Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday, as continued strength in wholesale prices eased concerns about consumer demand - even as investors grew nervous about ongoing inflationary concerns and rising consumer prices, traders said.
U.S. livestock: CME livestock futures turn higher amid rising wholesale prices
Klassen: Buyers step back on feeder cattle due to bird flu
Compared to last week, Western Canadian feeder cattle markets traded $4-$8/cwt lower while some packages of heavier replacements dropped as much as $12/cwt, and three main factors led to weaker prices.
U.S. livestock: CME live cattle futures rise on wholesale prices, technical trade
Chicago Mercantile Exchange (CME) live futures turned higher on Monday, as a flurry of technical trading and strength in wholesale prices helped contracts rebound off recent months' lows, traders said.
U.S. livestock: Cattle tumble ahead of weekend on bird flu fears
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.
U.S. grains: Cattle end lower on beef demand concerns, hogs higher
Chicago Mercantile Exchange live cattle futures fell to a fresh two-month low on Wednesday on technical selling and fund liquidation, as investors gauged whether beef demand would suffer amid recent news of avian influenza in dairy cattle.
U.S. livestock: Cattle claw back some losses after bird flu selloff
Chicago Mercantile Exchange cattle futures rebounded on Tuesday as traders reassessed the market after worries about cattle infected with avian influenza had triggered a sharp selloff a day earlier.
Klassen: Feeder market resumes the climb
For the week ending March 30, Western Canadian feeder cattle markets traded $4 to $6 higher on average. Fleshier backgrounded yearlings were relatively unchanged. Buyers were fairly cautious on backgrounded heifers with some packages actually softer than seven days earlier. Larger strings of quality genetic, low flesh steers were up $6 to as much as $10 in some cases. Weaned, premium, calves were up a solid $5 to $6 on average.
U.S. livestock: CME cattle plunge as bird flu fears spark speculative selloff
Chicago Mercantile Exchange live and feeder cattle futures plunged on Monday on market uncertainty following news of a human case of avian influenza in a person who had contact with infected dairy cows.
Cargill renews top-up payment for CRSB-certified beef
Cargill and its customers have renewed a program that would ensure beef producers receive at least $400 for being certified under the Canadian Roundtable for Sustainable Beef (CRSB).
Feed Grain Weekly: Barley prices up weeks before seeding
Southern Alberta is seeing a slight bump up in feed barley prices, according to one trader.