Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Friday after a choppy session swayed by pre-weekend positioning and investors digesting this week’s lower cash prices, traders said. August closed up 0.15 cent/lb. at 146.65 cents, and October down 0.3 cent at 149.125 cents (all figures US$). On Friday, market-ready (cash) […] Read more
U.S. livestock: CME live cattle settle mixed after bouncy session
U.S. livestock: Sluggish beef demand takes down CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower for a second day in a row on Thursday, pressured by lacklustre wholesale beef demand that could drag down this week’s cash prices, traders said. August closed 0.525 cent/lb. lower at 146.5 cents, and October down 0.8 cent at 149.425 cents (all figures […] Read more
U.S. livestock: Lower cash-price sentiment weakens CME live cattle
Chicago | Reuters –– After gaining for the first time in five days on Tuesday, Chicago Mercantile Exchange live cattle futures resumed their downward trend on Wednesday, pressured by expectations for lower cash prices this week, traders said. August closed 0.125 cent/lb. lower at 147.025 cents, and October down 0.1 cent at 150.225 cents (all […] Read more
Talks wrap on Canada/Ukraine free trade pact
Canada’s crop and livestock producers expect to benefit soon from a free trade agreement with Ukraine, on which the two countries’ governments have now formally completed talks. Prime Minister Stephen Harper announced Tuesday, during a visit from Ukraine’s Prime Minister Arseniy Yatsenyuk, that trade negotiations between the two countries wrapped up in Kiev on July 9, and […] Read more
U.S. livestock: Beef price upswing snaps skid for live cattle
Chicago | Reuters — For the first time in five sessions Chicago Mercantile Exchange live cattle futures landed in positive territory on Tuesday, helped by the turnaround in wholesale beef values, traders said. August closed 0.55 cent/lb. higher at 147.15 cents, and October up 0.6 cent to 150.325 cents (all figures US$). Tuesday morning’s wholesale […] Read more
U.S. livestock: CME live cattle down fourth straight session
Chicago | Reuters — Monday saw Chicago Mercantile Exchange live cattle futures slide for a fourth consecutive session, dragged down by slumping seasonal beef demand that could again pressure cash prices for this week, traders said. August closed down 0.875 cent/lb. to 146.625 cents, and October 0.7 cent lower at 149.75 cents (all figures US$). […] Read more
National hedging plan weighed for hog farmers
If there’s a way for a national-level hedging program to help Canadian hog farmers limit their exposure to hog price volatility, the national hog industry body aims to find it. The Canadian Pork Council on Friday announced it had picked up $169,530 in federal funding for a feasibility study on developing such a hedging program. […] Read more
U.S. livestock: Fundamental woes extend losses for CME live cattle
Chicago | Reuters — A selloff of Chicago Mercantile Exchange live cattle futures carried over into the third straight session on Friday, pressured by diminished seasonal beef demand and sentiment that cash prices may have topped out, traders said. August closed down one cent per pound at 147.475 cents, and October fell 1.375 cents, to […] Read more
U.S. livestock: CME live cattle sag, but off session lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses on Thursday, hit by slumping wholesale beef demand and initial technical selling, traders said. But, short-covering and hopes of steady-to-better cash prices than last week for unsold cattle freed contracts from morning lows, they said. August closed down 0.525 cent/lb. to 148.475 cents, […] Read more
U.S. livestock: Stock market turmoil rattles CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Wednesday, pressured in part by the tumbling Chinese stock market and its impact on Wall Street, traders said. World markets were shaken during the day by a halt in New York Stock Exchange trading, the crash in Chinese stocks and Greece’s ongoing […] Read more
Cyber-Savvy Farmer
