Insights and Stories on Beef

U.S. livestock: CME cattle mixed, cash-futures spread remains wide

Apr. 21, 2023 at 8:15 pm CDT

Chicago | Reuters — The Chicago Mercantile Exchange’s spot live cattle futures eased on Friday, after prices in some cash cattle markets dipped lower than last week, traders said. Still, traders cautioned, the spread between cash and deferred futures prices remains wide — a spread that could tighten in the […]

U.S. livestock: Volatility roils CME cattle market

Apr. 20, 2023 at 6:16 pm CDT

By P.J. Huffstutter

U.S. livestock: CME lean hogs touch new lows on fat supplies

Apr. 19, 2023 at 4:49 pm CDT

By P.J. Huffstutter

U.S. livestock: CME feeder cattle hit new highs

Apr. 18, 2023 at 4:54 pm CDT

By P.J. Huffstutter

JBS to pay US$25 million in latest beef price-fixing settlement

Apr. 17, 2023 at 7:34 pm CDT

By Mike Scarcella

U.S. livestock: CME feeder cattle hit new highs on supplies, cash market

Apr. 17, 2023 at 5:21 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures hit new all-time highs in the nearby contracts on Monday, as bidding wars continue to rally cash prices as more producers show interest in expanding their herds, traders said. The rally helped give a boost to the pork market, where […]

By P.J. Huffstutter

U.S. livestock: CME live cattle pull back from all-time highs

Apr. 14, 2023 at 7:06 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Friday after racing to all-time highs during the previous three sessions as tightening U.S. supplies rallied cash prices. Profit-taking and technical pressured futures following the surge, though the market could still post new highs moving forward, analysts said. […]

By Tom Polansek

U.S. livestock: CME live cattle hit another record high

Apr. 13, 2023 at 6:24 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a record high for the third consecutive session on Thursday as producers held out for higher prices from meatpackers searching for supplies, brokers said. Strong cash prices and tightening supplies have pushed futures above a 2014 record for the […]

By Tom Polansek

U.S. livestock: CME live cattle hit record high as packers scramble for supplies

Apr. 12, 2023 at 5:40 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stormed to an all-time high on Wednesday as meatpackers scrambled to buy livestock at a time when supplies are tightening, brokers said. Ranchers have reduced their herds due to high feed costs and drought in the western U.S., forcing packers […]

By Tom Polansek

U.S. livestock: Cattle futures continue climbing

Apr. 11, 2023 at 7:54 pm CDT

Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures continued climbing Tuesday, with most-active June live cattle again reaching a new contract high. CME June live cattle closed Tuesday at 163.95 cents/lb., up 0.25 cent on the day, while lightly-traded front-month April also closed at a new contract high […]

By Dave Bedard