(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs continue gains for second day

Chicago | Reuters — Livestock futures traders continued to hunt for cover on their short positions Thursday, resulting in Chicago Mercantile Exchange cattle futures climbing a second day after prices slid to contract lows earlier this week. The Chicago Mercantile Exchange saw live cattle and feeder cattle futures on Wednesday bounce back strongly from contract

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff

Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows,


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Technical trading, holiday fears sour hog, cattle futures

Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Lower cash prices again send CME hogs to six-year low

Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts drifted to a six-year low for a second straight day on Friday as plentiful seasonal supplies pulled prices for market-ready (cash) hogs lower, traders said. Spot December finished 0.4 cent/lb. lower at 55 cents, and February ended down 0.3 cent at 58.3 cents. Cash hog

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME cattle futures fall third straight session

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.4 cents/lb., down 2.825 cents, and February 2.75 cents lower at 136.9 (all figures US$). On Thursday, packers in


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market stronger but volatile

The Western Canadian feeder cattle market appeared to gain momentum this week.  Feeder cattle prices were extremely volatile compared to last week trading $5 lower to as much as $10 higher in the Eastern Regions.  When April live cattle futures were higher, the bids flowed more aggressively but on days when the futures struggled, buyers




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle close lower, but up from session lows

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved, following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents/lb. lower at 136.675 cents, but is currently down 0.675 cents, to 138.875, in electronic trading