Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded $3 higher to $3 lower on average. The yearling run is well underway and there was no shortage of buying interest. Finishing feedlots were very aggressive on quality packages coming fresh off grass. Once again, buyers focused on local cattle, causing […] Read more
Klassen: Yearling market holding value
U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking
Hogs 'stretched out technically last week'
Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more
U.S. livestock: Lean hogs climb on bullish pork export prospects
Live cattle continue following hogs higher
Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more
U.S. livestock: Hog futures limit up on pork export optimism
CME live cattle follow lean hogs higher
Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more
U.S. livestock: Hog futures rise as cash values firm
Live cattle follow cash cattle, beef prices lower
Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more
Online cattle sales on the rise, but live auctions not going anywhere
Internet auctions were key at the start of pandemic but live sales are only down slightly
Reading Time: 3 minutes The pandemic has boosted the use of online auctions but selling cattle the old-fashioned way isn’t about to disappear, says a veteran auctioneer. “Sales at the auction market are down slightly but not a lot,” said Jason Danard, vice-president of Strathmore-based Calgary Stockyards and head of its online division, The Electronic Auction Market, which is […] Read more
U.S. livestock: Cattle futures rise on expectations of firm cash values
Hog market appears technically overbought
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more
U.S. livestock: Hog futures hit four-month high on export hopes
Post-Labour Day beef demand in doubt
Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more
U.S. livestock: Hogs hit four-month high on strong export sales
CME cattle lower on demand uncertainty
Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more
U.S. livestock: Live cattle touch late-July lows on demand jitters
U.S. pork export data due out Thursday
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday dropped to their lowest prices since July amid uncertainty about how much U.S. demand will decline as the summer grilling season draws to a close. Beef and cattle prices are often weak this time of year as demand weakens. This year, closures of […] Read more
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