Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean […] Read more
U.S. livestock: CME cattle futures mixed
Hogs slip on technical trading
U.S. livestock: Profit-taking knocks feeder cattle off high
CME lean hogs seen consolidating
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45 […] Read more
Feed weekly outlook: Shortages leading to price increases
MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
Brazil’s JBS bought 301,000 cattle from ‘irregular’ farms in Amazon, audit finds
Prosecutors 'negotiating improvements' with companies
Sao Paulo | Reuters — Nearly a third of the cattle bought by JBS SA in the Brazilian Amazon state of Para came from ranches with “irregularities” such as illegal deforestation, prosecutors found in a 2020 audit of the world’s largest meatpacker released on Thursday. In a presentation, federal prosecutors said they were “negotiating improvements” […] Read more
U.S. livestock: CME cattle rally continues on steady cash market, technical buying
Chicago hogs also find support
Chicago | Reuters — Technical buying and a steady cash market helped fuel Chicago Mercantile Exchange live and feeder cattle futures on Thursday, sending prices to multi-week highs and stretching the rally into a fourth trading session, traders said. Most-active November feeder cattle touched its highest price since Sept. 9 and ended up 3.475 cents […] Read more
Finding treasure by taking a deep dive into cow-calf production data
Cost of Production Network opens a window on how producers like you spend and make money
Reading Time: 3 minutes An effort to create apples-to-apples benchmarking for cattle producers has released its results from 2020 — and has also issued an appeal for more producers to join the Canadian Cow-Calf Cost of Production Network. “The purpose of the network is to produce benchmarks for different production systems found across Canada,” a newly released Canfax video […] Read more
U.S. livestock: Technical buying, solid beef demand boost CME cattle
Chicago lean hogs continue lower
Chicago | Reuters — Technical buying and solid demand for U.S. beef lifted Chicago Mercantile Exchange live and feeder cattle futures on Wednesday, traders said. The cattle markets continue to rebound from recent losses that were technically overdone, analysts said. Front-month CME October live cattle futures reached its highest price since Sept. 16 at 124 […] Read more
U.S. livestock: CME live cattle, feeder cattle extend gains
December hogs touch one-week low
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week […] Read more
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more
U.S. livestock: CME cattle futures extend slump
Hogs mixed after strong week
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525 […] Read more