Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday after traders sold the February contract and bought deferred months while awaiting cash prices later this week, traders said. On Tuesday, packers in Texas and Kansas bid $132/cwt for market-ready, or cash, cattle against sellers who asked $138, said feedlot sources […] Read more
U.S. livestock: CME live cattle ease ahead of cash prices
U.S. livestock: Fallen equities market topples CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts closed lower on Friday, weighed by cash price caution and heavy U.S. stock market losses, traders said. The day’s firm U.S. dollar and the plunge in equities tied to disappointing jobs data pulled most commodity prices lower, they said. Altin Kalo, an analyst with Steiner […] Read more
U.S. livestock: CME live cattle finish mostly weak
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed weak on Thursday, after investors sold deferred months and bought February in anticipation of at least steady cash prices by Friday, traders said. Packers in Kansas and Texas on Thursday bid $138/cwt for market-ready, or cash, cattle, which matched last week’s sales, said […] Read more
U.S. livestock: CME live cattle rise as weather crimps supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained for a third straight day on Wednesday, with packers eyeing fewer available cattle as the U.S. Plains digs out from wintry weather, traders said. They said that while some processors have resumed normal operations, others still found it difficult to get employees and cattle […] Read more
U.S. livestock: Weather market underpins CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose modestly on Tuesday, helped by inclement weather in the western corn belt that delayed delivery of livestock to packing plants, said traders. Blizzard conditions in the central U.S. shut down some Cargill and Tyson Foods beef and pork processing plants in the region, company […] Read more
U.S. livestock: CME live cattle end higher after rocky session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained moderately on Monday, following an up-and-down session that was ultimately supported by last week’s cash price strength, traders said. February live cattle closed up 0.375 cent/lb., to 135.675 cents, and April ended 0.425 cent higher at 134.425 (all figures US$). “It is a tough […] Read more
U.S. livestock: CME live cattle sag, but off lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground on Friday, pressured by sell stops and fund liquidation before giving way to cash price optimism that lifted contracts from session lows, traders said. The U.S. Department of Agriculture will issue the twice-annual cattle inventory report on Friday at 2 p.m. CT. February […] Read more
U.S. cattle herd growth to five-year high spells cheaper beef ahead
Chicago | Reuters — Beef prices will keep trending lower, analysts said after the government’s semi-annual cattle inventory report on Friday showed the U.S. cattle herd as of Jan. 1 grew three per cent from a year ago, to a five-year high. Healthy pastures, more-affordable grain and record-high cattle prices a year ago encouraged ranchers […] Read more
U.S. livestock: Cash price caution weighs on CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Thursday on profit-taking and uncertainty over the price of cash cattle on Friday, traders said. February live cattle closed down 0.3 cent/lb. at 135.425 cents, and April ended 0.725 cent lower at 134.525 (all figures US$). Market-ready, or cash, cattle bids in Texas […] Read more
U.S. livestock: Cash price optimism lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday, driven by short-covering and expectations that some processors by Friday might pay the same or more for cash cattle than last week, traders said. February live cattle closed 2.7 cents/lb. higher at 135.725 cents, and April ended up 1.85 cents to […] Read more
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