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

U.S. livestock: CME cattle futures fall third straight session

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.4 cents/lb., down 2.825 cents, and February 2.75 cents lower at 136.9 (all figures US$). On Thursday, packers in […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures slump by 3-cents price limit

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Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures settled down by their 3-cents per lb daily price limit on Wednesday, in anticipation of weaker prices for market-ready, or cash cattle, traders said. Spot December and February finished at 137.225 and 139.650 cents per lb, respectively. Live cattle’s trading limit will be expanded to 4.5 cents on […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Drop in beef prices weighs on CME live cattle futures

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Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday, weakened by lower wholesale beef prices that could pressure cash values later this week, traders said. Spot December closed 1.450 cents per lb lower at 140.225 cents, and February 1.050 cents lower at 142.650 cents. Tuesday morning’s wholesale choice beef price sagged 61 cents […] Read more
Klassen: Feeder market stronger but volatile
Livestock, Markets

Klassen: Feeder market stronger but volatile

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Reading Time: 2 minutes The Western Canadian feeder cattle market appeared to gain momentum this week.  Feeder cattle prices were extremely volatile compared to last week trading $5 lower to as much as $10 higher in the Eastern Regions.  When April live cattle futures were higher, the bids flowed more aggressively but on days when the futures struggled, buyers […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures end mostly firm; hogs weaker

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Reading Time: 2 minutes Chicago/Reuters – Most live cattle futures on the Chicago Mercantile Exchange gained modestly on Monday, with December pulled down by its premium to last week’s prices for market-ready, or cash, cattle, traders said. They added that funds sold the CME live cattle and lean hog December contracts, and simultaneously bought deferred trading months, in advance of […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures slide on final trading session

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Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle ended lower on Friday, the last trading session of the month, with pressure from uneasiness about remaining prices for remaining market-ready, or cash, cattle by late Friday evening, traders said. Spot October, which expired at noon CDT (1700 GMT), settled 0.875 cents per cwt lower at 139.250 […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Steep drop in pork belly prices sink CME lean hog futures

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Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange lean hog futures ended lower on Thursday, pressured by downward-trending cash and wholesale pork prices, traders said. December closed down 1.525 cents per lb to 59.875 cents, and February was 1.500 cents lower at 63.000. Cash hog prices in the Iowa/Minnesota hog market on Thursday afternoon sagged $1.25 […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures rally by 3-cents/lb price limit

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb daily price limit on Wednesday, boosted by short-covering in response to improved wholesale beef demand and Tuesday’s better-than-expected preliminary cash prices, traders said. Spot October and December ended at 139.675 and 143.600 cents per lb. Live cattle’s trading limit […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Live cattle futures lead feeder market higher

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Reading Time: 2 minutes Western Canadian feeder cattle prices continued to climb last week for the second week in a row, as feedlot buying interest absorbed larger available supplies. Calves over 600 lbs. and yearlings were $3-$6 above week-ago levels on average while calves under 600 lbs. traded $5-$10 higher. Weakness in the Canadian dollar enhanced demand from south […] Read more

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