(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle mount late-session rally

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed moderately higher on Tuesday, following late-day short-covering and bargain hunting after three sessions of losses, said traders. Futures initially drew more support from their lower price compared to last week’s slaughter-ready, or cash, cattle returns. Market advances were limited by funds in CME’s livestock markets




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price optimism boosts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reached a seven-week high, propelled by expectations for steady-to-higher cash prices by week’s end, said traders. Thursday’s wholesale beef price upswing, short-covering and year-end positioning furthered market advances, they said. December live cattle, which will expire on Friday, closed 2.525 cents/lb. higher at 124.55


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME hogs ease from 10-month top on lower cash prices

Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a 10-month high, weakened by profit-taking and less money paid by packers for slaughter-ready, or cash, hogs, said analysts. February closed 0.5 cent lower at 71.025 cents (all figures US$). April ended down 0.1 cent, at 75.275 cents. Processors need fewer animals

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle surge on beef demand, cash price hopes

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, driven by strong wholesale beef values that generated cash price optimism for this week, said traders. Investors bought deferred months and simultaneously sold December futures before its Dec. 29 expiration. Fund buying contributed to market advances. December live cattle finished up


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle mostly lower after USDA report

Chicago | Reuters — The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle on Feed report, said traders. USDA’s data showed more cattle than expected entered feedlots in November than a year ago, which analysts attributed to low-cost feed

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show