Insights and Stories on Beef Prices

May. 17, 2017 at 6:16 pm CDT

Chicago | Reuters — U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will […]

By Michael Hirtzer

May. 15, 2017 at 8:57 pm CDT

Western Canadian feeder cattle markets traded $3-$5 above week-ago levels although lighter weight categories experienced week-over-week gains of $8 to as much as $12. The fed cattle market went through a correction, with live sales quoted from $181 to $186, down from the last week average trade of $195. This […]

By Jerry Klassen

May. 15, 2017 at 4:05 pm CDT

Chicago | Reuters –– U.S. cattle futures eased on Monday, with live cattle shedding two per cent and feeders dropping for the fourth time in the last five sessions in a technical selloff, traders and analysts said. Investors continued to take profits on long positions as cattle declined from their […]

By Michael Hirtzer

May. 4, 2017 at 7:53 pm CDT

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 […]

By Theopolis Waters

May. 3, 2017 at 4:42 pm CDT

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 […]

By Theopolis Waters