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

U.S. livestock: Cash price caution undercuts CME live cattle

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Thursday after traders took profits while waiting for this week’s cash cattle trade to develop, traders said. Spot October closed 0.8 cent/lb. lower at 132.95 cents, and December down 0.875 cent, to 136.55 (all figures US$). “It was a quiet day with […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Higher cash price outlook lifts CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, supported by rising wholesale beef values that could help strengthen cash prices as early as Thursday, traders said. Spot October closed 1.325 cents/lb. higher at 133.75 cents, and December up 0.225 cent to 137.425 (all figures US$). Wednesday afternoon’s wholesale choice beef […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle finish mostly weak

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Reading Time: 2 minutes Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle contracts ended moderately lower on Tuesday, with October helped by the upturn in wholesale beef prices and anticipation of higher cash prices later in the week, traders said. But, they said, profit-taking and uneasiness about cattle supplies in the coming months pressured remaining CME live […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle prices remain vulnerable

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Reading Time: 2 minutes Feedlot operators continued on a cautious path this week as western Canadian feeder cattle traded $6-$10 lower compared to seven days earlier. Heavier replacements over 800 lbs. once again led the charge lower, dipping as much as $12 below week-ago levels. Manitoba and Saskatchewan markets also came in line at a slight discount to the […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle move up with beef quotes

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Monday, strengthened by short-covering following the morning’s wholesale beef price bounce, traders said. Spot October finished 1.15 cents/lb. higher at 131.925 cents, and December up 0.25 cent to 137.575 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed $1.32/cwt […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle mixed on better-than-expected cash prices

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday after preliminary cash prices beat early-week expectations, lifting contracts from session lows, traders said. Spot October finished down 0.4 cent/lb. at 130.775 cents, and December was 0.35 cent lower at 137.325 (all figures US$). February finished up 0.225 cent at 139.4 […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bump in beef price extends CME live cattle gains

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle rose for a third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents/lb. higher at 131.175 cents, and December up 1.525 cents at 137.675 (all figures US$). Thursday morning’s wholesale choice beef price, […] Read more
(CMEGroup.com)
Beef Cattle, Livestock, Markets, Reuters

Volatility prompts CME to raise live cattle margins

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Reading Time: 2 minutes Chicago | Reuters — CME Group, the world’s largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday. Late on Wednesday the Chicago Mercantile Exchange raised its live cattle initial margins for […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Short-covering drives CME live cattle higher

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle limit up on beef bounce

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more

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