Chicago | Reuters — Chicago Mercantile Exchange live cattle gained for a third day in a row on Thursday, lifted by record-high prices for choice beef, stoked by grilling demand, traders and analysts said. June closed up 1.825 cents per pound at 153.8 cents, and August 1.425 cent higher at 152.075 cents (all figures US$). […] Read more
U.S. livestock: Record beef prices extend CME live cattle gains
U.S. livestock: CME live cattle jump on beef price bounce
Chicago | Reuters –– Chicago Mercantile Exchange live cattle gained Wednesday on short-covering following a snapback in wholesale beef values, traders said. June closed up 0.5 cent per pound to 151.975 cents, and August one cent higher at 150.65 cents (all figures US$). Wednesday morning’s choice wholesale beef price climbed $1.73 per hundredweight (cwt) from […] Read more
U.S. livestock: CME live cattle, hogs end higher after volatile session
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy day, partly supported by rising wholesale beef values, traders said. Tuesday morning’s choice wholesale beef price climbed $1.28 per hundredweight (cwt) from Monday to $260.85/cwt (all figures US$). Select cuts gained 20 cents to $248.30, the U.S. Department […] Read more
U.S. livestock: CME live cattle gain fades as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, paring early advances, after funds sold or rolled their June positions and bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers […] Read more
Higher U.S. beef prices ahead as grills fire up, imports cool down
Chicago/Wellington | Reuters –– Record-high U.S. beef prices will likely climb even higher this summer just as Australia and New Zealand imports dwindle under an extended drought in those countries and demand for steaks in the U.S. rises. Both countries were among the top three exporters of beef to the U.S. last year as New […] Read more
U.S. livestock: CME live cattle jump on cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up sharply on Friday, fuelled by better-than-expected prices for market-ready cattle, traders said. June ended 2.125 cents higher at 151.5 cents per pound, and August 1.55 cents, to 149.825 cents (all figures US$). On Friday, cash cattle in Kansas and Nebraska traded at $161 […] Read more
U.S. livestock: Profit-taking ends CME hogs’ three-day uptrend
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures finished lower Thursday on profit-taking after three consecutive days of gains, traders said. May hogs closed 0.5 cent per pound lower at 79.85 cents, and June down 0.55 cent to 83.5 cents/lb. (all figures US$). Despite strong pork cutout values, investors were nervous about further […] Read more
U.S. livestock: Bullish fundamentals extend CME hog gains
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures gained for a third straight session on Wednesday, backed by rising cash and wholesale pork prices, traders said. May hogs closed 1.35 cents higher at 80.35 cents per pound, and June was up 1.3 cents to 84.05 cents/lb. (all figures US$). Wednesday morning’s average market-ready […] Read more
U.S. livestock: Improved beef prices take CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, helped by rising wholesale beef values, traders said. June ended 0.725 cent per pound higher at 151.45 cents, and August was up 0.775 cent at 149.9 cents (all figures US$). Tuesday morning’s wholesale choice beef price climbed $1.33 per hundredweight (cwt) […] Read more
U.S. livestock: CME live cattle rebound with beef prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Monday, shrugging off Friday’s weakness, helped by short-covering following the turnaround in wholesale beef prices, traders said. Monday morning’s choice wholesale beef price rose $1.70 per hundredweight (cwt) from Friday to $256.34/cwt (all figures US$). Select cuts climbed $1.94, to $245.16, the U.S. […] Read more
Canadian Cattlemen Presents: Depth of Field
