Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower for a second consecutive day on Tuesday amid concerns about increased supplies ahead, said traders. “Everybody keeps talking about this wall of cattle coming. But, feedyards moved a lot of cattle ahead of schedule to avoid lower prices later, which may ultimately create a […] Read more
U.S. livestock: Supply growth worries extend CME live cattle losses
U.S. livestock: Profit-taking upends CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Monday, pressured by profit-taking after three consecutive days of market advances, said traders. Worries about burdensome supplies in the coming weeks further weighed on live cattle futures, they said. “We’ve got a lot of cattle coming, but the market seems to be absorbing […] Read more
U.S. livestock: Live cattle rally on Plains cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday as cash cattle at U.S. Plains feedlot markets traded at higher prices amid rising beef values and robust packer margins, traders said. Milder temperatures around much of the country following an unusually chilly stretch of early spring weather is lifting demand for […] Read more
U.S. livestock: Cattle advance as beef prices push higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday as rising beef prices bolstered beef packer margins and fueled expectations for higher cash cattle prices this week, traders said. CME April live cattle closed 0.825 cent/lb. higher at 121.925 cents, June futures were up 0.525 cent at 105.575 cents and August […] Read more
U.S. livestock: Cattle futures retreat as stock market plunges
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled mostly lower on Tuesday as a steep drop in the stock market dragged futures from the highest levels of the month, posted early in the session, traders said. Strong packer margins and climbing beef prices had supported early gains before outside markets undercut the […] Read more
U.S. livestock: Cattle futures jump on firm cash, higher beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Monday in response to higher cash cattle prices late last week and rising beef prices, traders said. Supplies of cattle remain large, but demand for market-ready stock is likely to remain strong due to profitable packer margins and milder weather around the U.S. […] Read more
U.S. livestock: Cattle rise on strong cash markets
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with nearby contracts supported by firm cash markets and strong wholesale beef values, traders said. Deferred offerings rose as traders covered short positions ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. The report, released after the close of the […] Read more
U.S. livestock: Cattle futures drop
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Thursday on profit-taking and fund liquidation ahead of the U.S. Agriculture Department’s monthly Cattle on Feed report. Feeder cattle followed live cattle futures lower. Hog futures were mixed on bull spreading, with the front month contract rising in thin trading while deferreds weakened. […] Read more
U.S. livestock: Cattle, hog futures rise
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rose on Wednesday, supported by steady-to-higher early-week cash prices, traders said. Hogs drew support from higher cash and wholesale pork prices. Futures were further supported by lower week-over-week hog weights. It’s a “good sign that these weights are coming down,” said Dan Norcini, an independent […] Read more
Online cattle market AgriClear goes dark
Canada’s TMX Group has pulled the plug on its AgriClear online cattle exchange after almost three years of operation. TMX, which operates the Toronto-based TSX stock exchange among other services, announced on AgriClear’s lone remaining web page that the AgriClear platform and website have been decommissioned, effective Monday (April 16). “As part of the active […] Read more
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