Chicago Mercantile Exchange (CME) feeder cattle futures slumped on Friday, capping their biggest weekly percent loss in six months, 1.8 per cent, as corn prices surged after U.S. government grain data. The U.S. Department of Agriculture estimated U.S. corn stocks below trade expectations, sending Chicago Board of Trade (CBOT) corn prices up sharply. The potential […] Read more
U.S. feeders see biggest weekly drop in six months
U.S. live cattle futures steady to weak
Chicago Mercantile Exchange (CME) live cattle finished steady to weak on Thursday, weighed by futures’ premium to cash cattle prices, traders and analysts said. So far, cash cattle in the U.S. Plains traded at $127 to $128 per hundredweight (cwt), steady to down $1 per from last week, said feedlot sources. Packer bids for unsold […] Read more
U.S. hog futures see biggest daily drop in three months
Chicago hog futures dropped more than two per cent on Wednesday for their biggest one-day loss in three months, as negative margins and tepid wholesale pork demand forced packers to cut cash hog bids, traders and analysts said. Chicago Mercantile Exchange (CME) February hogs settled 2.15 cents per pound lower, or down 2.49 per cent, […] Read more
U.S. live cattle futures fade amid cash caution
Chicago live cattle futures closed lower on Tuesday amid concerns this week’s cash cattle prices may be no better than steady at a time when futures hold a sizeable premium to cash, traders and analysts said. Traders are having second thoughts in the wake of disappointing cash cattle prices lately and fluctuating wholesale beef values, […] Read more
Uncertainty breeds mixed U.S. live cattle futures
Chicago live cattle futures settled narrowly mixed on Monday as investors searched for direction, traders and analysts said. Futures were "defensive" and moved in a narrow range amid uncertainty about how cash cattle and beef prices would play out this week, one trader said. Chicago Mercantile Exchange (CME) livestock markets could also come under pressure […] Read more
U.S. live cattle dip but post weekly rise
Chicago live cattle futures slid Friday as investors took profits from a big run-up and potential buyers were cautious as prices notched the biggest weekly percentage rise in four months, analysts and traders said. Chicago Mercantile Exchange live cattle finished the week up three per cent, the highest one-week gain since Sept. 9. Before a […] Read more
U.S. live cattle futures surge to record high
Chicago live cattle rose on Thursday amid expectations of tighter supplies in the months ahead, driving the lead contract to an all-time high for a second day in a row. Chicago Mercantile Exchange (CME) February live cattle hit a record of 134 cents on the continuous chart, surpassing Wednesday’s 133.15-cent mark (all figures US$). The […] Read more
U.S. live cattle futures end mixed after fiscal deal
Chicago live cattle ended narrowly mixed on Wednesday, with uneasiness about futures’ premium to last week’s cash cattle prices eroding morning gains fueled by the U.S. fiscal deal, analysts and traders said. An agreement by the U.S. Congress to avoid automatic year-end spending cuts and tax hikes sent the Dow Jones Industrial Average soaring more […] Read more
U.S. live cattle up nearly six per cent in 2012
Spot live cattle futures closed higher on Monday amid strong cash markets to rise six per cent for the year and chalk up the fourth straight annual gain in prices at a time when the U.S. herd is the smallest in six decades. Chicago Mercantile Exchange spot live cattle futures also posted their biggest percentage […] Read more
U.S. hog futures dip ahead of USDA report
U.S. hog futures fell due to investor caution ahead of Friday afternoon’s quarterly hog report by the the U.S. Agriculture Department, analysts and traders said. Analysts expect the USDA data, due at 2 p.m. CST, to show the U.S. hog herd declined slightly after a summer that saw historic drought push feed costs to record […] Read more
Canadian Cattlemen Presents: Depth of Field
