Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday fell more than two per cent, their steepest daily decline in 1-1/2 months, pressured by sell stops and fund liquidation, said traders. December live cattle closed down 2.35 cents/lb. to 108.225 cents, and February 2.5 cents lower at 108.875 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle book steep drop
U.S. livestock: CME live cattle slide off three-month peak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday peaked at a three-month high before profit-taking dropped contracts to near session lows, said traders. December live cattle closed down 0.175 cent/lb. to 110.575 cents, and February ended 0.575 cent lower at 111.375 cents (all figures US$). CME live cattle futures receded in […] Read more
U.S. livestock: Cattle, hogs rise on cash markets
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures rose about one per cent on Wednesday, rallying after two straight sessions of losses on the back of gains in U.S. cash cattle and hog markets, traders and analysts said. Most-active CME February live cattle settled 1.65 cents higher at 111.95 cents/lb. (all figures […] Read more
U.S. livestock: CME live cattle futures extend losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower for a second day in a row on Tuesday, pressured by more profit-taking ahead of potentially steady to weaker cash prices by Friday, said traders. December live cattle closed down 0.375 cent/lb. to 108.925 cents, and February ended 0.725 cent lower at 110.3 […] Read more
Klassen: Feeder cattle prices climbing
Western Canadian feeder cattle markets were trading $5-$7 above week-ago levels, with higher-quality cattle trading as much as $10 higher. It’s difficult to quarrel with one’s bread and butter; feedlot margins are now in positive territory and cattle feeders are keen on ownership with the positive outlook into the March timeframe. Feature presort calf sales […] Read more
U.S. livestock: Cattle, hog futures extend rally on packer demand
Chicago | Reuters — U.S. cattle and hog futures extended gains to fresh multi-month highs on Friday, buoyed by technical buying and strong demand from beef and pork packers, traders said. Live cattle jumped more than one per cent at the Chicago Mercantile Exchange, capping their fifth consecutive week of higher prices. Lean hog futures […] Read more
U.S. livestock: Hogs, cattle firm on pre-holiday technical buying
Chicago | Reuters — U.S. lean hog futures gained one per cent on Wednesday while live and feeder cattle each rose modestly, boosted by technical buying and good demand from meat packers ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Chicago Mercantile Exchange December lean hogs notched a two-month high, before finishing just below […] Read more
U.S. livestock: Hogs falter on profit-taking after two-month high
Chicago | Reuters — U.S. hog futures eased about one per cent on Tuesday as investors locked in profits after prices earlier climbed to the highest levels in more than two months, traders and analysts said. Chicago Mercantile Exchange live cattle futures were slightly higher and feeder cattle narrowly lower, in largely technically-driven trade ahead […] Read more
U.S. October feedlot cattle placements hit four-year low
Chicago | Reuters –– U.S. feedlots in October received five per cent fewer cattle than a year earlier, the U.S. Department of Agriculture said Friday, a four-year low for that month that was in line with average trade predictions. Ranchers grew cattle outside of feedlots longer thanks to still healthy grazing pastures in parts of […] Read more
U.S. livestock: CME live cattle gain slightly before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures nearby contracts posted modest gains on Friday as traders tweaked positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Most analysts, on average, believe fewer animals were put into feedlots in October than a year ago. December live […] Read more
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