Compared to last week, feeder cattle prices were down $3 to as much as $6 across all weight categories. Most auction barns were closed last week for summer holidays and only small volumes traded in the key regions of Alberta. Feedyards are also running a skeleton crew, providing some much-needed time off after a busy […] Read more
Klassen: Large U.S. supplies weigh on Canadian feeder market
U.S. livestock: Live cattle end higher
Chicago | Reuters — U.S. livestock futures closed mixed on Monday, with live cattle rising on higher-than-expected cash cattle trades and lean hogs falling on expectations of rising supplies and worries about export demand, traders said. Live cattle futures rose after fed cattle traded late Friday in Texas and Kansas at $111/cwt, which was $2 […] Read more
U.S. livestock: Hogs up, live cattle decline on spreading
Chicago | Reuters — U.S. livestock futures were mixed on Friday, with lean hogs sharply higher and live cattle narrowly lower in largely technically driven and spread trading, dealers said. Friday was the final day of the five-day roll for funds tracking Standard + Poor’s Goldman Sachs Commodity Index, and investors moving out of front […] Read more
U.S. livestock: Cattle, hogs turn up on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange livestock futures ticked higher on Thursday, boosted by short-covering and technical buying after prices probed new lows earlier this week, traders said. Futures for cattle and lean hogs notched narrow gains despite fears of weaker prices in cash markets and a lower trend in wholesale meat values — […] Read more
U.S. livestock: Hogs, cattle extend declines on trade war worries
Chicago | Reuters — U.S. livestock futures fell one per cent or more on Wednesday, extending declines on technical selling and fears reduced pork and beef exports could result in burdensome supplies in domestic meat markets, traders and analysts said. Most Chicago Mercantile Exchange lean hog futures contracts slumped to lifetime lows for the third […] Read more
U.S. livestock: CME hogs hit new lows as cash prices fall, funds roll
Chicago | Reuters — Chicago Mercantile Exchange hogs on Tuesday marked new lows, and the August contract fell by its three-cent daily price limit, amid eroding cash prices and the roll by funds, said traders. Tuesday was the second of five days that CME livestock market funds which track the Standard + Poor’s Goldman Sachs […] Read more
U.S. livestock: Hogs extend declines on demand worries
Chicago | Reuters — U.S. lean hog futures fell over three per cent on Monday, weighed down by plentiful supplies and worries of weaker demand later this year due to tariffs on imports of American pork in Mexico and Canada, traders and analysts said. Most-active Chicago Mercantile Exchange August hogs sank 2.65 cents to 72.775 […] Read more
U.S. livestock: Cattle, hogs about flat in technical trading
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures were little changed on Thursday in technically driven trade amid a lack of fresh fundamental news following a pause in trading on Wednesday’s U.S. Independence Day holiday. Most active live cattle futures finished narrowly mixed as traders awaited deals in U.S. Plains cash cattle […] Read more
Klassen: Yearlings lead feeder complex higher
Compared to last week, yearlings traded $3 lower to as much as $8 higher. Lower supplies made the market hard to define in some regions but quality packages were very well bid. Heifers were somewhat softer but overall, the market continues to strengthen. Larger operations in southern Alberta were once again leading the charge higher […] Read more
U.S. livestock: Cattle, hogs gain on pre-holiday technical buying
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were mostly higher on Tuesday, with some hog and cattle contracts hitting multi-month peaks on technical buying ahead of Wednesday’s U.S. Independence Day holiday, traders and analysts said. CME July lean hog futures climbed to their highest since Feb. 26, settling up 0.525 cent to 83.725 […] Read more
Cyber-Savvy Farmer
