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Tag Archives beef prices

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

U.S. livestock: Higher cash price outlook lifts CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, supported by rising wholesale beef values that could help strengthen cash prices as early as Thursday, traders said. Spot October closed 1.325 cents/lb. higher at 133.75 cents, and December up 0.225 cent to 137.425 (all figures US$). Wednesday afternoon’s wholesale choice beef […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bump in beef price extends CME live cattle gains

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle rose for a third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents/lb. higher at 131.175 cents, and December up 1.525 cents at 137.675 (all figures US$). Thursday morning’s wholesale choice beef price, […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Short-covering drives CME live cattle higher

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle limit up on beef bounce

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Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle prices collapse

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Western Canadian feeder cattle prices were traded $15 to $25 below week-ago levels, suffering one of the largest declines in history. Heavier replacement cattle led the market lower, trading down $20 from week-ago levels, while feeders under 600 pounds dropped $10 to $12 on average. Feedlot operators pulled in the reins, as fed cattle dropped […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close mixed, hogs lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday after investors bought the August contract and sold deferred months prompted by the morning’s wholesale beef price increase, traders said. Spot-August futures closed 0.45 cent/lb. higher at 148.675 cents, and October was down 0.025 cent at 148.175 cents (all figures US$). Wednesday […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Sluggish beef demand takes down CME live cattle

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower for a second day in a row on Thursday, pressured by lacklustre wholesale beef demand that could drag down this week’s cash prices, traders said. August closed 0.525 cent/lb. lower at 146.5 cents, and October down 0.8 cent at 149.425 cents (all figures […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Beef price upswing snaps skid for live cattle

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Chicago | Reuters — For the first time in five sessions Chicago Mercantile Exchange live cattle futures landed in positive territory on Tuesday, helped by the turnaround in wholesale beef values, traders said. August closed 0.55 cent/lb. higher at 147.15 cents, and October up 0.6 cent to 150.325 cents (all figures US$). Tuesday morning’s wholesale […] Read more

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