Cattle futures on the Chicago Mercantile Exchange were weaker on Wednesday, as a lack of fresh news had some participants moving to the sidelines. The December live cattle contract lost 1.925 cents per pound at 225.275 cents. Feeder cattle were down 1.675 cents in the January contract at 327.475 cents per pound. The U.S. Department […] Read more
U.S. livestock: Cattle futures end lower
Klassen: Weaker fed market weighs on feeder cattle prices
For the week ending November 8, Western Canadian feeder cattle markets traded $10-$20/cwt below values from seven days earlier. Some packages weighing from 600 to 850 pounds were down as much as $30 from week-ago levels. The April live cattle futures fell $10/cwt over the course of the week while Alberta barley prices gained $5-$8/cwt. […] Read more
U.S. livestock: Cattle futures post limit-down losses
Cattle futures on the Chicago Mercantile Exchange were down by their daily limits on Wednesday, with speculative long liquidation a feature. The December live cattle contract lost 7.250 cents per pound at 220.525 cents. Feeder cattle were down 9.250 cents in the January contract at 319.975 cents per pound. U.S. Agriculture Secretary Brooke Rollins met […] Read more
Klassen: Feeder market drops sharply
For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt lower compared to seven days earlier. Cash feeder markets were off by $30-$40/cwt early in the week but then marginally recovered on Wednesday as the feeder cattle futures market stabilized. There were a few exceptions. Higher quality yearlings over 800 pounds coming […] Read more
Klassen: Feeder market softens on weaker demand
For the week ending October 25, Western Canadian yearling markets traded steady to $10/cwt below prices from the previous week. Calves in the range of 550 pounds to 850 pounds were down $8 to $12 on average while feeders under 550 pounds were relatively unchanged compared to seven days earlier. U.S. government comments regarding the […] Read more
U.S. livestock: Cattle futures plunge daily limits on beef price fears
Reuters — Most Chicago Mercantile Exchange live cattle and feeder cattle futures contracts fell their respective daily limits on Friday, as efforts by the U.S. to lower historically high beef prices appeared to spark a round of long liquidation by speculators, analysts said. CME benchmark December live cattle futures were down their daily maximum of […] Read more
U.S. livestock: Cattle futures mixed
Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, after dropping sharply the previous session. The December live cattle contract was up by 1.350 cents per pound at 241.175 cents. However, more deferred months were lower. Feeder cattle saw a continuation of Wednesday’s selloff, with the November contract down 2.775 cents at 361.450 […] Read more
U.S. livestock: Cattle futures drop on Trump call for lower prices
Cattle futures on the Chicago Mercantile Exchange dropped sharply on Wednesday, reacting to comments from United States President Donald Trump calling on the cattle sector to lower prices. The December live cattle contract lost 5.600 cents per pound on Wednesday, at 239.825 cents. Feeder cattle were down their daily limit of 9.250 cents per pound […] Read more
U.S. livestock: Live cattle continue higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, seeing a continuation of Monday’s gains as values remain near record highs. The ongoing shutdown of the United States government will likely delay the publication of monthly cattle on feed data scheduled to come out on Friday. However, market expectations are for a […] Read more
U.S. livestock: Live cattle correct higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Monday, taking back some of Friday’s losses amid ideas the declines were overdone. Cattle futures posted limit-down losses on Friday following comments from United States President Donald Trump that he would lower beef prices. Trump also said over the weekend that beef purchases from […] Read more
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