Chicago | Reuters – U.S. cattle futures fell on Thursday in a turnaround from multi-month highs reached the previous session. Chicago Mercantile Exchange (CME) December live cattle ended 1.075 cents lower at 117.225 cents per pound after reaching 118.600 cents on Wednesday, its highest since April 25. CME most-active January feeder cattle futures slipped 0.125 […] Read more
U.S. livestock: Cattle futures retreat from multi-month highs
U.S. livestock: Live cattle futures jump on fund-driven buying
Chicago | Reuters – U.S. live cattle futures rose more than 1 percent on Wednesday to fresh multi-month highs and feeder cattle futures surged 2 percent on what traders said was a combination of fund-driven buying and signs of strength in the cash cattle market. Chicago Mercantile Exchange (CME) December live cattle ended 1.475 cents […] Read more
U.S. livestock: Live hogs slump on U.S.-China trade uncertainty, cattle continue rally
Chicago | Reuters – U.S. live hog futures slid on Tuesday amid conflicting news about U.S.-China trade talks next month, traders said, while cattle futures continued to rally on funds’ adding to their positions. So far, beef demand is showing no sign of waning, according to federal government data. The wholesale choice beef cutout price […] Read more
Klassen: Feeder cattle market stabilizes
Compared to last week, Western Canadian feeder cattle markets traded $2 to $3 on either side of unchanged. Most auction barns held feature sales over the past week and steady demand was noted across the prairies. Calves appeared to gain momentum late in the week with favorable weather enhancing buying interest; however, yearlings were quite […] Read more
U.S. livestock: Live cattle continue to rally on strong cash prices, fund buying
Chicago | Reuters – U.S. live cattle futures extended their rally on Monday, lifted by strong cash cattle and beef prices, and funds continuing to add to their positions, traders said. The wholesale choice beef price hit $227.51 per cwt on Monday, up $2.07, the U.S. Department of Agriculture (USDA) said. The wholesale select beef prices rose […] Read more
U.S. livestock: Live cattle rally to 5-1/2 month peak on firm cash cattle, beef prices
Chicago | Reuters – U.S. live cattle futures stretched to 5-1/2-month highs on Friday, lifted by strong cash cattle and beef prices and positioning ahead of a monthly cattle supply report. Cash cattle at southern U.S. Plains feedlot markets traded around $110 per cwt or more this week, up from an average of $108 last […] Read more
U.S. livestock: Lean hogs sink on weak cash market
Chicago | Reuters – U.S. lean hog futures fell for the sixth time in seven sessions on Thursday, pressured by weak cash hog prices and disappointing export data that showed minimal new sales of U.S. pork to China. Ample supplies of hogs and higher average slaughter weights have swelled pork supplies while demand from China, […] Read more
Canada’s beef sector gets an updated strategic plan
Reading Time: < 1 minute An updated five-year plan for the Canadian beef sector will “take advantage of the opportunities facing the industry while simultaneously addressing the challenges.” The 2020-24 National Beef Strategy, a follow-up to a 2015-19 strategy, was developed by the Canadian Beef Advisors, formed by the seven national beef organizations. “The National Beef Strategy has provided real […] Read more
Fall beef producers’ meetings set to begin
Meetings kick off Thursday, Oct. 24
Reading Time: < 1 minute Alberta Beef Producers is reminding its members that its slate of fall meetings is getting underway. “ABP prides itself on being an organization of producers, run by producers, speaking and working on behalf of the cattle and beef producers in Alberta,” the organization said in a recent e-newsletter. Twenty-five meetings are being held across the […] Read more
Klassen: Feeder market experiences bouncing behaviour
Compared to last week, western Canadian yearling markets traded $2-$4 higher on average; calves traded $2 to as much as $6 higher. The feeder market has recovered after a softer tone earlier in October. Favourable weather in southern Alberta over the past week caused Lethbridge-area feedlots to step forward more aggressively, especially in the lighter […] Read more