(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures limit up on short-covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped their three cents daily price limit while feeder cattle also rose sharply as traders exited short positions on expectations for higher prices in cash cattle markets, traders said. Lean hog futures were mostly higher, with all three livestock contracts rebounding from recent multiyear lows […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hog futures stumble as supplies grow

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday slumped for a third consecutive session, weakened by already ample supplies as Smithfield Foods’ East Coast plants return to full operations after being idled by Hurricane Matthew, traders said. Most-actively traded December lean hogs finished down 0.475 cent/lb., to 41.125 cents (all figures […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle extend gains on technical buying

Chicago | Reuters — U.S. live and feeder cattle futures climbed more than one per cent on Monday, adding to gains in the previous session, on technical buying and expectations cattle and beef prices will rise seasonally, traders and analysts said. Chicago Mercantile Exchange lean hog futures fell sharply. Friday’s expiration of October hogs left […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle plumb new lows on technical selloff

Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, traders said. Lean hog futures added to recent gains at the Chicago Mercantile Exchange, boosted by technical buying and as investors exited short positions following […] Read more

(CMEGroup.com)

CME mulls cash settlement for volatile cattle market

Chicago | Reuters –– CME Group is considering switching to a cash settlement process for its live cattle futures, a managing director said Thursday, as traders continued to complain about extreme volatility. Dave Lehman, managing director of commodity research and product development, said discussions about the new settlement procedure were part of an all-encompassing review […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled down by their three cents/lb. daily price limit, on sell stops and fund liquidation after some contracts fell beneath chart support levels, said traders. October and December were down three cents/lb. at 98.875 and 100.05 cents, respectively (all figures US$). December futures […] Read more