Chicago Mercantile Exchange live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, market analysts said.
Feeders
U.S. livestock: CME cattle futures hit new contract highs as supplies tighten
U.S. livestock: Feeder cattle hit fresh peaks on shrinking supplies, strong cash prices
Chicago Mercantile Exchange cattle futures continued to rally on Tuesday, with feeder contracts setting new all-time highs, as U.S. cash prices remained firm and domestic supplies of replacement animals continued to shrink, market analysts said.
Klassen: Lower feed grain prices set to enhance feeder cattle prices
For the week ending July 19, Western Canadian feeder cattle markets were unchanged from the previous week, although volumes were limited.
U.S. livestock: Cattle hit fresh highs, hogs inch upward
Chicago cattle futures hit fresh highs on Monday while hogs made small gains.
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Klassen: Western Canadian calf markets surge on New World screwworm fears
For the week ending July 12, Western Canadian yearling markets traded steady to $5 higher compared to seven days earlier. Calves weighing 550-800 pounds were quoted $5 lower to as much as $10 higher.
Trump tariff on Brazilian goods could jack up U.S. burger price
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U.S. livestock: Feeder cattle extend rally to new highs
Chicago Mercantile Exchange feeder cattle futures extended gains to record highs on Wednesday while live cattle futures set a contract high before pulling back.