Beef Cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply lower on Tuesday on profit-taking following Friday’s rally, traders said. February closed 1.4 cents per pound lower at 158.6 cents, and April down 2.5 cents at 150.725 cents (all figures US$). West Coast port slowdowns and disappointing volumes of cattle sold last week, […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant gains on Friday, in anticipation of higher cash prices and short-covering before Monday’s Presidents Day holiday in the U.S., traders said. News of Canada’s first case of bovine spongiform encephalopathy (BSE) since 2011 provided further support to CME live cattle contracts, they said. […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday, fueled by bargain hunting in the technically oversold market, traders said. February, which will expire on Friday, closed 0.725 cent per pound higher at 61.95 cents, and April up 0.675 cent, to 64.5 cents (all figures US$). Before Thursday’s session, hog futures […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard Wednesday on profit-taking led by slack meat sales ahead of increased supplies later, traders said. February closed 0.5 cent per pound lower at 158.6 cents, and April down 2.675 cents, to 151.1 cents (all figures US$). Tuesday’s U.S. Department of Agriculture supply/demand report […] Read more