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(Canada Beef Inc. photo)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Economic fears slam CME live cattle, hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Friday as global economic turmoil sparked fears of a U.S. meat export slowdown, traders and analysts said. Spot-August futures closed 1.05 cents/lb. lower at 145.425 cents, and October 2.475 cents lower at 143.85 cents (all figures US$). “The elephant in the
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle close mixed, hogs lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday after investors bought the August contract and sold deferred months prompted by the morning’s wholesale beef price increase, traders said. Spot-August futures closed 0.45 cent/lb. higher at 148.675 cents, and October was down 0.025 cent at 148.175 cents (all figures US$). Wednesday
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle spike to five-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures peaked at five-month highs on Wednesday, sparked by short-covering and Tuesday’s steep climb in the wholesale beef (cutout) price, traders said. Profit-taking and Wednesday morning’s modest cutout gains pulled futures from session highs, they said. June closed up 0.725 cent per pound, to 155.8 cents,

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