(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund buying extends live cattle gains

Chicago | Reuters — The previous session’s Chicago Mercantile Exchange live cattle advances carried over into Wednesday, with support from fund buying and short-covering on the final trading session of the month, said traders. Futures’ discounts to this week’s initial cash prices provided additional market support, they said. June ended up 1.45 cents/lb. to 124.425 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle recoup some recent losses

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday reversed some of their recent losses, helped by short-covering and futures’ discounts to this week’s expected cash prices, said traders. They said some investors sold June futures and simultaneously bought deferred months ahead of the first notice day for June cattle deliveries on Monday. […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Funds, bargain buying rally live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent losses, stirred by fund buying and bargain hunting as the U.S. Memorial Day holiday approaches, said traders. They said futures’ discounts to this week’s cash prices attracted would-be buyers. June closed 1.8 cents/lb. higher at 123.925 cents, and above […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle retreat following initial cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts slumped on Wednesday, pulled down by technical selling and lower preliminary cash prices, said traders. June closed 0.95 cent/lb. lower at 122.125 cents (all figures US$). August closed 1.4 cents lower at 119.925 cents, and below the 10-day moving average of 120.13 cents. Wednesday morning’s […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs gain, cattle ease on spread unwinding

Chicago | Reuters — U.S. lean hog futures rose to a three-month high on Tuesday while live cattle declined as some investors unwound hog-cattle spreads, traders and analysts said. Traders locked in profits on long cattle-short hog spreads, with Chicago Mercantile Exchange live cattle declining for the first time in four sessions and easing from […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle hit two-week high on cash discount, bear-spreading

Chicago | Reuters — U.S. live cattle futures extended gains to a nearly two-week high on Monday, lifted by bear-spreading and futures’ discount to trades in the cash steer market, traders said. Feeder cattle futures jumped two per cent and lean hog futures hovered near three-month highs while wholesale beef and pork prices climbed ahead […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle rebound on technical buying, lower animal weights

Chicago | Reuters –– U.S. cattle futures climbed on Thursday, rising on technical buying and lower animal weights that suggested feedlots were aggressively marketing cattle to meet strong beef packer demand, traders and analysts said. Both Chicago Mercantile Exchange live and feeder cattle futures were technically oversold after steep losses during the past two weeks. […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs end mixed on profit-taking

Chicago | Reuters — U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will buy more meat for outdoor […] Read more