Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, on profit-taking ahead of the U.S. Department of Agriculture’s cattle-on-feed report Friday afternoon, traders said. USDA’s report is expected to show the number of cattle placed in feedlots in May declined from a year ago as high-priced calves deterred feedyards from buying […] Read more
U.S. livestock: CME live cattle futures slide before USDA report
U.S. livestock: Strong cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Thursday in response to stronger-than-expected prices for market-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $150 per hundredweight (cwt), up $2 from last week, according to feedlot sources (all figures US$). Investors had anticipated weaker cash returns […] Read more
U.S. livestock: CME feeder cattle limit down on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Wednesday settled down their three-cent daily price limit on profit-taking, traders said. Lower live cattle future and fund liquidation hastened CME feeder cattle losses, they said. Feeder cattle futures reflect worries about how to make high-priced calves work with current market-ready cattle values and […] Read more
U.S. livestock: Lower cash price outlook pulls down CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday in anticipation of a seasonal bump in supplies that could pressure prices for market-ready or cash cattle, traders said. “It seemed like we delayed some bad news,” said EBOTTrading.com senior analyst John Kleist. Stronger-than-usual beef clearance leading up to Father’s Day […] Read more
USDA approves vaccine to help fight PEDv
Chicago | Reuters — The U.S. Department of Agriculture has approved the first vaccine that can be sold directly to farmers to help fight a virus that has wiped out an estimated 10 per cent of U.S. pigs, USDA said Monday. Preliminary studies of the vaccine developed by Harrisvaccines “have been promising” in controlling porcine […] Read more
Hog industry braces for PED re-infection
A farm in Indiana has suffered a second outbreak of the deadly PED virus, and Canadian hog producers can expect the same risk in their own herds
Reading Time: 2 minutes Canadian hog producers could see increased mortality in their herds as the porcine epidemic diarrhea (PED) virus begins to re-infect hog herds, says an Alberta livestock veterinarian. “We have to be prepared to live in a world where this infection and this disease is going to continue to recycle throughout herds in the United States, […] Read more
U.S. livestock: Lean hogs fall on profit-taking, technical selling
Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market […] Read more
U.S. livestock: Firm beef prices help drive CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, a move fuelled partly by an uptick in wholesale beef prices, traders said. The morning’s wholesale choice beef price, or cutout, rose 64 cents per hundredweight (cwt) from Thursday to $231.53. Select cuts gained 29 cents to $223.89, the U.S. Department of […] Read more
U.S. livestock: Strong cash prices lift CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures closed sharply higher Thursday, pushed up by short-covering in response to higher-than-expected prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $148 per hundredweight (cwt), up $3 from a week ago, according to feedlot sources (all figures […] Read more
U.S. livestock: Profit-taking halts CME feeder cattle rally
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Wednesday, pressured by profit-taking that ended the market’s run of six straight sessions at new highs. “It doesn’t surprise me that futures would take a breather after going up so fast,” a trader said. Futures were also overpriced based on CME’s […] Read more