Beef Cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Tuesday, erasing Monday’s losses aided by short-covering and futures’ discounts to cash prices a week ago, traders said. April ended up 0.525 cent per pound to 161 cents, and June 0.85 cent higher at 151.125 cents (all figures US$). Last week, market-ready (cash) […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Monday, partly in response to Friday’s bearish U.S. Department of Agriculture monthly Cattle on Feed report, traders said. Friday’s report showed a bigger-than-anticipated movement of cattle into feedlots last month compared to a year ago. March’s increased placements of heavier cattle could […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up the three-cent-per-pound price limit Thursday, on higher wholesale beef values and better-than-expected subsequent cash prices, traders said. April and June ended at 159.3 cents and 149.025 cents per pound (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Tuesday, supported by short-covering in the wake of recent market losses, traders said. CME live cattle discounts to last week’s prices for market-ready (cash) cattle provided more support, they said. April closed 0.95 cent per pound higher at 156.3 cents, and June ended […] Read more