Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, pressured by technical selling and weaker wholesale beef prices, analysts and traders said. As the Thanksgiving holiday season approaches beef demand typically diminishes in favor of turkey and ham. Analysts said less demand may cause a backlog of beef products, which could drive wholesale prices
U.S. livestock: Live cattle futures decline on technical selling
U.S. livestock: Live cattle end lower on technical selling
Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday on fund liquidation in a technical selloff with spot December ending down 1.24 per cent, traders and analysts said. Spot December fell to a one-month low in earlier dealings and, though paring losses, still ended near the session low. A large sell stop was
U.S. livestock: Cash prices lift live cattle futures
Chicago Mercantile Exchange live cattle futures ended firmer on Friday, helped by higher cash prices, traders said. Packers in Texas and Kansas paid $132 per hundredweight (cwt) on Friday for cash or slaughter-ready cattle, $1 higher than last week, feedlot sources said (all figures US$). Generally tight cattle supplies in the near term and recent
U.S. livestock: Live cattle pressured by profit-taking
Chicago Mercantile Exchange live cattle futures dipped on Tuesday on profit-taking as wholesale beef prices slipped and beef packer margins remained negative, traders said. Beef packer margins improved slightly on Tuesday, but were still in the red as lower wholesale prices squeezed profits. Choice wholesale beef values early on Tuesday were down 22 cents from
U.S. livestock: CME live cattle end lower on weaker cash prices
Chicago Mercantile Exchange (CME) live cattle futures ended lower on Thursday dragged down by weaker cash cattle trade, analysts and traders said. U.S. Plains cash cattle traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). There were more cattle for sale this week due to a
U.S. feedlot cattle placements rise as feed costs decline
The number of cattle placed in U.S. feedlots in September increased one per cent from a year earlier, a government report showed Oct. 31. Analysts attributed the rise to lower-priced corn, which reduced the cost of fattening cattle in feedlots. Also, higher prices for slaughter-ready cattle improved margins and drew more animals into feedlots. The
U.S. feedlot cattle placements rise as feed costs declined
The number of cattle placed in U.S. feedlots in September increased 1 percent from a year earlier, a government report showed on Thursday. Analysts attributed the rise to lower-priced corn, which reduced the cost of fattening cattle in feedlots. Also, higher prices for slaughter-ready cattle improved margins and drew more animals into feedlots. The U.S.
Where’s the beef?U.S. consumption is in decline
For the past decade, cattle ranchers and meat packers watched with despair as America’s beef consumption steadily declined, ceding ground to leaner meats as well as vegetarian trends among the health conscious. Most recently, high unemployment in the world’s wealthiest nation had cash-strapped Americans avoiding restaurants where beef is a common entree and had them
Snowmelt May Delay U. S. Spring Corn, Soy Seeding
Near-record amounts of snow dumped across the United States over the winter could delay seeding of the corn and soybean crops in the Midwest grain belt when the melt begins this spring. Any planting delay could set the tone for volatile trading at the Chicago Board of Trade, which got a foretaste on Monday when
Cyber-Savvy Farmer
