U.S. livestock: CME live cattle futures end lower on weaker cash trade; hogs edge up

Chicago / Reuters – Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by lower cash cattle prices and weaker overall commodities market, traders said. “The morning beef prices were not good, but commodities in general had a rough day and cattle aren’t immune to those changes,” said Dominic Varricchio, commodities broker at Schwieterman, Inc. CME live cattle futures

Protein demand, fracking affecting grain prices

Commodity News Service Canada — The difficulty in getting American soymeal from processors to the end-user is just one symptom of a much larger problem facing the current market, said a noted industry-watcher at the Cereals North America conference in Winnipeg. “In the last two or three weeks, grain prices have been moving, everything is


U.S. livestock: CME live cattle finish down, but off session lows

U.S. livestock: CME live cattle finish down, but off session lows

Chicago / Reuters – Chicago Mercantile Exchange live cattle futures sagged Wednesday on profit-taking and fund selling, but strong wholesale beef values helped pull prices off morning lows, traders said. October closed down 0.200 cent per lb at 169.000 cents, and December was 1.025 cents lower at 166.750 cents. The morning’s choice wholesale beef price, or cutout, climbed $2.49 per hundredweight (cwt) from

(CMEGroup.com)

U.S. livestock: CME lean hogs turn higher on short-covering

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through



(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice


(CMEGroup.com)

U.S. livestock: CME live cattle pare initial gains before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago.



(CMEGroup.com)

U.S. livestock: CME live cattle rebound with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday erased Tuesday’s losses, aided by short-covering and the upswing in wholesale beef prices, traders said. October closed up 1.5 cents, to 168.05 cents per pound, and December was 1.05 cents higher at 168.1 cents/lb. (all figures US$). Wednesday morning’s choice wholesale beef price

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slide from record high on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday on profit-taking after hitting an all-time high earlier in the session, traders said. October closed down 1.35 cents to 166.55 cents per pound, and December was 0.975 cents lower at 167.05 cents/lb. (all figures US$). Upward CME live cattle momentum stalled