Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled on Monday as investors reduced risk and after the U.S. Department of Agriculture (USDA) last week confirmed producers placed more animals into feedlots in December, analysts said. USDA said cattle producers placed 1.96 million head in feedlots last month, up six per cent from a […] Read more
U.S. livestock: CME cattle sink to November lows
Lean hogs set contract high
Drought assistance deadline is Jan. 31
Reading Time: < 1 minute Phase 2 of the emergency drought relief program for livestock producers is now taking applications — but only until Jan. 31. Producers hit by drought were eligible for a payment of $94 per breeding cow in the first round. In the second phase, they can get an additional payment for extraordinary feed costs (to a […] Read more
U.S. livestock: Hog futures surge to highest in over three months
U.S. cattle counts up from last year
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing […] Read more
U.S. livestock: Hog futures touch highest since mid-October
CME cattle futures down on day
Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest in more than three months on Thursday, supported by strength in the cash markets, traders said. Most actively traded February lean hogs rose 2.625 cents, to 84.925 cents/lb. (all figures US$). The front-month contract closed just below its session peak of 84.975 […] Read more
U.S. livestock: Cattle and hog futures firm
Meat supplies remain tight
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures rose on Wednesday, with tight supplies supporting prices after a slowdown in the pace of slaughter. Most actively traded February lean hogs rose 0.7 cent, to 82.3 cents/lb. Hog futures have risen for three days in a row, their longest streak of gains […] Read more
South Korea lifts temporary suspension of Canadian beef
Reuters — South Korea is lifting its temporary suspension of Canadian beef imports that it imposed after Canada detected a case of bovine spongiform encephalopathy (BSE) in December, federal Agriculture Minister Marie-Claude Bibeau said Wednesday. South Korea halted the shipments after Canada last month reported its first BSE case in six years. China and the […] Read more
U.S. livestock: CME cattle futures weak
Hog futures firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, with mild profit-taking noted after rallying in three of the previous four sessions. Hog futures were firmer, extending their rebound from the five-week low hit last week. Most actively traded February lean hogs rose 0.7 cent to 81.6 cents/lb. (all figures US$). […] Read more
Beef research council aims to inform, and challenge producers
Not surprisingly, drought figured heavily in Beef Cattle Research Council’s top articles of the year
Reading Time: 3 minutes It’s no surprise that drought was the most common theme when the Beef Cattle Research Council put together a list of its Top 10 blogs for 2021. The website of the council was, after all, created to help producers “make informed decisions about their production practices” and so half of the Top 10 articles offered […] Read more
Klassen: Feeder market remains firm
Compared to last week, western Canadian yearling prices were steady to $3 lower on average; calves were relatively unchanged but limited numbers were on offer. Strength in the Canadian dollar appeared to temper demand from south of the border in the 750-plus-lb. weight categories. Last week was the first full week of sales in both […] Read more
U.S. livestock: Hog futures rebound, slaughter pace still weak
CME February live cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced back on Friday, though analysts said U.S. staffing shortages caused by COVID-19 infections continued to limit meat production. Most actively traded February lean hogs touched a one-week high and ended 3.05 cents stronger at 80.9 cents/lb. (all figures US$). The contract recovered after falling […] Read more
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