(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs slump on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.6 cent/lb. lower at 116.775 cents, and below the 10-day moving average of

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Firmer beef quote rallies CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. February live cattle closed 1.45





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end firmer

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Thursday, helped by technical buying and this week’s steady-to-firmer cash prices, said traders and analysts. They said the prospect of increased supplies capped back-month futures advances. February live cattle closed 0.875 cent/lb. higher at 117.65 cents, and above the 40-day moving average

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Initial cash prices drop CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, pressured by softer wholesale beef values and some preliminary cash prices that fell short of expectations, traders said. They said sell stops and fund liquidation compounded market losses. February live cattle closed 0.9 cent/lb. lower at 116.775 cents, and April 1.75





(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs extend gains on packer demand

Chicago | Reuters — U.S. lean hog futures extended gains to a fresh seven-month high on Thursday, lifted by strong pork packer demand, while cattle futures also climbed in a short-covering rebound from Wednesday’s multiweek lows, traders and analysts said. Traders continued to bull-spread Chicago Mercantile Exchange lean hogs, with the front-month February contract hitting

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs jump on pork gains

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged three per cent to a seven-month high on Tuesday as rising pork and cash hog prices triggered investment fund and chart-based futures buying, traders and analysts said. CME live and feeder cattle futures fell to multi-week lows, pressured by ample cattle supplies. The U.S.