Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for a third day in a row on Wednesday, with help from expectations of steady or better cash prices by week’s end, traders said. June live cattle, which expires on Thursday, closed 1.825 cents/lb. higher at 118.9 cents. Most actively traded August ended up […] Read more
U.S. livestock: Cash optimism lifts live cattle third straight day
U.S. livestock: Cattle up on short-covering, hogs mostly higher
Chicago | Reuters — U.S. live cattle futures gained for the second straight session on Tuesday, rising on short-covering and bull-spreading amid expectations for gains in cash cattle prices this week, traders and analysts said. A rebound in stock markets following declines tied to Britain’s decision in a referendum last week to exit the European […] Read more
Klassen: Large beef supplies weigh on feeder market
Western Canadian feeder cattle prices experienced a week-over-week decline of $8-$12 on average while isolated sales dropped nearly $20. The sharp fall in the fed cattle market was the main reason for the deteriorating buying interest. Just when feedlots thought the worst was over, the market gave them another dose of reality. The retail market […] Read more
Big U.S. cattle placements in May point to more meat in Q3
Chicago | Reuters — Cattle placed in U.S. feedlots for fattening surged by 10 per cent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third quarter of 2016. However, analysts polled by Reuters predicted the spike in placements. […] Read more
U.S. livestock: Cattle tumble, hogs decline on liquidation after Brexit
Chicago | Reuters –– U.S. live cattle tumbled more than two per cent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
U.S. livestock: Cattle jump in technical rebound as corn extends losses
Chicago | Reuters — U.S. live cattle rose sharply on Thursday, extending gains to the third session in a row on technical buying and as falling corn prices reduced feed costs for fattening animals, traders and analysts said. Feeder cattle climbed to a 1-1/2 week high as corn slid to a six-week low while big […] Read more
U.S. livestock: Hogs tumble most since March
Chicago | Reuters — U.S. lean hog futures plummeted by two per cent or more on Wednesday, notching their largest daily declines since March on technical selling and investment fund liquidation, traders and analysts said. Traders also were taking profits in hogs following their 1-1/2-year highs touched last week and ahead of a quarterly U.S. […] Read more
U.S. livestock: Technical buying rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reversed some of Monday’s losses, aided by short-covering and technical buying, traders said. Prior to Tuesday’s session, CME live cattle showed a Relative Strength Index (RSI) of 28. A reading below 30 suggests a market is technically oversold and subject to an upward […] Read more
U.S. livestock: Live cattle fall to four-year low on beef prices
Chicago | Reuters — U.S. live cattle futures tumbled to the lowest levels in more than four years on Monday as weak cash cattle prices and declining beef values underscored worries of flagging demand, traders and analysts said. Feeder cattle extended losses to a fresh three-year low while lean hogs trimmed declines to finish mixed […] Read more
U.S. livestock: Feeder cattle hit three-year low on corn prices
Chicago | Reuters — U.S. feeder cattle futures tumbled to the lowest levels in more than three years on Friday as rising corn prices made fattening cattle for slaughter unprofitable, reducing demand, traders and analysts said. Chicago Mercantile live cattle and lean hog futures also fell, weighed by technical selling and as retailers had largely […] Read more
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