Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more
U.S. livestock: CME live cattle up on firm cash, speculative buying
February lean hogs end lower
U.S. livestock: CME live cattle up ahead of monthly USDA report
Lean hogs mostly up in technical trading
Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday for a third straight session on steady to firmer cash cattle markets and position-squaring a day ahead of a monthly U.S. government feedlot report, analysts said. Most-active CME February live cattle futures settled up 1.15 cents at 155.4 […] Read more
U.S. livestock: CME live cattle, lean hog futures end higher
Grain values' slip spurs buying
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) ended higher on Wednesday as expectations of tightening cattle supplies and a setback in grain prices sparked a round of buying, traders said. The most-active CME live cattle futures, for February delivery, settled up 1.2 cents at 154.25 cents/lb., a day after […] Read more
Feed situation is much improved this year but far from perfect
The supply levels are good but feed isn’t cheap, and most pastures need some serious moisture
Reading Time: 4 minutes Craig Lehr has been able to source the forage and feed he needs this year for Short Grass Ranches, a backgrounding feedlot he co-owns near Medicine Hat. Still, finding feed and forage for the 7,000-head feedlot, plus its 1,100-head cattle herd, was not an easy task. “The ground situation is still pretty bleak,” said Lehr, […] Read more
U.S. livestock: CME feeder cattle near one-month low as corn jumps
Hogs up on China demand optimism
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures neared a one-month low on Tuesday as rising grain prices signaled risks for increased costs for livestock feed, brokers said. Unconfirmed reports that Russian missiles crossed into NATO member Poland fueled gains in corn, wheat and soy futures as traders worried about escalating geopolitical tensions. […] Read more
Klassen: Adverse weather limits demand for calves
Stronger Canadian dollar adds pressure
Compared to last week, western Canadian yearling prices were steady to $2 higher. Calves traded steady to $10 lower in Alberta while markets in Saskatchewan and Manitoba were quoted $5 lower to $2 higher. Adverse weather resulted in a softer tone for calves with Lethbridge temperatures dipping to -25 to -33 C last week. The […] Read more
U.S. livestock: CME live cattle end mostly lower
December, February hog futures up
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but the spot […] Read more
U.S. livestock: CME futures fall on grain rally
Beef cutout price drops
Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures slid on Friday as grain futures rallied, underpinned by strong commodities and equities markets, brokers said. The downward trend started when live cattle markets took a hit earlier in the day, when the feeder cattle traders began selling off their positions as corn futures firmed […] Read more
U.S. livestock: CME cattle firm as grain markets pressured
Hogs under seasonal price pressure
Chicago | Reuters — Live cattle futures firmed at the Chicago Mercantile Exchange (CME) on Thursday, as grain markets came under pressure from investor profit-taking even as the U.S. dollar tumbled on news U.S consumer prices rose less than expected in October, brokers said. December live cattle settled 1.5 cents higher at 153.075 cents/lb. February […] Read more
U.S. livestock: CME live cattle settle lower as Wall Street slides
Feeder cattle, lean hogs also weaker
Chicago | Reuters — Live cattle futures slipped at the Chicago Mercantile Exchange (CME) on Wednesday as the market came under pressure from steep losses in equities and a lack of supportive news, brokers said. December live cattle settled 1.475 cents lower at 151.575 cents/lb. (all figures US$). February live cattle dropped 0.625 cent to […] Read more
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