Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with nearby contracts supported by firm cash markets and strong wholesale beef values, traders said. Deferred offerings rose as traders covered short positions ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. The report, released after the close of the […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Thursday on profit-taking and fund liquidation ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. Feeder cattle followed live cattle futures lower. Hog futures were mixed on bull spreading, with the front month contract rising in thin trading while deferreds weakened. […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rose on Wednesday, supported by steady-to-higher early-week cash prices, traders said. Hogs drew support from higher cash and wholesale pork prices. Futures were further supported by lower week-over-week hog weights. It’s a “good sign that these weights are coming down,” said Dan Norcini, an independent […] Read more

Canada’s TMX Group has pulled the plug on its AgriClear online cattle exchange after almost three years of operation. TMX, which operates the Toronto-based TSX stock exchange among other services, announced on AgriClear’s lone remaining web page that the AgriClear platform and website have been decommissioned, effective Monday (April 16). “As part of the active […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday, bouncing back from Monday’s declines. Traders said good profit margins at packers supported the gains. April live cattle closed 0.9 cent/lb. higher at 118.05 cents (all figures US$). The contract hit its highest since March 21. June ended up 0.725 cent, to […] Read more

Ottawa | Reuters — The top U.S., Canadian and Mexican officials driving NAFTA renegotiations will meet in Washington on Thursday, a Canadian government source said on Tuesday, as pressure for a quick deal mounted. Although the United States is eager to quickly wrap up negotiations to update the US$1.2 trillion North American Free Trade Agreement, […] Read more

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Stronger export demand appears to be supporting the market in Manitoba and certain pockets in Saskatchewan; however, Alberta feedlot interest remains subdued. Adverse weather continues to plague southern Alberta. Snow and freezing temperatures followed by brief melting periods have resulted in very poor […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly weaker on Monday, with traders locking in profits after prices rose on Friday. Lingering concerns over a snowstorm that covered northern areas of the Midwest and Plains provided support to some nearby contracts, a trader said. But overall, supplies were expected to remain […] Read more