(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live, feeder cattle stampede to new lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to the lowest level for the life of the contract, hit by slumping prices for market-ready (cash) cattle, traders said. Spot December closed 2.4 cents/lb. lower at 119.85 cents, after marking a fresh contract low of 119.25 cents (all figures US$). February

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end mostly lower after rocky session

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in negative territory on Tuesday after an up-and-down day of trading stirred by short-covering and uncertainty about near-term cash prices, traders said. Spot December closed up 0.625 cent, to 122.25 cents/lb., February ended down 0.075 cent, to 127.075, and April 0.4 cent lower,



(Photo courtesy Canada Beef Inc.)

U.S. livestock: COOL news weighs on CME live cattle, hogs

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the U.S. in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared to retaliate


(Canada Beef Inc. photo)

U.S. livestock: Beef price retreat pares CME live cattle gains

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Friday finished in negative territory for a third day in a row after weak wholesale beef values erased initial short-covering gains, traders said. Spot December closed 1.425 cents lower at 124.275 cents/lb., and marked a new contract low of 123.875 cents (all figures US$).

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle fall again with cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant losses on Thursday for a second straight session, with nearby contracts posting new lows, in response to weaker cash prices, traders said. Spot December closed 3.4 cents lower, at 125.7 cents/lb., and made a new low of 124.6 cents. February closed 2.175 cents


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished Wednesday’s session down by their three-cents-per-pound daily price limit on profit-taking ahead of potentially lower cash prices later this week, traders said. Spot December and February closed at 129.1 cents and 131.625 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle stabilize near annual lows

Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this