(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday gained for the first time in seven sessions, partly buoyed by short-covering and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Analysts on average expect Friday’s report to show 7.2 per cent fewer cattle placed […] Read more




(Canada Beef Inc. photo)

Klassen: Drier conditions soften feeder market

Alberta and Saskatchewan feeder cattle prices were $2 to $5 lower on average last week due to rising barley prices and deteriorating pasture conditions. All weight categories were under pressure, with sharper slippage on shorter-keep replacements. Alberta packers were buying fed cattle in the range of $202 to $204, but rising feed grain prices caused […] Read more


(CMEGroup.com)

U.S. livestock: CME live cattle again close mostly firm

Chicago | Reuters — For a second straight session most Chicago Mercantile Exchange live cattle contracts finished in modest positive territory on Tuesday pegged to bear spreading and speculative buying, traders said. The spreads consisted of traders who sold June futures ahead of its expiration on June 30 and simultaneously bought deferred months. June closed […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end mostly firm

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts gained modestly on Monday, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. Investors bought deferred contracts and simultaneously sold June ahead of its expiration on June 30, they said. June closed down 0.275 cent per pound to 152.175 cents, […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking undercuts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures snapped a three-day win streak on Thursday, pressured by profit-taking and a wholesale beef price downturn, traders said. June closed down 0.575 cent per pound, to 155.225 cents, and August 0.6 cent lower at 152.925 cents (all figures US$). Thursday morning’s wholesale choice beef (cutout) […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle spike to five-month high

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures peaked at five-month highs on Wednesday, sparked by short-covering and Tuesday’s steep climb in the wholesale beef (cutout) price, traders said. Profit-taking and Wednesday morning’s modest cutout gains pulled futures from session highs, they said. June closed up 0.725 cent per pound, to 155.8 cents, […] Read more

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle climb as beef prices jump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, fuelled by short-covering after the sharp rebound in wholesale beef prices, traders said. June closed up 1.6 cents per pound, to 155.075 cents, and August 1.275 cents higher at 152.875 cents (all figures US$). Tuesday morning’s wholesale choice beef price surged […] Read more