U.S. livestock: Cattle rebound after sharp drop

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday, with strength in the cash market underpinning a technical rebound from Thursday’s sharp decline, traders said. “We had a break that was a surprisingly quick break from the top,” said Don Roose, president of U.S. Commodities. “Today we brought back the technical




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Beef quotes send CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 cents/lb. higher at 124.725 cents



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures sag

Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged lower on Friday to snap a five-session climb, pressured by technical selling and uncertainty about cash price direction, given that cash cattle did not trade ahead of the closing bell, brokers said. However, after the futures market closed, fed cattle traded lightly in cash markets






(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs turn up on short-covering, bargain buying

Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Friday after short covering and bargain buying pared some of the market’s recent losses tied to fears about NAFTA negotiations, said traders. On Wednesday, Mexico said it would withdraw from the North American Free Trade Agreement, following Canadian government worries that the U.S.