Chicago Mercantile Exchange lean hog futures hit contract highs for a third day in a row on Wednesday as U.S. supplies continued to be tighter than expected, analysts said.
Feeders
U.S. livestock: Hogs hit new contract highs on smaller than expected US slaughter
Klassen: Western Canadian calf market surges
For the week ending 26, Western Canadian calf markets were up $8-$12/cwt on average compared to seven days earlier. Pee-wee calves were up $20-$25/cwt compared to the prior week. Finishing feedlot operators were active buyers in all weight categories while backgrounders were cleaning up on smaller packages of calves under 550 pounds.
U.S. livestock: Cattle futures climb on fund buying, strong beef demand
Chicago Mercantile Exchange live and feeder cattle futures rose on Monday on fund buying and strong demand for beef, even as the red meat has become more expensive to consumers, said analysts.
Feedlot and backgrounding sectors called to participate in study
Two-part project looks for insight on feedlot and backgrounding practices
Canadian Feedlot Benchmark Study will help create a national benchmark database of backgrounding and finishing practices used in herds across Canada.
U.S. livestock: Cattle futures fall on positioning before USDA data release
Chicago Mercantile Exchange live cattle futures dipped slightly on Friday, while feeder cattle and lean hogs ticked up as traders squared positions prior to the release of the U.S. Department of Agriculture's Cattle on Feed report, after a choppy week of trading, analysts said.
U.S. livestock: Cattle futures fall on technical trade, E. coli outbreak concerns
Chicago Mercantile Exchange cattle futures turned lower on Wednesday, amid a flurry of technical selling and uncertainty whether consumer demand for beef would chill after an E. coli outbreak was linked to McDonald's Quarter Pounder burgers, traders said.
U.S. livestock: Cattle futures up on strong demand
Chicago Mercantile Exchange cattle futures rose on Tuesday on signs of increased demand from U.S. consumers and exporters, analysts said.
Klassen: Canadian feeder markets trades premium to U.S. values
For the week ending October 19, Western Canadian yearling markets traded $3 to $5 on either side of unchanged compared to seven days earlier. Calf prices were $5 to as much as $10 higher. Strength in the deferred live cattle futures along with the weaker Canadian dollar has resulted in positive margins on incoming calves. Therefore, the calf market has developed a floor price.
U.S. livestock: Cattle futures pull back as rally fades
Chicago Mercantile Exchange cattle futures pulled back from the previous week's rally on Monday as traders positioned ahead of Friday's U.S. Department of Agriculture Cattle on Feed report, analysts said.
Feed Grain Weekly: Less activity before corn deliveries
Despite a lack of activity in the feed grain markets, prices for feed barley and feed grain are trending lower, according to a grain broker from Edmonton.