GFM Network News

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund buying extends live cattle gains

Chicago | Reuters — The previous session’s Chicago Mercantile Exchange live cattle advances carried over into Wednesday, with support from fund buying and short-covering on the final trading session of the month, said traders. Futures’ discounts to this week’s initial cash prices provided additional market support, they said. June ended up 1.45 cents/lb. to 124.425 […] Read more

CME June 2017 live cattle, with 20-day simple moving average in blue. (

U.S. livestock: Live cattle hit one-year high on fund buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month’s final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures’ discounts to this week’s cash prices helped drive contracts to fresh highs. Funds […] Read more