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Cow-calf

CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

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Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks
Livestock insurance premiums have since come down, though not to pre-COVID levels.
Livestock, News

WLPIP premiums won’t be subsidized, says ag-minister Pedersen

Deadline for producers to buy policies extended by three weeks

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The province will not subsidize price insurance premiums for beef producers ag minister Blaine Pedersen has said. Western Livestock Price Insurance (WLPIP) premiums have come down since Manitoba Beef Producers asked the province for help, Pedersen added. “Premiums change every week, and that’s something that producers need to keep on,” Pedersen told the Co-operator on
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Livestock

Elanco gets EU’s conditional antitrust OK for Bayer deal

Approval calls for sale of Vecoxan brand, among others

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Reuters/Staff — Elanco Animal Health secured antitrust clearance on Monday from the European Union to buy Bayer’s veterinary drugs unit, after pledging to sell some products to address competition concerns about the US$7.6 billion deal. The European Commission said the companies will sell either Elanco or Bayer’s products or those in the pipeline, including licenses,
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

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Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated
CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

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Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175
Increased slaughter activity revives optimism at auctions
Livestock Markets, Markets

Increased slaughter activity revives optimism at auctions

Chicago live cattle last week climbed to their best levels since early March

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Cattle prices at Manitoba auction yards have shown some considerable improvement over the past month, as activity starts to slow down ahead of the summer and earlier disruptions due to the COVID-19 pandemic have largely sorted themselves out for the time being. “It certainly has perked up,” Allan Munroe of Killarney Auction Mart said of
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Nearby lean hog futures slide as slaughter rebounds

CME live cattle up on bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

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Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended

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