Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s Cattle on Feed report, released after the markets closed. CME lean hog futures also ended lower, correcting after two days of positive movement, as optimism over rising hog slaughter rates strengthened […] Read more
U.S. livestock: Live cattle slide ahead of USDA report
Lean hogs pull back from gains
U.S. livestock: Lean hogs up as slaughter pace reaches pre-COVID levels
Pre-Labour Day buying winds down
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Thursday as slaughter rates returned to levels not seen since processing plants closed from COVID-19 outbreaks among workers this spring. Live cattle futures fell as pre-Labour Day buying wound down and the industry awaited Friday’s monthly Cattle on Feed report from the U.S. […] Read more
U.S. livestock: Live cattle futures firm on wholesale strength
Hogs up as slaughter outpaces year-earlier period
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday as boxed beef prices offered support ahead of the upcoming holiday weekend, traders said. “It’s the main week for retailers to lock up their Labour Day supplies. That’s kept a floor under the cash market,” said Alan Brugler, president of Brugler Marketing. […] Read more
U.S. livestock: Lean hog futures pull back on shaky demand
CME October live cattle remain flat
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid on Tuesday as traders eyed large seasonal hog supplies against uncertain domestic consumption and weak exports. CME October lean hogs settled 2.1 cents lower at 51.425 cents/lb. (all figures US$). “Supplies are large, and there’s always uncertainty about export demand,” said Doug Houghton, analyst […] Read more
Klassen: Yearling demand remains firm
Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots […] Read more
U.S. livestock: Live cattle step back after eight-session climb
Hog sector seen having 'curbed expansion'
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pulled back on Monday in profit taking ahead of the U.S. Department of Agriculture’s Cattle on Feed report at the end of the week, traders said. Live cattle fell for the first day after eight sessions of gains. The pullback reflects uncertainty about the USDA […] Read more
U.S. livestock: Live cattle rise on higher beef prices, grilling demand
CME October hogs also settle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to advance Friday, supported by increasing beef prices and expectations of continued meat demand going into the Labour Day weekend, traders said. Beef prices usually rise heading into the September holiday, when consumers often barbecue either at home or with family and friends. Beef […] Read more
U.S. livestock: Live cattle gain as slaughter rates, beef exports rise
October lean hogs up three-quarters of a cent
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more
Bovine TB probe wraps with no exact point of entry found
'More stringent' tests now being run on U.S. rodeo cattle imports
Federal inspectors have formally closed the book on a 2018 outbreak of bovine tuberculosis (TB) in a British Columbia cattle herd, but with “no definitive source of infection” found. The probe dates back to October that year, when a beef cow of an unknown age, from a cow-calf operation in B.C.’s southern Interior, was culled, […] Read more
U.S. livestock: Live cattle set five-month high, beef prices rise more
USDA cuts pork production forecast
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures leapt to a five-month high on Wednesday and feeder cattle futures neared a six-month peak as boxed beef prices continued to rise. Meatpackers are paying more for cattle due to the strength of the beef market, traders said. Prices typically rise heading into Labour Day, […] Read more
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