Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher for a fifth successive session on Thursday, driven by lighter cattle weights and the morning’s firm wholesale beef prices, traders said. June live cattle closed 2.175 cents/lb. higher at 119.625 cents, and August ended up 2.125 cents at 117.425 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle rally fifth day in a row
U.S. livestock: More gains for CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday gained for a fourth day in a row, after technical buying and futures’ discounts to last week’s cash prices offset early-session selling, traders said. June live cattle closed 1.075 cents/lb. higher at 117.45 cents, and August ended up 0.95 cent at 115.3 cents […] Read more
U.S. livestock: CME live cattle up third straight session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday marked three days of gains, supported by their discounts to last week’s prices for market-ready, or cash, cattle, traders said. June live cattle closed 0.575 cent/lb. higher at 116.375 cents, and August ended up 0.625 cent at 114.35 cents (all figures US$). Cash […] Read more
U.S. livestock: CME live cattle extend gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Monday landed in positive territory for a second straight session, driven by more short-covering and futures’ discounts to last week’s cash prices, traders said. June live cattle closed 0.875 cent/lb. higher at 115.8 cents, and August ended up 1.3 cents at 113.725 cents (all […] Read more
U.S. livestock: CME live cattle close higher, but off highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday reversed some of Thursday’s steep losses, helped by short-covering after investors squared positions on the last trading session for the month, traders said. April live cattle, which expired at noon CT, settled 0.25 cent/lb. higher at 123.1 cents (all figures US$). June, the […] Read more
U.S. livestock: Sluggish beef demand sinks CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled sharply lower on Thursday, with the June contract down by its three-cent/lb. daily price limit, as sluggish beef demand threatened to pressure cash prices by Friday, traders said. Lightly-traded April live cattle, which has no limit on the final two days before expiration on […] Read more
U.S. livestock: CME live cattle close lower, but off lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled lower on Wednesday after sluggish wholesale beef demand renewed expectations for weak cash prices by Friday, traders said. Short-covering and bargain hunting freed contracts from session lows, they said. April live cattle, which will expire on Friday, closed 0.8 cent/lb. higher at 126 cents, […] Read more
U.S. livestock: More short-covering extends CME live cattle gains
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rallied again on Tuesday, led by more short-covering and sentiments that last week’s selloff was overdone, traders said. April live cattle closed 1.25 cents/lb. higher at 126.8 cents, and June ended 2.15 cents/lb. higher at 118.75 cents (all figures US$). “We saw short-covering because there […] Read more
U.S. livestock: Short-covering rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, helped by short covering and futures’ discounts to last week’s cash prices, traders said. April live cattle closed 0.825 cent/lb. higher at 125.55 cents, and June ended 1.95 cents/lb. higher at 116.6 cents (all figures US$). Last week, market-ready, or cash, […] Read more
Pork prices gain on seasonal demand, tighter numbers
CNS Canada — Western Canadian cash hog prices have been trending higher as supplies tighten and demand increases moving into the summer, two Prairie analysts say. “A lot of that has to do with lower slaughter numbers, higher pork cutout values,” said Brad Marceniuk, a livestock economist with the Saskatchewan government in Saskatoon. Hog numbers […] Read more
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