Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.
Feeders
U.S. livestock: Live cattle futures climb as wholesale US beef prices firm
U.S. livestock: Chicago hogs, cattle mixed
Chicago cattle and lean hog futures ended mixed on Wednesday even as consumer demand remained strong ahead of Memorial Day.
Klassen: Buying interest for feeder cattle subsides
For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.
Six myths of livestock price insurance
Livestock price insurance leads in Manitoba and Alberta weigh in on the common misunterstandings of LPI among Prairie beef producers
Livestock price insurance leads in Manitoba and Alberta weigh in on common misunterstandings of LPI among Prairie beef farmers.
U.S. livestock: Cattle futures, beef boxes recover some losses
Glacier FarmMedia | MarketsFarm – Cattle contracts on the Chicago Mercantile Exchange made small gains on Friday, providing little relief at the end of a tough week. The August live cattle contract gained US$0.900 per hundredweight to close at US$206.750. Meanwhile, August feeder cattle saw an increase of US$1.775/cwt. to end the day at US$297.600.
U.S. livestock: Futures fall, boxed beef prices up
Cattle futures tumbled farther off the contract highs hit earlier in the week on Thursday. Profit taking, as well as comments from Tyson Foods CEO Donnie King that cattle herds were “very close” to a rebuild at a conference on Wednesday, caused August live cattle futures to fall and that pressure continued on Thursday. The
U.S. livestock: CME cattle futures backtrack from record highs
Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled on Wednesday after climbing to records on dwindling U.S. supplies.
U.S. cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods CEO Donnie King said on Wednesday, after supplies dwindled to a 74-year low.
U.S. livestock: Cattle mixed, hogs make modest gains
Chicago cattle futures settled on either side of unchanged, Tuesday, after setting fresh highs on Monday. Lean hog contracts made modest gains.
Klassen: Feedlot operators become cautious on purchases
For the week ending May 10, Western Canadian feeder cattle markets traded steady to $5 higher on average. Quality packages of lighter calves were priced $10-$15 above week ago levels. Many auction barns are only holding sales every two or three weeks at this time of year with limited numbers on offer. This made the market hard to define in certain weight categories.