Chicago / Reuters – Chicago Mercantile Exchange live cattle futures sagged Wednesday on profit-taking and fund selling, but strong wholesale beef values helped pull prices off morning lows, traders said. October closed down 0.200 cent per lb at 169.000 cents, and December was 1.025 cents lower at 166.750 cents. The morning’s choice wholesale beef price, or cutout, climbed $2.49 per hundredweight (cwt) from […] Read more
U.S. livestock: CME live cattle finish down, but off session lows
U.S. livestock: CME lean hogs turn higher on short-covering
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through […] Read more
CME to include electronic trades in livestock settlement prices
Chicago | Reuters –– CME Group will begin including electronic trades in the calculation of daily settlement prices for its live cattle, feeder cattle and lean hog contracts, the exchange said in a letter to its livestock customers Monday. The change, which is considered a blended settlement, will take effect from Dec. 15, pending a […] Read more
Officials at Red Deer hog facility vow animal abuse won’t happen again
Western Hog Exchange chair says he doesn’t like animal rights group’s tactics but says its undercover video will result in ‘very positive changes’
Reading Time: 4 minutes The Western Hog Exchange has one message for the pork industry in the wake of animal abuse allegations at its Red Deer facility. “What we saw is not acceptable,” said Brent Moen, chairman of the farmer-owned exchange. “We’re introducing changes, and we’re taking responsibility for this. And we will make improvements to our process.” An […] Read more
U.S. livestock: CME live cattle jump with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice […] Read more
U.S. livestock: CME live cattle pare initial gains before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago. […] Read more
U.S. livestock: Cash price record lifts CME live cattle to new high
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures touched a new high on Thursday in response to record-high prices for market-ready, or cash, cattle, traders said. Cash cattle in Texas and Kansas fetched $170 per hundredweight (cwt), up $6 from last week, and surpassed an all-time high of $166 set in parts of […] Read more
U.S. livestock: CME live cattle rebound with beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday erased Tuesday’s losses, aided by short-covering and the upswing in wholesale beef prices, traders said. October closed up 1.5 cents, to 168.05 cents per pound, and December was 1.05 cents higher at 168.1 cents/lb. (all figures US$). Wednesday morning’s choice wholesale beef price […] Read more
U.S. livestock: CME live cattle slide from record high on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday on profit-taking after hitting an all-time high earlier in the session, traders said. October closed down 1.35 cents to 166.55 cents per pound, and December was 0.975 cents lower at 167.05 cents/lb. (all figures US$). Upward CME live cattle momentum stalled […] Read more
U.S. livestock: Fund buying lifts CME live cattle to new high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a new high on Monday, sparked by active fund buying that triggered buy stops and short-covering, traders said. October closed up 2.85 cents per pound at 167.9 cents after earlier posting a new contract high of 167.925 cents in electronic trading (all figures US$). […] Read more
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