(Canada Beef Inc. photo)

U.S. livestock: Feeder cattle up one per cent

Chicago | Reuters — U.S. feeder cattle futures gained one per cent and live cattle futures were narrowly higher on Thursday amid rising demand for animals, especially for grazing, traders and analysts said. Greening pastures in the Plains region boosted demand for lighter-weight cattle to feed on grass, with beef packers aggressively buying slaughter-weight cattle

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle sink on technical selling

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday on profit-taking and technical selling, although losses were limited by firm wholesale beef prices and the discount of futures to cash prices, traders said. April live cattle closed down 0.425 cent/lb. to 115.55 cents, slipping below the contract’s 50-day moving average around



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Supply growth worries sink CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures slumped on Thursday, with pressure from profit-taking partly fueled by increased supply expectations, traders said. April live cattle closed 1.425 cents/lb. lower at 116.15 cents, and June closed 1.075 cents lower at 106.725 cents (all figures US$). “I’m surprised at the (futures) weakness given bullish


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end mostly firm

Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, after investors sold April futures and simultaneously bought deferred months. Investors held off buying April futures despite strong wholesale beef values and steady-to-better cash price expectations for this week. April live cattle closed 0.35 cent/lb. lower at 117.575 cents (all

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Funds, beef demand fuel CME live cattle rally

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Tuesday, driven by fund buying and brisk wholesale beef demand, said traders. They said deferred-month contracts’ discounts to this week’s expected cash prices provided additional market support. February live cattle, which expired at noon CT, closed 1.225 cents/lb. higher at 126.6