(Photo courtesy Canada Beef Inc.)

U.S. livestock: Technical selling sends CME live cattle lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended Monday’s losses into Tuesday on more profit-taking and technical selling, traders said. April live cattle ended 0.55 cent/lb. lower at 133.525 cents, and beneath the 100-day moving average of 133.68 cents (all figures US$). June closed 0.375 cent lower at 122.85 cents. Futures declined


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking halts CME live cattle rally

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower on Monday after profit-taking ended futures’ three-day win streak, traders said. Fund selling surfaced after June and August slipped beneath their respective 10-day moving averages of 123.15 and 119.06 cents, which also tripped sell stops (all figures US$). April live cattle ended down




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end higher, but off session tops

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday reversed some of Tuesday’s heavy losses, helped by short-covering and bargain hunting, traders said. April live cattle ended 1.4 cents/lb. higher at 132.075 cents, and June closed 1.1 cents higher at 121.85 (all figures US$). Futures’ price discount to early-week prices for market-ready,