Insights and Stories on Cattle Futures

Jun. 25, 2015 at 3:59 pm CDT

Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest […]

By Theopolis Waters

Jun. 24, 2015 at 3:35 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle losses on Tuesday spilled over into Wednesday, pressured by sell stops and fund liquidation despite sharply higher wholesale beef values, traders said. June closed 1.325 cents per pound lower at 150.675 cents (all figures US$). August finished down 1.5 cents at […]

By Theopolis Waters

Jun. 23, 2015 at 3:32 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle turned lower on Monday, pressured by profit-taking and futures’ modest premiums to last week’s cash prices, traders said. June closed 0.45 cent per pound lower at 152 cents, and August was down 0.075 cent, to 151.825 cents (all figures US$). Futures […]

By Theopolis Waters

Jun. 22, 2015 at 6:51 pm CDT

Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt […]

By Jerry Klassen

Jun. 22, 2015 at 5:18 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, reversing initial weakness helped by short-covering and the morning’s wholesale beef price bounce, traders said. June closed up 0.55 cents per pound at 152.45 cents, and August 1.225 cents higher at 151.9 cents (all figures US$). […]

By Theopolis Waters