Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday on profit-taking after hitting an all-time high earlier in the session, traders said. October closed down 1.35 cents to 166.55 cents per pound, and December was 0.975 cents lower at 167.05 cents/lb. (all figures US$). Upward CME live cattle momentum stalled […] Read more
U.S. livestock: CME live cattle slide from record high on profit-taking
U.S. livestock: Fund buying lifts CME live cattle to new high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a new high on Monday, sparked by active fund buying that triggered buy stops and short-covering, traders said. October closed up 2.85 cents per pound at 167.9 cents after earlier posting a new contract high of 167.925 cents in electronic trading (all figures US$). […] Read more
U.S. livestock: CME live cattle close weak; hogs higher
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed down slightly on Friday after investors digested this week’s prices for market-ready or cash cattle, traders said. October closed down 0.2 cent per pound to 165.05 cents, and December 0.25 cent lower at 165.05 cents (all figures US$). Cash cattle this week sold steady […] Read more
U.S. livestock: CME live cattle rally as stock market improves
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Thursday, partly fueled by Wall Street’s recovery from session lows, traders said. U.S. stocks edged higher in afternoon trading on Thursday, rebounding from earlier declines, as a flurry of positive economic reports eased fears about the potential impact of a weakening […] Read more
U.S. livestock: CME hogs limit-down as stock market slides
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed down their three-cent-per-pound maximum daily price limit led by Wall Street’s more than two per cent fall, traders and analysts said. U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing […] Read more
Staff, hog shortages leave Canada’s pork industry squealing
Winnipeg/Chicago | Reuters — Shortages of hogs and packing plant workers in Canada, exacerbated by recent government restrictions, may severely cut hog processing and pork exports, helping to keep North American retail pork prices near record highs. Farmers in Canada, the world’s third-biggest pork shipper, are also bracing for the spread of a deadly virus […] Read more
U.S. livestock: CME feeder cattle plunge limit-down
Chicago | Reuters — Most Chicago Mercantile Exchange feeder cattle contracts closed down the maximum three-cents-per-pound daily price limit as live cattle contracts slid and corn prices climbed, traders said. Expensive feed could increase input costs for feedlot operators. “Today you’ve got the combination of lower cattle and higher corn in a thinly traded feeder […] Read more
U.S. livestock: CME live cattle end mostly lower as stocks slide
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts slumped on Friday, pressured by triple-digit Wall Street losses and a firmer U.S. dollar, traders said. U.S. stocks fell on Friday, with the tech sector weighing the most after a chip maker warned of a major pullback in the industry. Continued broader market liquidation […] Read more
U.S. livestock: CME live cattle fall from record high as stocks plunge
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, off an earlier record high, pressured by profit-taking following Wall Street’s tumble, traders said. U.S. stocks fell nearly two per cent on concerns over the pace of economic growth. Consumer caution about the economy could hurt demand for U.S. goods, including […] Read more
U.S. livestock: Chicago live cattle again post record high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures marked a record high for a second straight day on Wednesday in anticipation of firmer prices for slaughter cattle this week, traders said. October closed up 0.325 cent per pound at 166.1 cents, and December at 168.05 cents, up 0.2 cent (all figures US$). Investors […] Read more
Canadian Cattlemen Presents: Depth of Field
