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U.S. livestock: Cattle futures bounce on short covering

Chicago | Reuters – Chicago Mercantile Exchange cattle futures ticked higher on Thursday on a short-covering bounce, though a weaker cash market and concerns around consumer demand for beef continued to weigh on the market. Cattle futures also benefited from rising grains futures, which steadied ahead of the U.S. Department of Agriculture’s monthly supply and


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U.S. livestock: Cattle make gains, hogs mixed

Most Chicago cattle futures rose on Wednesday after Tuesday’s hard fall. Hogs settled on either side of unchanged. Most-active October live cattle futures closed at 231.150 cents per pound, up 0.975 cents. December contracts settled at 232.675 cents a pound, up 1.500 cents. Nearby feeder cattle futures rose, while deferred contracts lost steam. Most-traded October

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U.S. livestock: Cattle drop sharply, hogs mixed

Chicago cattle futures fell on Tuesday on a hefty technical correction. “I think that’s what we’re seeing now. A correction,” wrote analyst Jefferson Fosse with Walsh Trading. Most-active October live cattle contracts closed at 230.175 cents a pound, down 5.625 cents. December contracts closed down 6.400 cents to 231.175 cents per pound. The market has


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Klassen: Feeder market consolidates at historical highs

For the week ending September 6, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. Alberta packers were buying fed cattle on a dressed basis at $525/cwt, up $15/cwt from a week earlier. Using a 60 per cent grading, this equates to a live price of $315/cwt. Current breakeven pen closeout

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U.S. livestock: Cattle markets mostly higher

Cattle futures on the Chicago Mercantile Exchange were mostly higher on Monday, although the nearby October live cattle contract settled with small losses at the final bell. The October live cattle contract lost 0.175 cents per pound at 235.800 cents while the December contract was up 0.125 cents at 237.575 cents. October feeder cattle futures


A University of Saskatchewan grad student has been researching how to use ergot-affected grain for feedlot cattle.  Photo: File

U.S. livestock: Profit-taking pressures cattle futures

Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, with chart-based positioning a feature as the market continued to back away from nearby record highs. The United States Department of Agriculture reported weekly U.S. beef export sales of 16,600 tonnes, which was up 22 per cent on the week and 51 per cent