equities typically have a wide range of commodities in their portfolios, including CME livestock. February live cattle closed 0.25 cent/lb. […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs jump on expectations of tighter supplies

By
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures surged as much as 2.8 percent on Tuesday, in a bull-spreading rally on expectations of seasonally tighter supplies and ideas of stronger retail demand for pork, traders and analysts said. Investors were buying the Chicago Mercantile Exchange February lean hogs contract and selling deferred contracts such as […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Feeder cattle rise on cash gains, wintry weather

By
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures rose on Monday, reversing earlier declines and extending steep gains of recent days as wintry weather hampered animal weight gains and feed prices tumbled, traders and analysts said. Live cattle futures steadied after falling sharply early in the session at the Chicago Mercantile Exchange, as big declines […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Fed cattle bounce stabilizes feeders

By
Reading Time: 2 minutes Alberta fed cattle prices jumped to three-month highs, reaching $174 over the past week, setting a positive tone for feeders to start off the New Year. Retailers appear to be featuring beef at discounted prices, alleviating the bloated beef pipeline. Wholesale prices also ratcheted higher, reflecting the improving demand. While pen closeouts remain in negative […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle close mixed ahead of holiday

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended mixed on Thursday after investors settled their accounts during the last trading session of the year. The thinly-traded spot December, which expired at noon CT, settled 2.8 cents/lb. higher at 135.8 (all figures US$). February, the new lead month, closed up 0.1 cent/lb. at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cash price spike drives CME live cattle higher

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished well into positive territory on Wednesday, led by the steep climb in prices for cash cattle, traders said. Spot December, which will expire on Thursday, closed 2.8 cents/lb. higher at 133 cents, and February ended 1.2 cents higher at 136.7 (all figures US$). “Today […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Profit-taking undercuts CME live cattle futures

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged for a second straight session on Tuesday, after participants took profits in the year’s final week of trading, traders said. Spot December and February each closed 0.65 cent/lb. lower, at 130.2 and 135.5 cents respectively (all figures US$). Traders adjusted positions while awaiting the […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Profit-taking ends CME live cattle’s win streak

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Monday, hit by profit-taking after gaining five days in a row driven by potential supply shortages as inclement weather moves across the U.S. Plains, traders said. Wintry weather typically slows down cattle weight gains while creating problems for employees and livestock to […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Bounce in fed cattle supports feeders

By
Reading Time: 2 minutes Feeder cattle prices ended the year on a soft tone, trading steady with week-ago levels. Most auction barns were in holiday mode, resulting in minimal sales across the Prairies. Christmas couldn’t come soon enough for feedlot operators and the bounce in the live cattle futures early in the week was a refreshing gift. This past […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Strong beef prices lift CME live cattle again

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched gains for a fifth consecutive session on Thursday, fuelled by the recent rise in wholesale beef prices in anticipation of tight near-term supplies, traders said. CME livestock futures closed at noon CT in observance of the Christmas holiday. Spot December settled 2.5 cents/lb. higher […] Read more

Latest Market News

More Market News →