Chicago / Reuters – Chicago Mercantile Exchange live cattle fell to their lowest level in 13 months on Tuesday in anticipation of lower prices this week for market-ready, or cash, cattle, traders said. August closed 1.600 cents per lb lower at 145.150 cents, and October down 1.750 cents at 147.275 cents. On Tuesday, isolated cash […] Read more
U.S. livestock: Cash price pessimism drops CME live cattle to 13-month low
U.S. livestock: CME live cattle futures finish mostly weak; hogs lower
Chicago / Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Monday after investors sold deferred months and bought August because of its discount to last week’s cash prices, traders said. August closed up 0.100 cent per lb at 146.750 cents, October 0.100 cent lower at 149.025 cents and December down 0.075 […] Read more
U.S. livestock: CME live cattle settle mixed after bouncy session
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$). On Friday, market-ready (cash) […] Read more
U.S. livestock: Lower cash-price sentiment weakens CME live cattle
Chicago | Reuters –– After gaining for the first time in five days on Tuesday, Chicago Mercantile Exchange live cattle futures resumed their downward trend on Wednesday, pressured by expectations for lower cash prices this week, traders said. August closed 0.125 cent/lb. lower at 147.025 cents, and October down 0.1 cent at 150.225 cents (all […] Read more
Klassen: Feeder market experiences softer tone
Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt malleable with various-quality cattle on […] Read more
U.S. livestock: CME live cattle down sixth straight day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost ground for a sixth straight session on Thursday, pressured by cash price caution for this week, traders said. June closed down 1.525 cents per pound to 150.425 cents, and August 1.3 cents lower at 149.35 cents (all figures US$). Market-ready (cash) cattle bids in […] Read more
U.S. livestock: CME live cattle ease while awaiting cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday, weighed by caution ahead of this week’s cash prices, traders said. June closed down 0.1 cent per pound, to 151.95 cents, and August 0.575 cent lower at 150.65 cents (all figures US$). Cash cattle bids in the U.S. Plains were at […] Read more
U.S. livestock: Lower cash prices sink CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell hard Friday, pressured by lower prices for market-ready (cash) cattle, traders said. June closed 2.775 cents per pound lower, at 152.45 cents, and August down 2.125 cents, to 150.8 cents (all figures US$). A moderate number of cash cattle in Nebraska sold at $152 […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures snapped a three-day win streak on Thursday, pressured by profit-taking and a wholesale beef price downturn, traders said. June closed down 0.575 cent per pound, to 155.225 cents, and August 0.6 cent lower at 152.925 cents (all figures US$). Thursday morning’s wholesale choice beef (cutout) […] Read more
Klassen: Price environment continues to enhance feeder complex
The stars continue to align in the correct pattern for the feeder cattle market, as prices in Western Canada jumped $2 to $5 this past week with noticeable advances in the lighter-weight categories. The Canadian dollar continues to deteriorate, and there is potential for further weakness given the overall economic situation. Secondly, Alberta fed cattle […] Read more
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