(Canada Beef Inc. photo)

U.S. livestock: Strong beef prices lift CME live cattle again

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures notched gains for a fifth consecutive session on Thursday, fuelled by the recent rise in wholesale beef prices in anticipation of tight near-term supplies, traders said. CME livestock futures closed at noon CT in observance of the Christmas holiday. Spot December settled 2.5 cents/lb. higher […] Read more


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U.S. livestock: CME live cattle rally for fourth straight session

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed for a fourth consecutive session on Wednesday, with December up the three-cent/lb. price limit, as the southern Plains braces for a weekend winter storm that drove cash and wholesale beef prices higher, traders said. Spot December settled limit up at 128.6 cents/lb. (all figures […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle surge with cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, following stronger-than-expected cash prices as wintry weather takes aim at the southern U.S. Plains, traders said. Spot December ended 2.2 cents/lb. higher at 125.6 cents, and February was 1.775 cents higher at 131.8 cents (all figures US$). On Tuesday, a small […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market grinds lower

Western Canadian feeder cattle prices ended the year on a soft tone, trading $5-$10 below week-ago levels; fleshier unweaned calves were down $10 to $15 because adverse weather plagued much of the Prairie region. Cattle buyers were busy on the phone, but receiving no orders. Feedlots appear to be content with their current inventory levels […] Read more

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U.S. livestock: CME live, feeder cattle extend rally

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Monday ended sharply higher, with the February contract up the expanded 4.5-cent/lb. price limit, on more short-covering following Friday’s bullish government cattle report, traders said. The U.S. Department of Agriculture’s Cattle on Feed report on Friday showed the number of cattle placed into U.S. […] Read more


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U.S. livestock: CME live cattle rally limit-up before report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled up by their three-cent/lb. price limit Friday, driven by short-covering and technical buying, traders said. Investors tweaked positions ahead of Friday’s U.S. Department of Agriculture monthly Cattle on Feed report at 2 p.m. CT. Spot December ended at 120.15 cents, and February 125.525 cents, […] Read more

(Photo courtesy Canada Beef Inc.)

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

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


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price caution drags CME live cattle lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped on Wednesday, weighed down by investor caution while waiting for the remainder of cash cattle to change hands, traders said. Spot December ended down 0.325 cent/lb., to 119.975 cents, and February 0.55 cent lower at 124.925 (all figures US$). So far, a few market-ready […] Read more

(Photo courtesy Canada Beef Inc.)

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

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