U.S. live cattle futures settled narrowly mixed on Wednesday, pressured by news that Russia may block some North American meat imports, but prices drew support from a tighter cattle supply outlook. Chicago Mercantile Exchange (CME) spot February live cattle closed up 0.05 cent per pound at 125.775 cents. And most-actively traded April finished down 0.025
U.S. live cattle futures end mixed after wild ride
Japan beef news rallies U.S. live cattle futures
U.S. live cattle futures rallied on Tuesday, helped by news that Japan could ease U.S. beef import restrictions soon, triggering short-covering, traders and analysts said. Japan could relax its BSE-related import rules on U.S. beef on Feb. 1 if a panel of medicine and food experts consents, a Japanese health ministry spokesman said. Japan’s potential
Cargill news drops U.S. live cattle to multi-month lows
U.S. live cattle futures sank to multi-month lows on Friday as investors continued to digest Thursday’s news that Cargill plans to close a Texas beef packing plant on Feb. 1, traders and analysts said. Cargill announced its Plainview, Texas plant would be shut down due to tight cattle supplies after drought in the U.S. southwest
U.S. live cattle futures slump on Cargill news
Chicago Mercantile Exchange (CME) live cattle futures fell hard Thursday on news that Cargill plans to close its beef packing plant in Plainview, Texas, on Feb. 1 due to tight supplies, traders and analysts said. CME live cattle futures at one point fell by their three-cent daily price limit, but recovered some of those losses
Cargill to shut Tex. beef plant as U.S. herd shrinks
Agrifood giant Cargill, one of the United States’ largest beef processors, said Thursday it will close its Plainview, Tex. beef plant on Feb. 1 in reaction to the smallest U.S. cattle supply in more than 60 years. "The U.S. cattle herd is at its lowest level since 1952. Increased feed costs resulting from the prolonged
U.S. live cattle futures sink to two-month low
Chicago Mercantile Exchange (CME) live cattle futures sank on Wednesday to their lowest level in two months as prices for cattle in the cash market moved lower, analysts and traders said. They said CME live cattle February and April broke through their respective psychological support levels of 130 and 134 cents, triggering fund liquidation. Live
U.S. feeder cattle extend losses as corn climbs
Chicago Mercantile Exchange (CME) feeder cattle on Monday fell for a sixth straight day, pressured by corn prices which have risen in the last seven trading sessions, analysts and traders said. The corn rally means feedlots will be paying more to fatten their cattle and it reduces demand for replacement animals, one trader said. Lower
U.S. hog futures climb as cash expected to rise
Chicago Mercantile Exchange (CME) hog futures closed higher on Monday as traders anticipated a rebound in cash hog prices by covering short positions, traders and analysts said. Spot February hogs settled 1.025 cents per pound higher at 85.225 cents. Most-actively traded April ended at 87.85 cents, up 0.725 cent (all figures US$). Packers may raise
U.S. feeders see biggest weekly drop in six months
Chicago Mercantile Exchange (CME) feeder cattle futures slumped on Friday, capping their biggest weekly percent loss in six months, 1.8 per cent, as corn prices surged after U.S. government grain data. The U.S. Department of Agriculture estimated U.S. corn stocks below trade expectations, sending Chicago Board of Trade (CBOT) corn prices up sharply. The potential
U.S. live cattle futures steady to weak
Chicago Mercantile Exchange (CME) live cattle finished steady to weak on Thursday, weighed by futures’ premium to cash cattle prices, traders and analysts said. So far, cash cattle in the U.S. Plains traded at $127 to $128 per hundredweight (cwt), steady to down $1 per from last week, said feedlot sources. Packer bids for unsold
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