Chicago Mercantile Exchange live cattle futures ended firmer on Friday, helped by higher cash prices, traders said. Packers in Texas and Kansas paid $132 per hundredweight (cwt) on Friday for cash or slaughter-ready cattle, $1 higher than last week, feedlot sources said (all figures US$). Generally tight cattle supplies in the near term and recent […] Read more
U.S. livestock: Cash prices lift live cattle futures
U.S. livestock: Live cattle pressured by profit-taking
Chicago Mercantile Exchange live cattle futures dipped on Tuesday on profit-taking as wholesale beef prices slipped and beef packer margins remained negative, traders said. Beef packer margins improved slightly on Tuesday, but were still in the red as lower wholesale prices squeezed profits. Choice wholesale beef values early on Tuesday were down 22 cents from […] Read more
U.S. livestock: CME live cattle end lower on weaker cash prices
Chicago Mercantile Exchange (CME) live cattle futures ended lower on Thursday dragged down by weaker cash cattle trade, analysts and traders said. U.S. Plains cash cattle traded at $131 per hundredweight (cwt), $1 lower than the previous week, feedlot sources said (all figures US$). There were more cattle for sale this week due to a […] Read more
U.S. feedlot cattle placements rise as feed costs decline
The number of cattle placed in U.S. feedlots in September increased one per cent from a year earlier, a government report showed Oct. 31. Analysts attributed the rise to lower-priced corn, which reduced the cost of fattening cattle in feedlots. Also, higher prices for slaughter-ready cattle improved margins and drew more animals into feedlots. The […] Read more
U.S. feedlot cattle placements rise as feed costs declined
The number of cattle placed in U.S. feedlots in September increased 1 percent from a year earlier, a government report showed on Thursday. Analysts attributed the rise to lower-priced corn, which reduced the cost of fattening cattle in feedlots. Also, higher prices for slaughter-ready cattle improved margins and drew more animals into feedlots. The U.S. […] Read more
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