(CMEGroup.com)

U.S. livestock: CME live cattle, hogs close weak before Memorial Day

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed moderately lower Friday on profit-taking and in response to the U.S. Department of Agriculture’s monthly Cattle on Feed report earlier in the day, traders said. The number of cattle put into U.S. feedlots in April unexpectedly slowed compared with the same month last year. “It’s






(Photo courtesy Canada Beef Inc.)

October U.S. cattle placements not as slow as expected

Chicago | Reuters –– The number of cattle placed in U.S. feedlots in October declined versus last year, a government report showed on Friday, but not by as much as expected, said analysts. While pricey calves discouraged feedlots from buying them, high-priced slaughter cattle and deteriorating summer pastures drew more livestock into feeding pens, they