(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking, beef quotes drop CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle gain on bargain-buying

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures gained about one per cent on Monday, rebounding from earlier losses on support from a round of bargain buying, traders and analysts said. Feeders fell to a 3-1/2-week low before reversing higher, while live cattle tested Friday’s multiweek low and then turned higher



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle turn lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday gave back some of Wednesday’s gains, pressured by profit-taking and technical selling, said traders. They said early-session futures buying subsided after investors digested this week’s cash prices. February live cattle closed 0.6 cent/lb. lower at 115.075 cents (all figures US$). April ended down



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME lean hogs retreat from four-month high

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs settled lower on Tuesday after profit-taking and fund liquidation dropped futures from an early-session four-month high, said traders. February hogs ended 2.65 cents/lb. lower at 63.5 cents (all figures US$). April closed down 1.175 cents, to 66.9 cents. Both contracts finished below their respective 10-day moving