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(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle futures buck early losses, hogs wilt

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Tuesday following improved wholesale beef values and futures’ discount to last week’s cash prices, traders said. April closed 0.55 cent per pound higher at 163 cents, and June was up 0.575 cent at 152.325 cents (all figures US$). Tuesday morning’s choice wholesale beef
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle end up, hogs mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday as expectations of steady-to-higher cash trade later this week lifted futures, traders said. April closed 1.225 cents per pound higher at 163.025 cents and June closed 1.15 cents/lb. higher at 153.375 cents (all figures US$). “The market is anticipating better cash cattle
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hogs close firm after USDA report

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs gained modestly on Monday, helped by short-covering and deferred-month buying pegged to Friday’s U.S. Department of Agriculture quarterly hog report, traders said. Last Friday’s report showed active herd expansion during the December-February quarter that slowed as producer profits waned. Nearby hog futures bounced around throughout the
(Regis Lefebure photo courtesy ARS/USDA)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hogs bounce with pork price, live cattle sag

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Thursday, driven partly by short-covering following a spike in wholesale pork values, traders said. April closed 1.15 cent per pound higher at 60.975 cents, and May up 1.5 cents at 68.025 cents (all figures US$). The morning’s wholesale pork price jumped $1.51 per
(Canada Beef Inc. photo)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle pare early losses after beef price hike

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday for the first time in seven days as investors took profits, but sharply higher wholesale beef values minimized losses, traders said. April closed down 0.275 cent per pound, to 161.725 cents, and June 0.675 cent lower at 152.375 cents (all figures US$). The

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