(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle again sink to nine-month bottom, but off lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pared losses on Friday after falling to their lowest level in nine months, led by this week’s steep cash price drop and seasonally downward-trending wholesale beef values, said traders. Bargain buying and traders covering their short positions lifted contracts from session lows, and futures remained

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle hit nine-month low

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sank to a nine-month low on Thursday, weighed down by seasonally tepid wholesale beef demand and sharply lower prices for slaughter-ready, or cash, cattle, traders said. Thursday’s market losses triggered pre-established sell orders. And fund liquidation developed after August and October futures fell below their


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle give back Tuesday’s gains

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reversed some of Tuesday’s advances, led by fund liquidation and expectations for softer prices for slaughter-ready, or cash, cattle this week, traders said. “We obviously still see liquidation by funds that are still long the market,” West Oak Commodities analyst Tom Tippens said.




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle retreat on softer cash price outlook

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday on expectations for lower prices for slaughter-ready, or cash, cattle this week amid ample supplies, traders said. The decline triggered pre-determined sell orders, and funds sold the October contract after it slipped beneath its 200-day moving average of 107.183 cents (all figures