Chicago | Reuters –– U.S. feedlots in October received five per cent fewer cattle than a year earlier, the U.S. Department of Agriculture said Friday, a four-year low for that month that was in line with average trade predictions. Ranchers grew cattle outside of feedlots longer thanks to still healthy grazing pastures in parts of […] Read more
U.S. October feedlot cattle placements hit four-year low
U.S. livestock: CME live cattle gain slightly before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures nearby contracts posted modest gains on Friday as traders tweaked positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Most analysts, on average, believe fewer animals were put into feedlots in October than a year ago. December live […] Read more
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$). This week, packers […] Read more
U.S. livestock: Strong cash prices boost CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reached their highest level in two months, driven by fund buying and better-than-expected cash prices, said traders. December live cattle closed up 2.725 cents/lb. to 108.2 cents, and February ended 1.975 cents higher at 108.5 cents (all figures US$). On Wednesday packers paid […] Read more
U.S. livestock: Ample supplies drop hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent/lb. to 46.125 cents, and February ended 0.7 cent/lb. lower at 52.9 cents (all figures US$). “There are […] Read more
U.S. livestock: CME live cattle finish mostly firmer
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents (all figures US$). February ended up 0.225 cent […] Read more
U.S. livestock: CME live cattle futures climb as cash price outlook improves
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle closed 1.025 cents […] Read more
U.S. livestock: CME live cattle futures shrug off early losses
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Wednesday after bargain buying and cash price expectations offset initial selling, said traders. CME cattle and hog market participants at first sold futures after Donald Trump unexpectedly won the U.S. presidential election on Tuesday. “People are still concerned about what a Trump administration would […] Read more
U.S. livestock: Bargain buying reverses CME live cattle futures skid
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rallied on Tuesday as strength from bargain buying and short-covering ended the market’s four-session slide, said traders. They said futures garnered more support from fund buying after contracts broke through technical resistance levels. Most actively traded December live cattle closed 0.950 cent per pound higher at 102.600 […] Read more
U.S. livestock: CME live cattle futures losses mount; hogs rally
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the 40-day moving average […] Read more
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