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(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle sink to three-year bottom

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slid to their lowest level in three years, pressured by more losses price-wise for unsold cash cattle, traders said. Spot December ended down 2.825 cents/lb. to 117.15 cents, and made a new contract low of 116.975 (all figures US$). February finished 2.45 cents […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

Canada not yet pulling trade trigger on COOL

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Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cash price caution tempers CME live cattle rally

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished moderately higher on Tuesday, after uneasiness about cash prices later this week pulled contracts from initial short-covering highs, traders said. Spot December ended up 0.775 cent/lb. to 120.3 cents, and February 1.125 cents higher at 125.525. Those who had been short futures covered those […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets

Klassen: Feeder cattle market falls sharply

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Western Canadian feeder cattle prices experienced a week-over-week decline of $12-$15 on average, with fleshier unweaned calves trading down $20-$25. Major feedlot operators reined in buying interest across the Prairies as fed cattle and wholesale beef prices remain under pressure. Feeding margins continue to deteriorate beyond pain thresholds and the backlog of market-ready feedlot supplies […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle retreat with beef quotes

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures suffered sizable losses on Monday, with slumping wholesale beef values increasing the possibly of further cash price weakness ahead, traders said. Spot December ended down 1.925 cents/lb., to 119.525 cents, and February 1.85 cents lower at 124.4 (all figures US$). The Monday morning wholesale choice […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bearish fundamental outlook pressures CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted modest losses on Friday in anticipation of soft cash and wholesale beef values in the weeks ahead, traders said. Spot December ended down 0.1 cent/lb. to 121.45 cents, and February 0.275 cent lower at 126.25 (all figures US$). “Until we can get a prolonged […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Short-covering boosts CME live, feeder cattle

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed higher on Thursday, driven by short-covering that gradually gave way to this week’s lower cash prices and lacklustre wholesale beef demand, traders said. Spot December closed 1.7 cents/lb. higher at 121.55 cents, and February up 2.375 cents, to 126.525 (all figures US$). “It’s just […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live, feeder cattle stampede to new lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to the lowest level for the life of the contract, hit by slumping prices for market-ready (cash) cattle, traders said. Spot December closed 2.4 cents/lb. lower at 119.85 cents, after marking a fresh contract low of 119.25 cents (all figures US$). February […] Read more

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