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Tag Archives beef


Photo: Deyanarobova/iStock/Getty Images
Markets, Reuters

U.S. livestock: Hogs end down after setting contract highs

CME cattle futures advance

By Reuters, Tom Polansek, GFM Network News March 5, 2024
Chicago Mercantile Exchange lean hog futures ended lower on profit-taking on Tuesday after the market set contract highs in deferred months, analysts said.

Photo: Stefanlinton/iStock/Getty Images
Livestock, Markets

Klassen: Grassers and herd rebuilding confidence keeps feeders elevated

Major grazing regions of Western Canada receive more than double of normal precipitation in last month

By Jerry Klassen, GFM Network News March 5, 2024
The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.


iStock / Getty Images
Markets, Reuters

U.S. livestock: Lean hogs retreat in nearby contract after rally

Cattle futures declined in a retreat from rallies on Friday

By Reuters, Tom Polansek, GFM Network News March 5, 2024
Chicago Mercantile Exchange lean hog futures on Monday ended lower in the front-month contract in a setback from strong recent gains, traders said.

Photo: Canada Beef
Markets, Reuters

U.S. livestock: Livestock futures rally on technical trading, wholesale pricing

Pork cutout prices firmed, particularly for bellies

By P.J. Huffstutter, Reuters, GFM Network News March 1, 2024
Chicago Mercantile Exchange cattle futures rebounded on Friday, capping a volatile week of trading with a flurry of technical moves amid signs that consumer demand for beef remains strong.


Photo: File
Markets, Reuters

U.S. livestock: Cattle futures continue to slide on profit-taking

Traders weigh potential impacts of Texas Panhandle wildfire's effects on cattle supply

By P.J. Huffstutter, Reuters, GFM Network News February 29, 2024
Chicago Mercantile Exchange feeder cattle futures fell again on Thursday, amid ongoing profit-taking as some market participants sought cover as cash prices continue to stay firm, traders said.

Photo: Michelle Erickson-Jones/iStock/Getty Images
Livestock, Markets

Klassen: Statistics Canada confirms lower feeder cattle supplies

Precipitation in Alberta, Saskatchewan increases demand for grassers

By Jerry Klassen, GFM Network News February 27, 2024
Compared to last week, Western Canadian yearling or backgrounded steers prices were quoted $5 to $8 higher; yearling or backgrounded heifers were unchanged to $4 higher. Calves were trading $4 to as much as $10 higher.


File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Markets, Reuters

U.S. livestock: CME live cattle rise on tighter US supply expectations

June hogs rose to highest level in nearly a year

By Reuters, Tom Polansek, GFM Network News February 26, 2024
Chicago Mercantile Exchange live cattle futures crept higher on Monday on expectations that U.S. supplies will continue to tighten, analysts said.

(WPohlDesign/iStock/Getty Images)
Markets, Reuters

U.S. livestock: Cattle rally on fund buying, cheaper feed

Hogs mostly rose for the seventh straight session on strong cash hog prices, traders said

By P.J. Huffstutter, Reuters, GFM Network News February 23, 2024
Chicago Mercantile Exchange (CME) cattle futures rallied on Friday, as funds continued to flock into the market and the cost of feed prices fell sharply, market analysts said.


(Geralyn Wichers photo)
Livestock, Markets

Klassen: Feeder market shows signs of herd expansion

Some buyers suggest some heifers are being purchased for breeding

By Jerry Klassen, GFM Network News February 20, 2024
For the week ending February 17, Western Canadian prices for yearlings and backgrounded cattle were quoted $2-$4/cwt higher than seven days earlier.

File photo
Markets, Reuters

U.S. livestock: Lean hogs advance after strong US pork export data

Live cattle, feeder cattle ended day up

By Reuters, Tom Polansek, GFM Network News February 15, 2024
Lean hog futures rose on Thursday at the Chicago Mercantile Exchange on robust U.S. pork export demand and follow-through buying from a rally during the previous session, analysts said.


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