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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cattle rise as cash prices surge

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Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. April
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cash prices propel live cattle to one-year high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their three-cents-per-pound daily price limit (all figures US$). April
(Regis Lefebure photo courtesy ARS/USDA)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Lean hogs surge on stocks data, strong pork demand

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Chicago/Reuters – Chicago Mercantile Exchange lean hog futures climbed for a second day on Tuesday, with some contracts surging more than 3 percent, on bullish pork stocks data and seasonal buying, traders said. Prices climbed from the opening bell as the U.S. Department of Agriculture reported tighter-than-anticipated U.S. stocks of frozen pork and the tightest
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Live cattle drop from one-year peak, hogs rise

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Chicago/Reuters – Chicago Mercantile Exchange live cattle fell on Monday in a profit-taking setback after notching one-year highs for four straight days last week, traders said. Larger-than-expected cattle placements in a monthly government report issued after the market closed on Friday added pressure to start the week, with deferred contracts posting the steepest declines. “The
Photo: Canada Beef Inc.
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Live cattle futures again notch 1-year highs

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures climbed on Thursday to a one-year top for the third straight day, and deferred contracts marked fresh highs, helped by firmer wholesale beef values, traders said. April live cattle closed 1.700 cents per pound higher at 129.625 cents. June ended 0.525 cent higher at 116.475 cents and
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Strong beef demand lifts live cattle to one-year high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders. They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. April live cattle closed 0.35 cent/lb.

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