U.S. livestock: CME live cattle futures hit record high; hogs slide

Chicago / Reuters – Chicago Mercantile Exchange live cattle reached a record high on Thursday, helped by futures’ discounts to last week’s cash cattle prices and short-covering after recent market losses, traders said. October, which will expire on Friday, closed up 1.500 cents per lb at 170.500 cents, and December was at 167.325 cents 0.575 cent higher. CME live cattle buying […] Read more

U.S. livestock: CME live cattle finish down, but off session lows

U.S. livestock: CME live cattle finish down, but off session lows

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures sagged Wednesday on profit-taking and fund selling, but strong wholesale beef values helped pull prices off morning lows, traders said. October closed down 0.200 cent per lb at 169.000 cents, and December was 1.025 cents lower at 166.750 cents. The morning’s choice wholesale beef price, or cutout, climbed $2.49 per hundredweight (cwt) from […] Read more


(CMEGroup.com)

U.S. livestock: CME lean hogs turn higher on short-covering

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through […] Read more

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice […] Read more


(CMEGroup.com)

U.S. livestock: CME live cattle pare initial gains before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago. […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price record lifts CME live cattle to new high

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures touched a new high on Thursday in response to record-high prices for market-ready, or cash, cattle, traders said. Cash cattle in Texas and Kansas fetched $170 per hundredweight (cwt), up $6 from last week, and surpassed an all-time high of $166 set in parts of […] Read more


(CMEGroup.com)

U.S. livestock: CME live cattle rebound with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday erased Tuesday’s losses, aided by short-covering and the upswing in wholesale beef prices, traders said. October closed up 1.5 cents, to 168.05 cents per pound, and December was 1.05 cents higher at 168.1 cents/lb. (all figures US$). Wednesday morning’s choice wholesale beef price […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slide from record high on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday on profit-taking after hitting an all-time high earlier in the session, traders said. October closed down 1.35 cents to 166.55 cents per pound, and December was 0.975 cents lower at 167.05 cents/lb. (all figures US$). Upward CME live cattle momentum stalled […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle close weak; hogs higher

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed down slightly on Friday after investors digested this week’s prices for market-ready or cash cattle, traders said. October closed down 0.2 cent per pound to 165.05 cents, and December 0.25 cent lower at 165.05 cents (all figures US$). Cash cattle this week sold steady […] Read more

(CMEGroup.com)

U.S. livestock: CME live cattle rally as stock market improves

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Thursday, partly fueled by Wall Street’s recovery from session lows, traders said. U.S. stocks edged higher in afternoon trading on Thursday, rebounding from earlier declines, as a flurry of positive economic reports eased fears about the potential impact of a weakening […] Read more