Livestock Markets

May 27 (Reuters) – Chicago Mercantile Exchange live cattle futures were expected to open mixed on Tuesday as investors search for market direction after the Memorial Day holiday, traders said.

May 22 (Reuters) – Chicago Mercantile Exchange live cattle futures gained Thursday, supported by improving demand for beef as retailers gear up for post-Memorial Day outdoor cookouts, traders said. * Wednesday afternoon’s wholesale choice beef price rose 93 cents per hundredweight (cwt) from Tuesday to $231.16. Select cuts climbed $1.06 to $220.09, the U.S. Department

May 21 (Reuters) – Chicago Mercantile Exchange live cattle futures turned moderately higher on Wednesday in choppy action, supported by short-covering in response to improved wholesale beef demand, traders said. * Reduced kills and grocers gearing up for spring grilling likely pushed up wholesale beef values, traders and analysts said. * Futures’ discount to last

May 20 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately weaker on Tuesday, pressured by profit-taking after Monday’s rally, traders said. * Futures’ discount to last week’s cash cattle prices, along with Monday’s wholesale beef price gains, limited losses, they said. * At 8:19 a.m. CDT (1319 GMT), June was down 0.325 cent per

May 19 (Reuters) – Chicago Mercantile Exchange live cattle futures were expected to open firm on Monday, supported by Friday’s neutral to mildly bullish U.S. Department of Agriculture monthly Cattle-On-Feed report, traders said.

May 16 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately higher in choppy trading on Friday, supported by short-covering, traders said. * They said futures are at a discount, or underpriced, to prices for market-ready or cash cattle which encouraged buyers. * Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report.

May 15 (Reuters) – Chicago Mercantile Exchange live cattle futures traded mixed on Thursday as investors adjusted positions before the U.S. Department of Agriculture issues the monthly Cattle-On-Feed report on Friday, traders said. * Analysts expect the data to show cattle placements last month declined from April 2013 after several years of drought in parts

May 13 (Reuters) – Chicago Mercantile Exchange live cattle futures traded mostly firm on Tuesday as funds rolled some of their June positions into contracts further back, traders said. * Tuesday is the last day in which funds that follow the Standard & Poor’s Goldman Sachs Commodity Index will sell, or roll, their June long

May 12 (Reuters) – Chicago Mercantile Exchange live cattle futures were expected to open mixed on Monday, supported by their discounts to Friday’s cash prices but pressured by sluggish beef demand, traders said.

May 9 (Reuters) – Chicago Mercantile Exchange live cattle futures slid lower on Friday, weakened by profit-taking following Thursday’s lower wholesale beef prices, traders said. * Anticipation of steady to lower prices for market-ready, or cash, cattle exerted more pressure on futures, they said. * Friday is the third of five days in which funds