(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle sink on technical selling

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday on profit-taking and technical selling, although losses were limited by firm wholesale beef prices and the discount of futures to cash prices, traders said. April live cattle closed down 0.425 cent/lb. to 115.55 cents, slipping below the contract’s 50-day moving average around […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Supply growth worries sink CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures slumped on Thursday, with pressure from profit-taking partly fueled by increased supply expectations, traders said. April live cattle closed 1.425 cents/lb. lower at 116.15 cents, and June closed 1.075 cents lower at 106.725 cents (all figures US$). “I’m surprised at the (futures) weakness given bullish […] Read more

(Photo courtesy Canada Beef Inc.)

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

Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, after investors sold April futures and simultaneously bought deferred months. Investors held off buying April futures despite strong wholesale beef values and steady-to-better cash price expectations for this week. April live cattle closed 0.35 cent/lb. lower at 117.575 cents (all […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Funds, beef demand fuel CME live cattle rally

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Tuesday, driven by fund buying and brisk wholesale beef demand, said traders. They said deferred-month contracts’ discounts to this week’s expected cash prices provided additional market support. February live cattle, which expired at noon CT, closed 1.225 cents/lb. higher at 126.6 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures score 10-month high

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures reached their highest since late April 2016, driven by short-covering amid brisk wholesale beef demand, said traders. They said speculators bought deferred cattle contracts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report proved less bearish than some had anticipated. February live cattle, […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking pressures cattle futures, boosts hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly lower on Friday while lean hog futures gained sharply as investors took profits in each livestock contract, traders and analysts said. Cattle fell after Thursday’s nearly four-week high and hogs rebounded from a roughly two-month low. “It’s just an end-of-the-week rally,” Rosenthal Collins […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs extend losses on cash expectations

Chicago | Reuters — U.S. lean hog futures fell more than one per cent on Thursday, extending losses to their third straight session, on pressure from expectations for declines in Midwest cash hog markets, traders and analysts said. Lower wholesale pork prices this week, especially pork belly cuts, also weighed on futures and squeezed packer […] Read more