CME live cattle futures slip on profit-taking

May 30 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday edged down slightly, pressured by profit-taking after Thursday’s steep climb, traders said. * Futures’ discount to this week’s prices for market-ready, or cash, cattle limited market losses, they said. * Friday’s USDA export data for the week ended May 22 showed U.S. beef


CME live cattle futures turn up with beef prices

May 28 (Reuters) – Chicago Mercantile Exchange live cattle futures turned higher on Wednesday, supported by late Tuesday’s strong wholesale beef prices, traders said. * Tuesday afternoon’s wholesale choice beef price rose $1.14 per hundredweight (cwt) from Monday to $233.12. Select cuts jumped $1.75 to $222.65, based on U.S. Department of Agriculture data. * Packer



CME live cattle futures firm with beef demand

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

CME live cattle futures turn up; hogs higher

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


CME live cattle, hog futures slip on profit-taking

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