(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs extend gains on packer demand

Chicago | Reuters — U.S. lean hog futures extended gains to a fresh seven-month high on Thursday, lifted by strong pork packer demand, while cattle futures also climbed in a short-covering rebound from Wednesday’s multiweek lows, traders and analysts said. Traders continued to bull-spread Chicago Mercantile Exchange lean hogs, with the front-month February contract hitting […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash prices push CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week’s cash price surge, traders said. February live cattle closed 0.75 cent/lb. higher at 121.025 cents, and April closed up 0.475 cent, to 119.875 cents (all figures US$). Both contracts notched 10-month highs […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash prices boost live cattle to 10-month high

Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Tuesday climbed to their highest level in 10 months after investors digested last week’s better-than-expected cash prices, traders said. February live cattle closed 1.05 cents/lb. higher at 119.575 cents, and April up 1.075 cents, to 119 cents. “It was a good cash market […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking, beef quotes drop CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle turn lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday gave back some of Wednesday’s gains, pressured by profit-taking and technical selling, said traders. They said early-session futures buying subsided after investors digested this week’s cash prices. February live cattle closed 0.6 cent/lb. lower at 115.075 cents (all figures US$). April ended down […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price caution pressures CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed weaker on Thursday as investors wait for remaining slaughter-ready, or cash, cattle to change hands by Friday, traders said. December live cattle closed down 0.375 cent/lb. at 110.725 cents, and February was 0.425 cent lower at 113.275 cents (all figures US$). Packers may resist […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle reach another two-month high

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high for a second straight day on Thursday, buoyed by this week’s stronger-than-anticipated cash prices, traders said. December live cattle closed up 0.025 cent/lb. to 108.225 cents, and February ended 0.3 cent higher at 108.8 cents (all figures US$). This week, packers […] Read more