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

U.S. livestock: CME live cattle close mixed

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mixed on Thursday after an up-and-down session, supported by futures’ discounts to preliminary cash prices but pressured by profit-taking, traders said. June closed up 0.175 cent/lb. at 131.375 cents, and August down 0.15 cent at 124.025 cents (all figures US$). On Thursday, a small […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Wednesday in a rebound from losses in the previous session while some lean hog contracts weakened following recent gains in technically driven consolidation trade, traders and analysts said. Rising wholesale beef prices buoyed cattle futures as retailers bought to stock meat coolers ahead of the […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle tumble in technical selloff after contract highs

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.5 cents/lb. while lean hog futures were mostly one per cent higher […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Cattle extend gains as beef prices rise

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures climbed about one per cent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb to one-month top

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated cash prices generated more buying. June closed 3.4 cents/lb. higher at 130.825 cents, and August 1.35 cents higher at 126.05 cents (all figures US$). Live […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle limit up on strong cash prices

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled up their three cent per pound daily price limit on Thursday, fueled by short-covering following stronger-than-expected cash prices, said traders. Fund buying and futures’ discounts to this week’s cash returns enhanced market gains, they said. June and August closed limit up at 127.425 and 124.7 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund buying extends live cattle gains

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Reading Time: 2 minutes Chicago | Reuters — The previous session’s Chicago Mercantile Exchange live cattle advances carried over into Wednesday, with support from fund buying and short-covering on the final trading session of the month, said traders. Futures’ discounts to this week’s initial cash prices provided additional market support, they said. June ended up 1.45 cents/lb. to 124.425 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle recoup some recent losses

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday reversed some of their recent losses, helped by short-covering and futures’ discounts to this week’s expected cash prices, said traders. They said some investors sold June futures and simultaneously bought deferred months ahead of the first notice day for June cattle deliveries on Monday. […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Bearish USDA report rattles CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday finished sharply lower, hit by fund liquidation and the morning’s bearish U.S. Department of Agriculture Cattle on Feed report, said traders. The report showed the number of cattle placed in feedlots in April hit a 14-year high for the month. Traders said fund […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Funds, bargain buying rally live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent losses, stirred by fund buying and bargain hunting as the U.S. Memorial Day holiday approaches, said traders. They said futures’ discounts to this week’s cash prices attracted would-be buyers. June closed 1.8 cents/lb. higher at 123.925 cents, and above […] Read more

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