Hog futures mostly up on speculative buying Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted modest losses on Friday, but were up from session lows, dragged by retreating wholesale beef prices, traders and analysts said. The afternoon’s wholesale choice beef price, or cutout, was $223.49 per hundredweight (cwt), $7.26 lower than on Thursday, […] Read more
U.S. livestock: CME live cattle futures drop as beef prices plunge
U.S. cattle supply sinks to 63-year low
Chicago | Reuters –– The U.S. cattle population dropped to its lowest level in 63 years as the lingering impact of years of drought took its toll on feed costs in the first half of 2013, analysts said in response to a government yearly cattle report on Friday. However, corn and hay prices receded as […] Read more
U.S. livestock: CME live cattle futures end mostly firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly firm on Wednesday after investors sold the February contract and bought back months as wholesale beef prices declined, traders said. The afternoon’s wholesale choice beef price, or cutout, was $232.49 per hundredweight (cwt), $3.99 lower than on Tuesday, and select cuts fell $3.24 […] Read more
U.S. livestock: CME live cattle sag on cash price expectations
Chicago Mercantile Exchange live cattle futures on Tuesday moved downward in anticipation of possibly steady-to-lower cash prices this week, traders said. More cattle are available for sale than a week ago. Packers are reluctant to spend more for supplies to the detriment of their profitable margins. And indications are that the wholesale beef cutout is […] Read more
U.S. livestock: CME live cattle, hog futures finish mixed
Chicago Mercantile Exchange live cattle futures settled mixed on Monday after a choppy session. February live cattle closed 0.25 cent per pound lower at 143.15 cents, and April ended 0.45 cent higher at 140.55 cents (all figures US$). Investors sold February live cattle futures and bought deferred contracts in anticipation of tighter supplies in the […] Read more
Cheaper feed unexpectedly draws cattle into U.S. feedlots
Chicago | Reuters — More young cattle than expected entered U.S. feedlots in December as cheaper feed gave feedyard operators a chance to break even or turn a slight profit, analysts and economists said following Friday’s U.S. government cattle report. The U.S. Department of Agriculture showed December placements at 1.681 million head, up one per […] Read more
U.S. livestock: CME live cattle futures sag before USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures moved lower on Friday on investor caution before the U.S. Department of Agriculture’s monthly cattle-on-feed report at 2 p.m. CT, traders said. Most analysts polled by Reuters believe placements of cattle in U.S. feedlots in December likely dropped 2.3 per cent from a year ago […] Read more
U.S. livestock: CME live cattle futures slump with beef prices
Chicago | Reuters — Aside from February, Chicago Mercantile Exchange live cattle futures turned lower on Thursday, pressured by profit taking and the pullback in wholesale beef prices, traders and analyst said. Thursday morning’s wholesale choice beef price was $238.70 per hundredweight (cwt), down $1.35 from Wednesday, snapping a 10-day run of record highs, according […] Read more
U.S. livestock: CME live cattle score new high with cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a new high on Wednesday, fuelled by similar moves in cash and wholesale beef prices, traders and analysts said. Cash, or slaughter-ready, cattle in Texas and Kansas traded at $147 per hundredweight (cwt) on Wednesday, surpassing last week’s $142 record in both states (all […] Read more
U.S. livestock: CME live cattle set record high with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a new high on Tuesday, fueled by short-covering as beef prices sustained their record pace, traders and analysts said. Tuesday morning’s wholesale choice beef price was $239.57 per hundredweight (cwt) in light sales volume, leaping $3.01 from Monday to its ninth consecutive record, according […] Read more
Canadian Cattlemen Presents: Depth of Field
