Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a second straight day on Thursday, pressured by fallen cash and wholesale beef values, said traders. June, which will expire on June 30, closed 0.875 cent/lb. lower at 118.625 cents (all figures US$). Most actively-traded August finished 1.075 cents lower at 114.275 cents. […] Read more
U.S. livestock: CME live cattle sag with cash, beef prices
U.S. livestock: Cattle, hogs mostly higher on short-covering
Chicago | Reuters — U.S. livestock futures were mostly higher on Friday, with cattle prices stabilizing after Thursday’s multiweek lows and hogs consolidating in the middle of their recent trading ranges. Most-active Chicago Mercantile Exchange August live cattle settled 0.675 cents higher at 118.175 cents/lb. (all figures US$). June live cattle futures finished 0.8 cent […] Read more
U.S. livestock: Cattle, hog futures ease on fund selling
Chicago | Reuters –– U.S. cattle and hog futures fell one per cent or more on Monday, pressured by chart-based and investment fund selling, traders and analysts said. Lower-than-expected prices in cash cattle markets late last week further weighed on futures, even as rising U.S. wholesale beef prices suggested meat demand remained strong. Chicago Mercantile […] Read more
Talk about a yo-yo: Cattle prices jump to near-record highs
The glory days of 2015 were a distant memory last fall — and then all of a sudden prices shot up again
Reading Time: 3 minutes Alberta cattle producers are enjoying unexpectedly strong pricing this spring with both fed cattle and calf prices in Alberta rallying almost 50 per cent since last fall’s painful lows. “There’s always going to be someone who says they saw it coming. We didn’t,” said Brian Perillat, manager and senior analyst with CanFax, the Canadian Cattlemen’s […] Read more
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels, although larger groups of quality cattle were priced $3-$5 higher. Most auction barns reported small packages on offer with a larger variance in quality. However, there was limited slippage, even on late stragglers. Prices were rather surprising, with one producer noting that medium-frame, medium- […] Read more
U.S. livestock: Cattle extend gains as beef prices rise
Chicago | Reuters — U.S. cattle futures climbed about one per cent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
U.S. livestock: Hogs end mixed on profit-taking
Chicago | Reuters — U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will buy more meat for outdoor […] Read more
U.S. livestock: Cattle futures ease in technical selloff
Chicago | Reuters –– U.S. cattle futures eased on Monday, with live cattle shedding two per cent and feeders dropping for the fourth time in the last five sessions in a technical selloff, traders and analysts said. Investors continued to take profits on long positions as cattle declined from their more than one-year highs on […] Read more
Klassen: Feeder cattle market remains firm
Western Canadian feeder cattle markets traded $3-$5 above week-ago levels although lighter weight categories experienced week-over-week gains of $8 to as much as $12. The fed cattle market went through a correction, with live sales quoted from $181 to $186, down from the last week average trade of $195. This weaker live cattle trade appeared […] Read more
U.S. livestock: CME live cattle up third straight session
Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.25 cent/lb. higher at 131.3 cents, and spiked by its 4.5-cent expanded trading limit and a new high of 134.55 […] Read more
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