(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle rebound on technical buying, short-covering

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures bounced on Thursday on technical buying and short-covering following three days of steep declines that had sliced prices by more than five per cent, traders said. Optimism that a deal on a revamped North American Free Trade Agreement (NAFTA) could be reached by the end […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle drop on weak cash prices, big supply

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a third straight session on Wednesday on weakening cash cattle prices and plentiful supplies of market-ready animals, traders said. Actively traded CME August live cattle futures settled 1.35 cents lower at 99.05 cents/lb., its lowest since April 4 (all figures US$). June cattle […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle slump again on falling cash prices

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply for a second straight session on Tuesday, pressured by technical selling and weakening cash cattle prices, traders said. Large numbers of slaughter-ready cattle are expected to continue flooding the market over near term and futures prices have slumped in anticipation of a cash […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: June live cattle limit down in technical selloff

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled two per cent or more on Monday, with the front-month June contract falling by its three-cents per pound daily limit in a technical selloff, traders said. Sufficient cattle supplies and weaker trades last week in U.S. Plains cash steer markets also weighed on futures. […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME hogs slump amid fund roll, NAFTA worries

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished lower on Friday, hit by the “roll” by funds into deferred months and uneasiness over North American Free Trade Agreement (NAFTA) talks, said traders. “NAFTA fears, Goldman roll and premiums to the cash prices. Everyone who bought futures this week decided to dump them […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Short-covering boosts CME live cattle

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday after short-covering and fund buying reversed the previous session’s losses, said traders. In a trading strategy known as bull spreads, traders bought June and simultaneously sold deferred months, stirred by firmer wholesale beef values and future’s discount to expected cash prices […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle buckle under big supply worries

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle prices on Wednesday felt pressure from softer wholesale beef prices and concerns about a looming supply buildup, traders said. Future’s steep discount to this week’s expected prices for slaughter-ready, or cash, cattle limited June market losses, they said. June live cattle closed down 0.625 cent/lb. at […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle up on short-covering, fund buying

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Tuesday, helped by short-covering and fund buying that halted the market’s two-session slide, traders said. In a trading strategy known as bull spreads, some investors bought June futures and simultaneously sold deferred months in anticipation of this week’s cash prices. Bull spreads offset […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slide

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Monday lost ground for a second straight session, hit by technical selling and the “roll” by funds out of June into deferred contracts, traders said. Funds in CME’s livestock markets that track the Standard + Poor’s Goldman Sachs Commodity Index sold, or rolled, June futures […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag as funds roll positions

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday drew pressure from funds that sold, or “rolled,” June positions into back months before similar moves lasting five days beginning on Monday, said traders. Continued uneasiness about burdensome supplies ahead further deterred futures buyers, they said. There may be some concern about a […] Read more