CME feeder, live cattle futures fall on profit-taking, inventory uncertainties
USDA said estimated cattle slaughtering fell to 95,000 on Monday, down 9.5% from a week earlier. Boxed beef prices also firmed.
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US cash millfeed prices steady to down in east, steady in west
Cash millfeed prices were steady to down in the eastern United States, with prices too high for Canadian buyers, while demand remained higher in the western markets from buyers making catfish and creep feed for cattle breeding operations. Benchmark Chicago Board of Trade December corn futures settled up 13-1/2 cents at
Cattle futures steady ahead of USDA Cattle on Feed report
Live cattle futures were unchanged in early trading ahead of the USDA Cattle on Feed report later today. A WSJ survey expects total cattle on U.S. feedlots to be higher, up 1.8 percentage points from the same time last year.
Cattle futures string together impressive week as Lean Hogs slide.
Livestock markets end the week with mixed momentum as Cattle futures extend their upward move while Lean Hogs struggle. October Live Cattle futures closed $1.85 higher to $219.67, gaining $7.50 on the week amid lighter cash cattle trade and mixed wholesale box beef reports. Feeder Cattle futures also surged, with the O
Technical Buying Slows In Mixed Livestock Trade
Virginia McGathey of McGathey Commodities breaks down the latest moves across the livestock sector. Live Cattle futures saw mixed action as choppy box prices slowed recent technical buying, leaving the uptrend rebound intact but pushing the October contract lower. Feeder Cattle futures found support from steady cash pr
Livestock futures rally; net cattle longs hit two-year low
Live Cattle futures posted broad gains, backed by a firm wholesale boxed beef report (Choice cuts rise $1.30 to $377.47). Feeder Cattle October jumped $5.30, while COT data showed net cattle longs around 8,400 contracts.
Feeder cattle futures plunge on import and cash weakness
Feeder Cattle futures extend a sharp sell-off, driven by a $35 cash price drop over the past month and net selling by commercial traders, while Live Cattle falls on beef import quota announcements.
Cattle Futures Steady
Live Cattle futures hold steady
Live Cattle futures rebounded after early-week losses.
Live Cattle futures and Feeder Cattle futures rebounded in Tuesday's session following sharp early-week losses. October Live Cattle futures closed higher near the top of the day's range, while September Feeder Cattle futures also posted strong gains. Lean Hog futures saw strength across deferred contracts. Meanwhile, U
Feeder Cattle futures fell while lean hog futures advanced.
Feeder Cattle futures closed lower while August Live Cattle futures posted modest gains in a mixed trading session. Cash steer prices softened slightly to 238.28, though the pace of recent cash market declines appeared to slow. Meanwhile, daily slaughter held steady at 106,000 head. Market participants are turning thei
Live Cattle futures fell to mark fourth weekly loss.
August Live Cattle futures suffered their 15th consecutive lower close, dropping $2.65 on the session and finishing the week down $10.77. This marks the fourth straight week of declines and the longest losing streak since October. August Feeder Cattle futures also slipped, closing at 345.95, down $8.65 for the week. In
Feeder Cattle futures found support as Lean Hogs traded mixed.
Virginia McGathey reviews the latest action in livestock markets, starting with steady Live Cattle futures as the August contract maintains a discount to cash. She highlights the upcoming launch of the CME beef trim contract on July 20 as a new volatility management tool for the beef complex. Feeder Cattle futures foun