(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking undercuts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Tuesday on profit-taking that wiped out Monday’s gains, traders said. Prospective futures buyers clung to the sidelines, given the morning’s wholesale beef values pullback and unprofitable packer margins that could weigh on this week’s cash prices. Last week, market-ready, or cash, cattle in



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME feeder cattle surge limit-up

Chicago | Reuters — Lightly traded Chicago Mercantile Exchange feeder cattle contracts on Monday closed up the maximum three-cents-per-pound daily price limit fuelled by live cattle futures’ rebound, traders said. Fund buying and buy stops contributed to CME feeder cattle market advances, they said. January ended at 234.075 cents and March at 233.2 cents (all

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market absorbs larger supplies

Western Canadian feeder cattle prices were well supported this past week, with strong buying interest from both larger feedlot operators and the “year-end buyer” custom cattle feeder. Fed cattle prices continue to trade near historical highs, causing feedlots to aggressively liquidate market-ready supplies. Empty pens can have significant opportunity cost in this environment, so there


U.S. livestock: CME live cattle end mixed on month-end positioning

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday in thin post-Thanksgiving Day volume on positioning during the last trading day for November, traders said. December closed down 0.375 cent per pound at 168.875 cents, and February was at 169.225 cents, 0.45 cent lower (all figures US$). April and June






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle fall, hogs mixed before holiday

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Wednesday after digesting this week’s prices for market-ready or cash cattle ahead of Thursday’s U.S. Thanksgiving holiday, traders said. December closed 0.9 cent per pound lower at 169.25 cents, and February 1.35 cents lower at 169.675 cents (all figures US$). On Wednesday,

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle up with beef prices; hogs sag

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session, lifted by short-covering in response to strong wholesale beef quotes, traders said. December closed 0.65 cent per pound higher at 170.15 cents; February rose one cent, to 171.025 cents (all figures US$). Tuesday morning’s choice wholesale beef