(Canada Beef Inc. photo)

U.S. livestock: CME live cattle gain on firmer beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled moderately higher on Wednesday, with help from short-covering and improved wholesale beef values, said traders. December received added support from fund buying after the contract topped the 10-day moving average of 109.648 cents (all figures US$). October live cattle finished up 0.275 cent/lb. at

(File photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle mostly firm on short covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly higher on Friday, lifted by end-of-week short covering following a decline to nine-month lows a day earlier, traders said. Futures, however, remain anchored by plentiful supplies of market-ready cattle and weak cash markets as fed cattle in the U.S. Plains this week traded






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle snap back from nine-month low

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Thursday after short-covering and bargain buying rescued futures from a nine-month low earlier in the session, said traders. Technical buying and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday provided more market support. August, which will expire



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle break four-session losing skid

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent/lb. higher at 106.725 cents (all figures


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle at nine-month low for third straight session

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased to their lowest level in nine months on Monday as the seasonal supply build-up pressured wholesale beef prices for a third consecutive session, traders said. They said bullish traders worried that plentiful cattle numbers might again result in lower prices for slaughter-ready, or cash,

(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