In a market profile, trader Peter Steidlmayer clarified that markets go up because there is no selling and markets go down because there is no buying. Western Canadian feeder markets […] Read more
Tag Archives feeder cattle
Klassen: Feeder market lacks buying interest
U.S. livestock: Live cattle rally to three-week high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for a third consecutive session to their highest level in three weeks, fueled by Friday’s strong cash prices and […] Read more
U.S. livestock: Cattle hit two-week high on technical buying
Chicago | Reuters — U.S. live cattle futures climbed to a roughly two-week high on Friday, boosted by chart-based buying ahead of a government supply report that was released after […] Read more
U.S. livestock: Cattle futures limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped their three cents daily price limit while feeder cattle also rose sharply as traders exited short positions on expectations […] Read more
U.S. livestock: Cattle fall as beef prices tumble
Chicago | Reuters — U.S. live cattle futures fell the most in 1-1/2 weeks on Wednesday in a selloff linked to lacklustre demand from meat packers and government data that […] Read more
U.S. livestock: Hog futures stumble as supplies grow
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday slumped for a third consecutive session, weakened by already ample supplies as Smithfield Foods’ East Coast plants return […] Read more
Klassen: Feeder market aggressively searches for demand
A boulder falling off a mountain accelerates and gains momentum as it nears the ground. Until we see another force come into play, there’s no signal the lows are near […] Read more
U.S. livestock: Cattle extend gains on technical buying
Chicago | Reuters — U.S. live and feeder cattle futures climbed more than one per cent on Monday, adding to gains in the previous session, on technical buying and expectations […] Read more
U.S. livestock: Cattle gain on short-covering after six-year lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose more than one per cent on Friday, boosted by short-covering as traders took profits on bearish bets after prices […] Read more
U.S. livestock: Cattle plumb new lows on technical selloff
Chicago | Reuters — U.S. cattle futures tumbled two per cent on Thursday, extending losses to six-year lows on pressure from technical selling and weak prices in cash cattle markets, […] Read more
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