Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished in bullish territory for a third straight session on Thursday, helped by firmer wholesale beef values, said traders. Technical buying and futures’ discounts to cash prices so far this week provided additional market support, they said. August ended 0.700 cent per pound higher at 115.225 cents […] Read more
U.S. livestock: Beef price bounce extends live cattle gains
U.S. livestock: Live cattle futures climb on cash price discount
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures climbed higher on Wednesday, driven by short-covering and futures’ discounts to early-week cash prices, traders said. Buy stops and fund buying enhanced market advances, they said. August ended 1.725 cent per pound higher at 114.525 cents per pound, and October 1.800 cents higher at 114.675 cents. Both […] Read more
U.S. livestock: Higher beef price boosts CME live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Tuesday recovered some of their recent losses, helped by the morning’s wholesale beef price turnaround, traders said. Buy stops and futures’ discounts to this week’s expected cash prices provided additional market support, they said. August ended 0.800 cent per pound higher at 112.800 cents […] Read more
U.S. livestock: End-of-month positioning pressures CME live cattle
Chicago / Reuters – Last Friday’s selling of Chicago Mercantile Exchange live cattle contracts carried over into Monday, led by sell-stops and position squaring on the last trading session of the month, traders and analysts said. Some investors sold August futures and simultaneously bought deferred contracts while cautiously awaiting this week’s cash prices. August ended […] Read more
U.S. livestock: Live cattle futures sag on cash prices, Japan news
Chicago / Reuters – Chicago Mercantile Exchange live cattle settled lower on Friday, weighed by weaker cash prices and word that Japan plans to hike tariffs on U.S. frozen beef, said traders. Japan will raise tariffs from August on imports of frozen beef from the United States to protect domestic producers, Japan’s Ministry of Finance […] Read more
Japan beef tariff hike threatens trade relations: Perdue
Chicago / Reuters – Japan’s decision to hike tariffs on frozen beef imports from the United States could disrupt sales and harm trade relations between the two countries, U.S. Agriculture Secretary Sonny Perdue said on Friday. Japan will raise tariffs from August on imports of frozen beef, popular in beef bowl dishes, from the United […] Read more
U.S. livestock: Bargain buying strengthens live cattle futures
Chicago / Reuters – Chicago Mercantile Exchange live cattle closed steady to higher on Thursday, with support from bargain buying and futures’ discounts to initial cash prices, said traders. Investors bought deferred months and simultaneously sold August futures after digesting last Friday’s bearish U.S. Department of Agriculture cattle reports. August ended unchanged at 114.300 cents per […] Read more
U.S. livestock: Live cattle turn higher on futures’ cash discount
Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts on Wednesday pared some recent losses, helped by bargain buying and futures’ discounts to early-week cash prices, said traders. Investors bought August futures and sold deferred months in a trading strategy known as bull spreads. August ended 1.125 cents per pound higher at 114.300 cents, […] Read more
U.S. livestock: Fund-selling extends CME live cattle futures losses
Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, led by lingering bearishness from last Friday’s U.S. Department of Agriculture cattle reports, traders said. USDA’s reports suggested a supply buildup in the coming months, which dropped futures by their 3-cent per pound daily price limit on Monday. August ended 0.700 […] Read more
U.S. livestock: Live cattle plunge after USDA reports
Chicago / Reuters – Some Chicago Mercantile Exchange live cattle contracts settled down the 3.000-cent per pound daily price limit on Monday following Friday’s bearish U.S. Department of Agriculture cattle reports, said traders. Friday’s USDA monthly Cattle-On-Feed report showed the largest June cattle placements for the month in 11 years. The twice-yearly U.S. cattle inventory […] Read more
Canadian Cattlemen Presents: Depth of Field
