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CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Crops, Markets

U.S. livestock: CME live cattle retreat from one-month high

Corn futures weigh on feeder cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, hit by profit-taking and technical selling after the benchmark December contract hit a one-month high on Friday, traders said. A stronger close in corn futures pressured feeder cattle futures. CME December live cattle futures settled down 0.55 cent at 130.425 cents/lb.
Walmart Canada is the first retailer in Canada to offer on-pack certified sustainable claims on a line of beef products.
Beef cattle, News

Sustainable beef interest hits new peak

About 17 per cent more beef was sold with a CRSB sustainability claim last year

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Canadians were more likely to consume certified sustainable beef last year than ever before. The Canadian Roundtable for Sustainable Beef (CRSB) says that 5.6 million pounds of beef were sold from July 1, 2020 to June 30, 2021 with a CRSB framework claim. The framework lays out sustainability standards for farms, feedlots, processors and others,
News

Sustainable beef body asks for farmer input

Chair Anne Wasko says the CRSB is seeking feedback from all producers

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The Canadian Roundtable for Sustainable Beef (CRSB) is urging producers to weigh in on the next round of environmental metrics on the beef industry. The roundtable launched a producer survey in late September. Responses will be part of the roundtable’s benchmarking efforts and will provide updated numbers to estimates calculated by the CRSB following the
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures mixed

Hogs rise on short-covering

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell on Friday, pressured by rising corn prices, while live cattle futures inched up as traders anticipated seeing the cash trade improve, traders said. Meanwhile, lean hog futures rose on short-covering ahead of the weekend. The cattle market has been battered by boxed beef prices
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

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Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing.
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs near three-week low amid ample supply

Chicago cattle futures also lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle down on raised beef production forecasts

Pork supply expectations drag on CME December hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Demand for feeder cattle eases

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Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

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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

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