Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed firmer on Wednesday as investors digested initial prices for slaughter-ready, or cash, cattle while bracing for hefty supplies ahead, said traders. Market participants are also monitoring forecasts for a weekend snowstorm in the northern U.S. Plains that could disrupt livestock production in the […] Read more
U.S. livestock: CME live cattle, hogs end mostly firmer
Klassen: Feeder market continues lower trend
Western Canadian feeder cattle markets traded $5 to $8 below week-ago levels; noticeable declines were noted in the lighter weight categories, which were down $6 to as much as $10. Adverse weather continues to plague the feedlot regions of Alberta and Saskatchewan. Another snowfall over the weekend caused pen conditions to erode to lowest levels […] Read more
U.S. livestock: CME live cattle extend slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, extending their slide to four straight sessions on declining cash prices and expectations of rising cattle supplies in the next few months. Cash cattle traded lightly in Texas and Kansas, down $1 from last week’s trade, brokers said (all figures US$). “We […] Read more
U.S. livestock: CME live cattle snap back on bargain hunting
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, after short-covering and bargain buying pulled contracts up from Thursday’s seven-week low, said traders. Bullish investors were further drawn to futures’ price value compared to this week’s prices for slaughter-ready, or cash, cattle. April live cattle closed 1.35 cents/lb. higher at 123.125 […] Read more
U.S. livestock: Live cattle drop on technical selling
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined for the fourth straight session on Friday, easing on technical selling and bets that cattle prices have likely reached a short-term peak, traders and analysts said. Feeder cattle and lean hog futures were slightly higher, with feeders rebounding from a two-week low. Most-active CME […] Read more
U.S. livestock: Cattle stumble on profit-taking, lower cash trades
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures notched their largest daily losses in nearly a month on Wednesday, pressured by profit-taking and weaker trades in U.S. Plains cash cattle markets, traders said. Feeder cattle futures fell nearly two per cent and lean hogs ebbed from their session highs, with each easing in […] Read more
U.S. livestock: Live cattle rally on stronger Plains cash market
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to fresh three-month highs on Friday as firming beef packer bids at U.S. Plains feedlot markets fueled expectations of higher cash cattle sales this week. Tighter supplies of market-ready cattle on feedlot showlists this week helped to support the cash market. Trading later developed […] Read more
U.S. livestock: Live cattle up on anticipated firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to the highest in at least three months on Thursday on fund and technical buying and as traders anticipated possibly higher cash cattle sales this week. Buying accelerated as futures prices topped highs posted early last week, as the market shrugged off bearish news […] Read more
U.S. livestock: Live cattle advance, anticipating firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Wednesday, supported by lagging cattle weights and expectations for higher cash market prices this week. Packers will be battling for a smaller number of market-ready cattle on showlists after recent frigid weather in the U.S. Plains and heavy snow in Iowa impeded […] Read more
U.S. livestock: Weaker cash, pork prices drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday were pressured by lower cash and wholesale pork prices, said traders. They said February futures lost technical support while other contracts triggered sell stops after drifting below Thursday’s lows. February hogs closed down 0.225 cent/lb. to 73.175 cents, below the 20-day moving average […] Read more
Cyber-Savvy Farmer
