Daily Network News

More News →

Tag Archives cattle futures

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

U.S. livestock: Bearish fundamental outlook pressures CME live cattle

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted modest losses on Friday in anticipation of soft cash and wholesale beef values in the weeks ahead, traders said. Spot December ended down 0.1 cent/lb. to 121.45 cents, and February 0.275 cent lower at 126.25 (all figures US$). “Until we can get a prolonged […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Short-covering boosts CME live, feeder cattle

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed higher on Thursday, driven by short-covering that gradually gave way to this week’s lower cash prices and lacklustre wholesale beef demand, traders said. Spot December closed 1.7 cents/lb. higher at 121.55 cents, and February up 2.375 cents, to 126.525 (all figures US$). “It’s just […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live, feeder cattle stampede to new lows

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to the lowest level for the life of the contract, hit by slumping prices for market-ready (cash) cattle, traders said. Spot December closed 2.4 cents/lb. lower at 119.85 cents, after marking a fresh contract low of 119.25 cents (all figures US$). February […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

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

By
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in negative territory on Tuesday after an up-and-down day of trading stirred by short-covering and uncertainty about near-term cash prices, traders said. Spot December closed up 0.625 cent, to 122.25 cents/lb., February ended down 0.075 cent, to 127.075, and April 0.4 cent lower, […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle remain vulnerable

By
Reading Time: 2 minutes Western Canadian feeder cattle prices were once again quite volatile this past week as market continues to digest overwhelming fed cattle supplies and lacklustre beef demand. In Alberta, calves under 700 lbs. were steady to $5 lower on average while heavier calves and yearlings were $3 to as much as $10 lower. In the eastern […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: COOL news weighs on CME live cattle, hogs

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the U.S. in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared to retaliate […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Beef price retreat pares CME live cattle gains

By
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Friday finished in negative territory for a third day in a row after weak wholesale beef values erased initial short-covering gains, traders said. Spot December closed 1.425 cents lower at 124.275 cents/lb., and marked a new contract low of 123.875 cents (all figures US$). […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall again with cash prices

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant losses on Thursday for a second straight session, with nearby contracts posting new lows, in response to weaker cash prices, traders said. Spot December closed 3.4 cents lower, at 125.7 cents/lb., and made a new low of 124.6 cents. February closed 2.175 cents […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle stabilize near annual lows

By
Reading Time: 2 minutes Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

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

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished Wednesday’s session down by their three-cents-per-pound daily price limit on profit-taking ahead of potentially lower cash prices later this week, traders said. Spot December and February closed at 129.1 cents and 131.625 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded […] Read more

Latest Market News

More Market News →