Insights and Stories on Beef Cattle

Oct. 8, 2015 at 5:45 pm CDT

Chicago | Reuters — CME Group, the world’s largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday. Late on Wednesday the Chicago Mercantile Exchange raised its […]

By Theopolis Waters

Oct. 7, 2015 at 7:17 pm CDT

Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter […]

By Karl Plume

Oct. 7, 2015 at 2:58 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So […]

By Theopolis Waters

Oct. 6, 2015 at 3:23 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading […]

By Theopolis Waters

Oct. 5, 2015 at 7:33 pm CDT

Western Canadian feeder cattle prices were traded $15 to $25 below week-ago levels, suffering one of the largest declines in history. Heavier replacement cattle led the market lower, trading down $20 from week-ago levels, while feeders under 600 pounds dropped $10 to $12 on average. Feedlot operators pulled in the […]

By Jerry Klassen