Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its U.S. beef and pork units in the second quarter, according to an earnings statement on Thursday. Still, it beat analysts’ forecasts. JBS reported a 4.6 […] Read more
JBS quarterly profit falls almost 10 per cent but tops estimates
Cattle prices 'above the expected level'
Klassen: Alberta yearling market makes fresh 52-week high
The western Canadian feeder cattle market is in price discovery mode. There was a light test of yearlings and calves this past week, with prices setting fresh 52-week highs. New-crop supplies of grass cattle are coming on the market from drier pockets of Alberta. At the same time, regular feedlot backgrounded replacements are trading at […] Read more
U.S. livestock: Cattle, hog futures firm
Chicago | Reuters – Chicago Mercantile exchange live cattle futures firmed to their highest in more than three months on Friday, while hog futures edged back toward the 13-1/2-month high hit on Wednesday. CME August live cattle futures LCQ2 settled 0.175 cent higher at 137.875 cents per lb, with the front-month contract LCc1 hitting its highest since April 29 during the […] Read more
U.S. livestock markets: Live cattle futures little changed after Wednesday high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little […] Read more
U.S. livestock: Live cattle futures hit highest since late April
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to their highest in more than three months on Wednesday, supported by concerns that supplies of higher end cuts of meat will tighten in the coming weeks, traders said. CME August live cattle futures LCQ2 settled 1.325 cents higher at 137.9 cents per lb […] Read more
Klassen: Light test of feeder cattle reflects hot demand
Compared to last week, Western Canadian yearling prices were relatively unchanged; prices for mid-weight calves were $2 to $5 higher. Calves under 550 pounds were up $6 to $8 on average while feather light bawlers were up a sold $10 above week-ago levels. Weaker feed grain prices along with strength in the deferred live cattle […] Read more
U.S. livestock: Live cattle, feeder cattle futures rise; lean hogs end lower
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Monday, supported by rising feeder cattle values and firm wholesale beef prices as Labor Day, the last big grilling holiday of summer, approaches. CME August live cattle futures LCQ2 settled up 0.325 cent at 136.775 cents per lb and the most-active October […] Read more
U.S. livestock: Live cattle firms on firm beef demand; cash market lifts hogs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed on Friday, supported by robust beef prices that are likely to remain strong as retailers prepare for Labor Day demand through the month of August. “The retailer will have beef going into the meat case, and that’s going to keep the product market together,” […] Read more
U.S. livestock: Hog futures gain as cash index climbs
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures climbed on Wednesday, after being lower for two days, supported by a strong cash market, as analysts watch for market-ready hog numbers to begin seasonally moving higher. “The cash hog strength is impressive,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. CME’s nearby August lean […] Read more
U.S. livestock: Cattle futures ease as ranchers push forward marketing amid drought
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by softening cash cattle prices as ranchers trim herds amid prolonged drought in the Southern U.S. Plains. “Marketing is getting pushed forward. Cows are being sent to market because of herd liquidation,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
Cyber-Savvy Farmer
