Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle futures on Thursday rose for a third straight day, led by bullish market fundamentals before profit-taking pulled contracts from new highs, said traders. June settled 1.25 cent/lb. higher at 131.3 cents, and spiked by its 4.5-cent expanded trading limit and a new high of 134.55 […] Read more
Tag Archives beef prices — page 8
U.S. livestock: CME live cattle up third straight session
U.S. livestock: CME live cattle soar limit up
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday posted new highs, and nearby months hit their three-cent daily price limit, sparked by brisk beef demand and stronger-than-anticipated cash prices, traders said. June settled at 130.05 cents and August 123.8 — limit up and fresh highs for both contracts (all figures US$). […] Read more
U.S. livestock: Cattle extend gains on fund buying
Chicago | Reuters — U.S. cattle futures extended gains on Wednesday, with most live and feeder cattle contracts hitting lifetime highs on investment fund buying as wholesale beef prices also climbed, traders said. The higher cattle prices came despite expectations for weaker trades this week in U.S. Plains cash cattle markets as some beef packers […] Read more
Klassen: Limited demand means mixed tone for feeders
Western Canadian feeder cattle prices experienced a mixed tone this past week. Heavier weaned calves were trading steady to as much as $4 higher compared to last week; however, shorter-term replacements were steady to $3 lower. Alberta packers were buying fed cattle in the range of $170 to $172, down from week-ago levels of $177. […] Read more
Klassen: Feeder cattle upward trend stalls
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Noticeable slippage was noted in shorter-keep cattle while lighter weight categories experienced spurts of $2-$3 above last week’s prices. Alberta packers were buying fed cattle at $292 on a dressed basis, up about $4-$6 from week-ago levels. However, auction rings experienced a subdued tone […] Read more
Klassen: Feeder cattle continue upward trend
Western Canadian feeder cattle prices traded $3-$5 above week-ago levels with lighter weight categories selling $6 to $8 higher. Alberta packers were buying fed cattle in the range of $286 to $288 on a dressed basis, up from $278 last week. This equates to $172-$174 on a live basis, a solid $35 above break-even pen […] Read more
U.S. livestock: Live cattle hit two-month high on cash optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to two-month highs on Tuesday as wholesale beef prices extended gains, stoking optimism for higher prices this week in Plains cash cattle markets, traders and analysts said. Feeder cattle futures also were higher, while lean hogs fell for the fifth straight session. “There continues […] Read more
U.S. livestock: Cattle hit new highs on technical buying, beef gains
Chicago | Reuters — U.S. live cattle futures climbed to a fresh seven-week high on Friday while feeder cattle reached the highest levels since August on support from technical buying and gains in wholesale beef prices, traders said. Chicago Mercantile Exchange futures tracked gains earlier this week in Plains cash cattle markets, with meat packers […] Read more
U.S. livestock: Live cattle hit seven-week high on packer margins
CORRECTED, March 17 — Chicago | Reuters — U.S. live cattle futures rose to a seven-week high on Thursday, boosted by recent gains in beef prices that increased profit margins for meat packers, traders and analysts said. Technical buying also was noted, with some investors buying back positions in front-month Chicago Mercantile Exchange April live […] Read more
U.S. livestock: Cattle gain on higher beef prices, lower corn
Chicago | Reuters — U.S. cattle futures rose about one per cent on Friday, with feeder cattle extending gains to the third straight session as wholesale beef prices rose and corn prices fell. Higher prices for meat and lower prices for animal feed boost profits in the cattle sector. Greening pastures also increased demand for […] Read more
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