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Tag Archives cattle futures

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

U.S. livestock: Burdensome supplies again buckle CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday racked up losses for a 10th session in a row, on plentiful supplies that softened wholesale beef values and this week’s cash prices, traders said. Futures losses accelerated after October and December filled a key technical chart gap between the July 22 high […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle stretch losses to ninth straight day

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday tallied losses for a ninth day in a row, pressured by bearish market fundamentals that offset futures’ discount to cash prices, traders said. August live cattle ended down 0.25 cent/lb., to 112.475 cents (all figures US$). Most actively traded October closed 0.375 cent […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle slump eighth day in a row

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday settled in negative territory for an eighth straight day, and hit a one-month low, following disappointing preliminary cash prices, traders said. August live cattle ended down 0.525 cent/lb. at 112.725 cents (all figures US$). Most actively traded October closed 0.825 cent lower at […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: More CME live cattle selling on weaker cash outlook

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures’ losing streak stretched to a seventh consecutive session on Tuesday in anticipation of softer cash prices by Friday, traders said. August live cattle ended down 0.175 cent/lb. to 113.25 cents (all figures US$). Most actively traded October closed 0.625 cent lower at 109.725 cents. Bids […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle weaken before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday posted losses for a fourth consecutive session, partly on caution before Friday’s U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Analysts polled by Reuters, on average, believe that July 2016 cattle placements increased modestly compared to […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle losses mount in fund selloff

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Thursday, saddled by fund liquidation after slipping below technical support levels, traders said. August live cattle ended 1.175 cents/lb. lower at 113.575 cents (all figures US$). October closed 1.825 cents lower at 110.575 cents and below the […] Read more
(National Pork Board (U.S.) photo via ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Pork price turnaround sends CME lean hogs higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts finished higher on Wednesday, ignited by short-covering after Tuesday’s selloff and the morning’s wholesale pork price rebound, said traders. October ended 1.15 cents/lb. higher at 61 cents, and December finished up 1.3 cents, to 56.75 (all figures US$). After falling almost $3/cwt the day before, […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs slump in reversal on pork price declines

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures declined by as much as 3.8 per cent on Tuesday, reversing from earlier three-week highs on fund selling linked to declines in wholesale pork prices, traders said. Chicago Mercantile Exchange cattle futures also eased but saw smaller declines than hog prices as some investors unwound long hog […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder market brewing but caution prevails

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Reading Time: 2 minutes Western Canadian feeder cattle prices were steady to $4 higher relative to week-ago levels. Yearling volumes are starting to increase in central and northern Alberta while the southern and eastern regions experienced limited activity. Buyers’ opaque attitudes resulted in a firmer tone and no one could feel guilty for a minor intemperance. However, the circumspect […] Read more

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