(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle post losses, but off session lows

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday settled lower, weighed down by profit-taking and initial fund liquidation, said traders. Rising wholesale beef values and CME live cattle futures’ discount to prices for slaughter-ready or cash cattle lifted contracts from session bottoms. February live cattle finished 0.875 cents/lb. lower at 124.825 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Strong cash trade lifts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday, riding a tailwind from Friday’s higher-than-expected prices for market-ready, or cash, cattle, traders said. February live cattle finished 1.1 cents/lb. higher at 125.7 cents and most-active April settled up 0.375 cents at 125 cents (all figures US$). After futures closed on Friday, […] Read more


U.S. livestock: Cattle rebound after sharp drop

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with strength in the cash market underpinning a technical rebound from Thursday’s sharp decline, traders said. “We had a break that was a surprisingly quick break from the top,” said Don Roose, president of U.S. Commodities. “Today we brought back the technical […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Beef quotes send CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 cents/lb. higher at 124.725 cents […] Read more






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump on short-covering

Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Wednesday on technical buying and short-covering, spurred in part by higher-than-expected prices at a weekly cattle sale, traders said. Animals at Wednesday’s Fed Cattle Exchange brought $119.75/cwt, up from $119 a week earlier (all figures US$). “I guess people thought it would be closer […] Read more