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Beef cattle

(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Tight supply outlook drives CME live cattle higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after Friday’s government report confirmed tight supplies ahead, traders said. The U.S. Department of Agriculture cattle-on-feed report showed a seven per cent drop in the number of animals placed in U.S. feedlots in May. “We suspect the seven per cent decline
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle futures slide before USDA report

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Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, on profit-taking ahead of the U.S. Department of Agriculture’s cattle-on-feed report Friday afternoon, traders said. USDA’s report is expected to show the number of cattle placed in feedlots in May declined from a year ago as high-priced calves deterred feedyards from buying
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Strong cash prices rally CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Thursday in response to stronger-than-expected prices for market-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $150 per hundredweight (cwt), up $2 from last week, according to feedlot sources (all figures US$). Investors had anticipated weaker cash returns
(Canada Beef Inc. photo)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME feeder cattle limit down on profit-taking

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Wednesday settled down their three-cent daily price limit on profit-taking, traders said. Lower live cattle future and fund liquidation hastened CME feeder cattle losses, they said. Feeder cattle futures reflect worries about how to make high-priced calves work with current market-ready cattle values and
Beef cattle, Livestock, Markets

Klassen: Feeder cattle market sustains upward momentum

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Western Canadian feeder cattle prices jumped $5-$7 per hundredweight (cwt) last week. Recent rains caused adverse pen conditions in southern Alberta, but this did little to stem buying enthusiasm. Alberta packers were buying fed cattle at $150/cwt as tighter beef supplies continue to cause counter-seasonal market behaviour in the beef complex. In addition to firm
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Lower cash price outlook pulls down CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday in anticipation of a seasonal bump in supplies that could pressure prices for market-ready or cash cattle, traders said. “It seemed like we delayed some bad news,” said EBOTTrading.com senior analyst John Kleist. Stronger-than-usual beef clearance leading up to Father’s Day
Beef cattle, Livestock, Markets

Hong Kong reopens to all U.S. beef

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Washington | Reuters –– Hong Kong has agreed to lift trade restrictions on certain types of U.S. beef, a move that should boost exports to what is already the fourth-largest export market for U.S. beef and beef products, the U.S. said Tuesday. In 2003, Hong Kong banned all U.S. beef following the detection of a
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Lean hogs fall on profit-taking, technical selling

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Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market
Beef cattle, Livestock

Missouri firm recalls beef over SRM concerns

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Reuters — A Missouri slaughterhouse recalled 1,800 kg of fresh beef over concerns that nervous tissue that could contain the BSE pathogen may not have been properly removed from the meat before shipment, a federal food safety agency said. The recalled bone-in ribeye roasts and quartered carcasses from Jackson, Missouri-based Fruitland American Meat were delivered

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