Chicago Mercantile Exchange feeder cattle futures climbed on Wednesday ahead of the USDA’s Cattle on Feed report, slated for release Friday.
Feeders
U.S. livestock: Cattle continue climb, hogs slip back
Klassen: Feeder cattle market jumps back to historical highs
For the week ending March 15, Western Canadian feeder cattle markets traded $8-$12 higher compared to seven days earlier. Prices fully recovered from the prior week with values quoted at or near historical highs. Finishing feedlots were aggressive across all weight categories due to strength in the nearby and deferred live cattle futures. Once again,
U.S. livestock: Chicago cattle, hog futures see strong start to week
Both live and feeder cattle futures made healthy gains to start the trading week at the Chicago Mercantile Exchange, and boxed beef continued to climb on strong consumer demand.
U.S. livestock: Feeder cattle rise as producers rush to buy
Chicago feeder cattle futures made gains on Friday as producers snap up cattle.
U.S. livestock: Hogs down, cattle mixed
Chicago lean hog contracts were down on Thursday, while cattle were mixed.
U.S. livestock: Live cattle make gains but show signs of resistance
Chicago cattle futures climbed on Wednesday while all but the most nearby lean hogs also made small gains.
U.S. livestock: Cattle mixed, hogs down as USDA updates supply/demand numbers
Chicago mercantile exchange cattle ended mixed on Tuesday as the USDA raised its beef production forecast.
Klassen: Tariff drama results in volatile feeder cattle market
For the week ending March 7, there were two distinct price structures. On Monday, March 3, feeder cattle prices were relatively unchanged from the previous week. However, once the U.S. implemented tariffs for Canadian cattle on March 4 , feeder cattle markets dropped by $10-$15/cwt on average.
U.S. livestock: Cattle futures mostly higher
Chicago Mercantile Exchange cattle futures were mostly higher on Monday as tight supply fundamentals supported prices.
U.S. livestock: Cattle futures climb to end week
Cattle and hog prices at the Chicago Mercantile Exchange on Friday showed increases of varying degrees. United States President Donald Trump announced on Thursday that certain imports from Mexico which fall under the Canada-U.S.-Mexico Trade Agreement will see tariffs delayed until April 2. Canada was also included in the official amendment after the markets closed.
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