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

U.S. livestock: Feeder cattle hit three-year low on corn prices

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Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures tumbled to the lowest levels in more than three years on Friday as rising corn prices made fattening cattle for slaughter unprofitable, reducing demand, traders and analysts said. Chicago Mercantile live cattle and lean hog futures also fell, weighed by technical selling and as retailers had largely […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle ease on cash weakness, lean hogs gain

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts fell to lifetime lows, knocking out what had been their previous life-of-contract lows […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Most CME live cattle futures rise on short-covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly higher on Tuesday, driven by short-covering after contracts settled down their three cents/lb. daily price limit on Monday, traders said. CME’s live cattle futures will return to the normal three-cent limit on Wednesday after failing to settle at the expanded limit of 4.5 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund liquidation sinks CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, hit by fund selling and caution while awaiting market-ready, or cash, cattle prices by day’s end, said traders. June live cattle closed down 0.75 cent/lb. to 122.45 cents, after drifting below the 100-day moving average of 122.71 cents (all figures US$). […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally on fund buying, beef demand

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures posted sharp gains on Wednesday, bolstered by technical buying and much-improved wholesale beef demand, traders said. June live cattle closed up 1.8 cents/lb. to 123.025 cents, after topping the 100-day moving average of 122.67 cents (all figures US$). August ended 2.725 cents/lb. higher at 118.725 […] Read more
(Photo courtesy Canada Beef Inc.)
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 closed moderately lower on Tuesday after traders sold deferred months and bought June as wholesale beef values improved, traders said. June live cattle closed up 0.45 cent/lb., at 121.225 cents (all figures US$). August ended 0.55 cent/lb. lower at 116 cents, and October finished […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund sales reverse initial live cattle gains

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled lower after profit-taking and fund liquidation beat back early-session advances following Friday’s higher cash prices, traders said. June live cattle closed 1.225 cents/lb. lower at 120.775 cents, and August ended down 1.25 cents to 116.55 cents (all figures US$). Last week packers […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rise on cash price outlook

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished firm on Friday in anticipation of better cash prices than last week, traders said. June live cattle closed 0.275 cent/lb. higher at 122 cents, and August ended up 0.15 cent to 117.8 cents (all figures US$). After futures closed, a small volume of market-ready, […] Read more

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