Insights and Stories on Packers

Jul. 10, 2018 at 7:48 pm CDT

Compared to last week, yearlings traded $3 to as much as $6 higher. While many auction barns were on holidays, buyers had a full deck of orders for the limited supplies on hand. Many buyers and few sellers characterized the market environment. The quality of cattle is quite variable at […]

By Jerry Klassen

Jun. 29, 2018 at 8:17 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the […]

By Michael Hirtzer

Jun. 27, 2018 at 6:18 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, lifted by initial prices for market-ready, or cash, cattle and short-covering after recent market losses, traders said. Thinly traded June futures, which will expire on Friday, led advances. Some investors bought that contract and simultaneously sold deferred […]

By Reuters

Jun. 18, 2018 at 7:23 pm CDT

Chicago | Reuters — U.S. lean hog futures climbed as much as 2.3 per cent on Monday in a bull-spreading rally amid rising cash hog prices and strong demand from pork packers, traders and analysts said. Cattle futures also were mostly higher at the Chicago Mercantile Exchange, boosted by chart-based […]

By Michael Hirtzer

May. 30, 2018 at 4:17 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday settled up its three-cent-per-pound daily price limit, driven by short-covering and fund buying, traders said. They said CME live cattle garnered more support from higher wholesale beef values and future’s discount to early-week prices for market-ready, or cash, cattle. […]

By Reuters