Live cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, seeing a continuation of Monday’s gains as values remain near record highs. The ongoing shutdown of the United States government will likely delay the publication of monthly cattle on feed data scheduled to come out on Friday. However, market expectations are for a […] Read more
U.S. livestock: Live cattle continue higher
U.S. livestock: Live cattle correct higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Monday, taking back some of Friday’s losses amid ideas the declines were overdone. Cattle futures posted limit-down losses on Friday following comments from United States President Donald Trump that he would lower beef prices. Trump also said over the weekend that beef purchases from […] Read more
U.S. livestock: Cattle at fresh highs, hogs weaken
Cattle futures on the Chicago Mercantile Exchange climbed to fresh highs on Tuesday, as tight supplies and the ongoing closure of the U.S./Mexican border to cattle from Mexico kept values well supported. The December live cattle contract gained 1.750 cents per pound at 246.500 cents. Chart-based positioning contributed to the gains, according to participants, with […] Read more
U.S. livestock: Cattle markets up ahead of report
Cattle futures on the Chicago Mercantile Exchange were stronger on Friday, with positioning ahead of the U.S. Department of Agriculture’s latest cattle on feed report behind much of the activity. The report came out after the markets closed, with placements in August down 10 per cent on the year at 1.78 million head and marketings […] Read more
U.S. livestock: Cattle markets mostly higher
Cattle futures on the Chicago Mercantile Exchange were mostly higher on Monday, although the nearby October live cattle contract settled with small losses at the final bell. The October live cattle contract lost 0.175 cents per pound at 235.800 cents while the December contract was up 0.125 cents at 237.575 cents. October feeder cattle futures […] Read more
U.S. livestock: Profit-taking pressures cattle futures
Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, with chart-based positioning a feature as the market continued to back away from nearby record highs. The United States Department of Agriculture reported weekly U.S. beef export sales of 16,600 tonnes, which was up 22 per cent on the week and 51 per cent […] Read more
U.S. livestock: Cattle futures climb higher to end week
Cattle futures on the Chicago Mercantile Exchange were stronger on Friday, finding some support from fresh details on the U.S. Department of Agriculture’s plans to deal with new world screwworm.
U.S. livestock: Cattle futures climb as U.S. herd remains small
Chicago | Reuters – Chicago Mercantile Exchange cattle futures turned higher on Friday, as traders anticipated U.S. government reports would show tight cattle supplies. After the market closed, the U.S. Department of Agriculture reported that the nation’s cattle herd was 94.2 million head as of July 1, a record low for that date. In a separate report, USDA […] Read more
U.S. livestock: Cattle prices down, hogs rise again
Live and cattle futures on the Chicago Mercantile Exchange retreated for a second session, while lean hogs extended their rally. The August live cattle contract declined by 12.5 U.S. cents per hundredweight to end the day at US$223.550 and showing a weekly gain of US$1.350. October live cattle lost 50 cents/cwt. to close at US$219.825, […] Read more
U.S. livestock: Cattle futures down, hogs rise
Live and feeder cattle futures on the Chicago Mercantile Exchange showed small losses on Thursday, while lean hog futures made gains in consecutive sessions. The August live cattle contract declined 22.5 U.S. cents per hundredweight to end the day at US$223.675. Meanwhile, October live cattle dropped 42.5 U.S. cents/cwt to close at US$220.325. August and […] Read more