Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened China with sanctions over its […] Read more
U.S. livestock: Lean hogs lower on China tensions
CME live cattle futures mostly higher
Carrying capacity: You gotta know if it can hold ’em
Overgrazing can really hurt productivity, so it pays to know how many cows you can put on a pasture
Reading Time: 3 minutes Struggling with finding the right amount of cattle to graze on a pasture or not sure how many cattle a new rented pasture will hold? The Beef Cattle Research Council now has a calculator to help you with that. There are four basic principles of range management: Balancing forage supply and demand; managing for uniform […] Read more
Klassen: Feeder cattle markets reflect mixed tone
U.S. corn offered into southern Alberta
Compared to the previous week, western Canadian yearling prices were $2-$4 higher on average while calves traded unchanged to as much as $8 lower. Larger feedlot operations were actively bidding for 800-plus-lb. feeders across the Prairies due to the limited supply. Lower volumes were available this past week which was supportive for the market. Southern […] Read more
U.S. livestock: Cattle rise on economic optimism, discount to cash prices
U.S.-China tensions keep hogs in check
Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns […] Read more
U.S. livestock: Cattle, hog futures follow equities higher
August feeder cattle close limit-up
Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated […] Read more
U.S. livestock: Live and feeder cattle futures slip
Thursday's cold storage data seen as disappointing
Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more
U.S. livestock: Hogs, live cattle gain against cash markets
Cold storage meat supplies down slightly, USDA says
Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more
President’s cattle call finds expected marks in U.S.
Trump suggests killing trade pacts with unnamed cattle-exporting nations
U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where […] Read more
U.S. livestock: Live cattle futures slip as slaughter rises
CME lean hog futures firm
Chicago | Reuters — U.S. live cattle futures fell on Wednesday, as cattle continue to back up, despite slaughter plants’ coming back online, traders said. CME lean hog futures firmed despite rising kill numbers, as social distancing rules in plants keep slaughter below normal rates. The nearby CME June live cattle futures contract settled down […] Read more
U.S. livestock: Hog futures fall
Live cattle futures firm while slaughter numbers rise
Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled […] Read more
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