Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.
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U.S. livestock: Live cattle extend recovery
Klassen: Adverse weather weighs on Western Canadian feeder market
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.
U.S. livestock: Cattle futures sink to multi-month lows
Technical selling, fund liquidation and demand concerns drove Chicago Mercantile Exchange cattle futures to multi-month lows on Friday, analysts said.
U.S. livestock: Cattle futures turn higher, hog futures rebound
Chicago Mercantile Exchange (CME) cattle futures firmed on Thursday, bolstered by technical trading and anticipated consumer demand going into the grilling season, analysts said.
U.S. livestock: CME livestock futures turn higher amid rising wholesale prices
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday, as continued strength in wholesale prices eased concerns about consumer demand - even as investors grew nervous about ongoing inflationary concerns and rising consumer prices, traders said.
Klassen: Buyers step back on feeder cattle due to bird flu
Compared to last week, Western Canadian feeder cattle markets traded $4-$8/cwt lower while some packages of heavier replacements dropped as much as $12/cwt, and three main factors led to weaker prices.
U.S. livestock: CME live cattle futures rise on wholesale prices, technical trade
Chicago Mercantile Exchange (CME) live futures turned higher on Monday, as a flurry of technical trading and strength in wholesale prices helped contracts rebound off recent months' lows, traders said.
U.S. livestock: Cattle tumble ahead of weekend on bird flu fears
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.
U.S. livestock: Live cattle end firm as bird flu selloff seen overdone
Chicago Mercantile Exchange live cattle futures firmed on Thursday in a bargain-buying rebound from the prior session's two-month lows, as some investors deemed the recent drop in prices to be overdone.
U.S. grains: Cattle end lower on beef demand concerns, hogs higher
Chicago Mercantile Exchange live cattle futures fell to a fresh two-month low on Wednesday on technical selling and fund liquidation, as investors gauged whether beef demand would suffer amid recent news of avian influenza in dairy cattle.
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