Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated […] Read more
Tag Archives beef demand
U.S. livestock: CME live cattle climb to one-month top
U.S. livestock: CME live cattle limit down on profit-taking
Chicago | Reuters –– Chicago Mercantile Exchange nearby live cattle futures on Friday finished down their three-cent daily price limit, hit by profit-taking after spiking this week to new highs, […] Read more
U.S. livestock: Cattle rise as cash prices surge
Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust […] Read more
U.S. livestock: Strong beef demand lifts live cattle to one-year high
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this […] Read more
U.S. livestock: Funds, beef demand fuel CME live cattle rally
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Tuesday, driven by fund buying and brisk wholesale beef demand, said traders. They said deferred-month contracts’ […] Read more
Klassen: Feeder cattle prices climbing
Western Canadian feeder cattle markets were trading $5-$7 above week-ago levels, with higher-quality cattle trading as much as $10 higher. It’s difficult to quarrel with one’s bread and butter; feedlot […] Read more
Klassen: Feeder cattle markets establish fundamental equilibrium
Western Canadian feeder cattle markets were relatively unchanged from week-ago levels as most auction barns held featured or pre-sort calf sales. However, premiums of $3 to as much as $8 […] Read more
Klassen: Feeder market bounces off the lows
Western Canadian feeder cattle markets experienced a week-over-week gain of $5 to $8. Strength in live cattle futures, along with the weaker Canadian dollar, rejuvenated buying interest amongst feedlot operators […] Read more
Cargill profit jumps on beef demand, grain margins
Reuters — Global commodities trader Cargill reported a sharply higher quarterly net profit on Tuesday, helped by rising beef demand and stronger grain trading and processing margins. The privately held […] Read more
Klassen: Feeder market drops on fed cattle weakness
Alberta packers were buying fed cattle in the range of $128-$130 this past week — the lowest levels since December 2013 and down nearly $18 from a month ago. Weekly […] Read more