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Beef cattle

(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Firm beef prices help drive CME live cattle higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, a move fuelled partly by an uptick in wholesale beef prices, traders said. The morning’s wholesale choice beef price, or cutout, rose 64 cents per hundredweight (cwt) from Thursday to $231.53. Select cuts gained 29 cents to $223.89, the U.S. Department of
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Strong cash prices lift CME live cattle

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Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures closed sharply higher Thursday, pushed up by short-covering in response to higher-than-expected prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $148 per hundredweight (cwt), up $3 from a week ago, according to feedlot sources (all figures
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Profit-taking halts CME feeder cattle rally

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Wednesday, pressured by profit-taking that ended the market’s run of six straight sessions at new highs. “It doesn’t surprise me that futures would take a breather after going up so fast,” a trader said. Futures were also overpriced based on CME’s
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME feeder cattle touch new highs as supplies tighten

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Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Tuesday hit a new high for a sixth straight session, driven by a shortage of calves for fattening after several years of drought in the U.S. hurt crops, traders said. However, sufficient grazing pastures now are allowing ranchers to nourish animals to heavier weight
Beef cattle, Livestock, Markets

Klassen: Feeder cattle outlook remains positive

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Weaker feed grain values, along with stronger fed cattle prices, caused Western Canadian feeder cattle prices to trade steady to $2 per hundredweight (cwt) higher. The market was relatively undefined given the lack of volume. Some producers were holding back smaller groups or “underdeveloped stragglers” as gambling stocks, but these supplies have also moved through
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME feeder, live cattle end higher on tight supplies

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Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up 0.75 cent at 200.25 cents/lb.

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