Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended moderately lower on Thursday after a choppy session in which anticipation of lower cash prices overtook sporadic short-covering, traders said. December closed 0.4 cent per pound lower at 166.45 cents, and February down 0.15 cents at 166.975 cents. Packers curtailed production to stabilize their […] Read more
U.S. livestock: CME live cattle finish lower after wild ride
U.S. livestock: Soft cash price outlook sinks CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged Wednesday in anticipation of weaker prices for slaughter-ready (cash) cattle, traders said. Futures’ losses, sunken margins and packers struggling to sell significant amounts of beef to retailers are bearish cash price indicators. Additionally, cash prices tend to slump seasonally in late November, but snap […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Tuesday on profit-taking that wiped out Monday’s gains, traders said. Prospective futures buyers clung to the sidelines, given the morning’s wholesale beef values pullback and unprofitable packer margins that could weigh on this week’s cash prices. Last week, market-ready, or cash, cattle in […] Read more
U.S. livestock: CME feeder cattle surge limit-up
Chicago | Reuters — Lightly traded Chicago Mercantile Exchange feeder cattle contracts on Monday closed up the maximum three-cents-per-pound daily price limit fuelled by live cattle futures’ rebound, traders said. Fund buying and buy stops contributed to CME feeder cattle market advances, they said. January ended at 234.075 cents and March at 233.2 cents (all […] Read more
U.S. livestock: CME live cattle end mixed on month-end positioning
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday in thin post-Thanksgiving Day volume on positioning during the last trading day for November, traders said. December closed down 0.375 cent per pound at 168.875 cents, and February was at 169.225 cents, 0.45 cent lower (all figures US$). April and June […] Read more
Record-heavy U.S. cattle won’t ground sky-high beef prices
Chicago | Reuters — U.S. cattle are hitting record weights and the heavier trend should continue next year, but beef production will still fall short of demand and keep prices high, industry experts said. Breeding bigger cattle is the only way to raise domestic beef supplies while ranchers struggle to rebuild the national herd, which is […] Read more
U.S. livestock: CME live cattle fall, hogs mixed before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Wednesday after digesting this week’s prices for market-ready or cash cattle ahead of Thursday’s U.S. Thanksgiving holiday, traders said. December closed 0.9 cent per pound lower at 169.25 cents, and February 1.35 cents lower at 169.675 cents (all figures US$). On Wednesday, […] Read more
U.S. livestock: CME live cattle up with beef prices; hogs sag
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session, lifted by short-covering in response to strong wholesale beef quotes, traders said. December closed 0.65 cent per pound higher at 170.15 cents; February rose one cent, to 171.025 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME live cattle slump on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower Monday, weighed down by profit-taking and fund liquidation, traders said. December closed 1.4 cents per pound lower at 169.5 cents, and February off 2.125 cents at 170.025 cents (all figures US$). Investors initially sold February and simultaneously bought December, which is known as […] Read more
October U.S. cattle placements not as slow as expected
Chicago | Reuters –– The number of cattle placed in U.S. feedlots in October declined versus last year, a government report showed on Friday, but not by as much as expected, said analysts. While pricey calves discouraged feedlots from buying them, high-priced slaughter cattle and deteriorating summer pastures drew more livestock into feeding pens, they […] Read more
Canadian Cattlemen Presents: Depth of Field
