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

U.S. livestock: CME live cattle break four-session losing skid

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent/lb. higher at 106.725 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle at nine-month low for third straight session

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased to their lowest level in nine months on Monday as the seasonal supply build-up pressured wholesale beef prices for a third consecutive session, traders said. They said bullish traders worried that plentiful cattle numbers might again result in lower prices for slaughter-ready, or cash, […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle again sink to nine-month bottom, but off lows

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pared losses on Friday after falling to their lowest level in nine months, led by this week’s steep cash price drop and seasonally downward-trending wholesale beef values, said traders. Bargain buying and traders covering their short positions lifted contracts from session lows, and futures remained […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hit nine-month low

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sank to a nine-month low on Thursday, weighed down by seasonally tepid wholesale beef demand and sharply lower prices for slaughter-ready, or cash, cattle, traders said. Thursday’s market losses triggered pre-established sell orders. And fund liquidation developed after August and October futures fell below their […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle give back Tuesday’s gains

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed some of Tuesday’s advances, led by fund liquidation and expectations for softer prices for slaughter-ready, or cash, cattle this week, traders said. “We obviously still see liquidation by funds that are still long the market,” West Oak Commodities analyst Tom Tippens said. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rebound after bargain hunters step in

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Tuesday, ignited by bargain buying after burdensome supplies recently sank the contract to eight-month lows, said traders. “Everybody was just overly bearish and we had lots of long liquidation by funds pushing the market down. So we’ve got to where there […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

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

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday on expectations for lower prices for slaughter-ready, or cash, cattle this week amid ample supplies, traders said. The decline triggered pre-determined sell orders, and funds sold the October contract after it slipped beneath its 200-day moving average of 107.183 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Bargain buying pares some live cattle losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange contracts on Friday landed in positive territory for the first time in five sessions, helped by short-covering and bargain buying, said traders. “We’ve had a big down week. I think this a kind of dead cat technical bounce (temporary recovery) ahead of the weekend,” Midwest Marketing Solutions analyst […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Improved cash prices lift CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said. Technical buying and futures’ discounts to cash returns provided more market support. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday at 2 p.m. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle slump on profit-taking, cash caution

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more

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