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Tag Archives cattle futures

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

U.S. livestock: CME live cattle close mixed

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday after the morning’s higher wholesale beef prices prompted traders to buy the June contract and simultaneously sell August, traders said. June live cattle closed up 0.325 cent/lb. to 121.425 cents, and August ended 0.6 cent lower at 117.45 cents (all figures […] Read more
(CMEGroup.com)
Beef Cattle, Livestock, Markets, Reuters

U.S. watchdog to review cattle pricing, high-speed trading

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Reading Time: < 1 minute Chicago | Reuters — A U.S. watchdog agency will launch a review of cattle pricing, including the impact of high-frequency trading on futures, after ranchers complained about a sharp price drop last year. The U.S. Government Accountability Office (GAO) has accepted a request from the Senate judiciary committee to study the reasons for the decline, […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Weak cash outlook limits live cattle advances

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said. But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said. “Futures is an anticipatory market. It is already anticipating cash […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Improving margins support feeder market

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Reading Time: 2 minutes Average western Canadian feeder cattle prices were $3-$5 above week-ago levels, with top-quality larger groups trading as much as $8-$10 higher. While current pen closeouts remain underwater, the deferred positions are somewhat brighter, which has rejuvenated buying enthusiasm. Most risk management strategies rely on cattle feeders staying in the game all year. There appears to […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cash price outlook extends CME live cattle losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped for a second straight session on Tuesday, pressured by follow-through selling and potentially softer cash prices later this week, traders said. June live cattle closed down 0.15 cent/lb. at 118 cents, and August ended 1.275 cents lower at 113.175 cents (all figures US$). Futures […] Read more
(USDA.gov via Flickr)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle limit down after bearish USDA surprise

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures tumbled by their respective daily price limits on Monday, declining two per cent or more in a selloff triggered by bearish U.S. Department of Agriculture data released after Friday’s session. Cattle gapped lower on their price charts at the opening of trading, before locking […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets, Reuters

April U.S. cattle placed in feedlots at three-year high

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Reading Time: 2 minutes Chicago | Reuters –– The number of cattle placed into U.S. feedlots in April jumped seven per cent from a year earlier, according to a government report on Friday, far exceeding most analysts’ forecasts. Feedlots were still operating at a loss, analysts said. But lower prices for young calves allowed feedlots to buy more of […] Read more

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