Reading Time: < 1 minute There are plenty of flashing warning lights in Farm Credit Canada’s (FCC) latest outlook for the cattle and hog sectors. While prices are strong and expected to stay that way for a while, the two “could take a big step backwards, especially from the highs of 2021 – and it may be more a question […] Read more
Warning signs materialize for meat sector
U.S. livestock: CME live cattle end mostly lower
December, February hog futures up
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but the spot […] Read more
U.S. livestock: CME futures fall on grain rally
Beef cutout price drops
Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures slid on Friday as grain futures rallied, underpinned by strong commodities and equities markets, brokers said. The downward trend started when live cattle markets took a hit earlier in the day, when the feeder cattle traders began selling off their positions as corn futures firmed […] Read more
U.S. livestock: CME cattle firm as grain markets pressured
Hogs under seasonal price pressure
Chicago | Reuters — Live cattle futures firmed at the Chicago Mercantile Exchange (CME) on Thursday, as grain markets came under pressure from investor profit-taking even as the U.S. dollar tumbled on news U.S consumer prices rose less than expected in October, brokers said. December live cattle settled 1.5 cents higher at 153.075 cents/lb. February […] Read more
U.S. livestock: CME live cattle settle lower as Wall Street slides
Feeder cattle, lean hogs also weaker
Chicago | Reuters — Live cattle futures slipped at the Chicago Mercantile Exchange (CME) on Wednesday as the market came under pressure from steep losses in equities and a lack of supportive news, brokers said. December live cattle settled 1.475 cents lower at 151.575 cents/lb. (all figures US$). February live cattle dropped 0.625 cent to […] Read more
U.S. livestock: CME lean hogs end lower, consolidate after rally
December live cattle futures flat
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures pulled back on Tuesday as the market consolidated after climbing nearly five per cent during the previous session, brokers said. CME December hogs closed 1.475 cents, or 1.7 per cent, lower at 85.575 cents/lb. (all figures US$). Wholesale pork prices were also lower. The U.S. […] Read more
U.S. livestock: CME lean hogs rally on bargain buying
Chicago live cattle firm
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped nearly five per cent on Monday on bargain buying after the benchmark December contract on Friday dipped to its lowest in nearly three weeks, traders said. CME December hogs settled up 4.075 cents at 87.05 cents/lb., surging in early moves after the contract was […] Read more
U.S. corn farmers wary of vomitoxin, latest stress on global grain supplies
Chicago | Reuters – A fungus that causes “vomitoxin” has been found in some U.S. corn harvested this fall, causing headaches for growers and livestock producers and forcing ethanol plants and grain elevators to scrutinize grain deliveries. The situation is another hit to global grain supplies that have sunk to the lowest in a decade since Russia […] Read more
U.S. livestock: Supply concerns drive CME live cattle to new contract high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher and reached a new contract high on Wednesday amid concerns about tightening U.S. supplies, brokers said. Strong recent gains have left the market technically overbought and due for a setback, brokers said. “We’ve had a nice rally here,” said Matt Wiegand, commodity broker […] Read more
U.S. livestock: Cattle, hog futures rise on robust beef, pork demand
Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
Cyber-Savvy Farmer
