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CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available
CME October 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Technical selling extends setback in CME lean hogs

Live cattle futures generally sideways

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Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract
The pork sector is concerned about the legal precedent of the state-level Prop 12.
Hogs, News

U.S. pork firms divided over bill to overturn Prop 12

The California animal welfare law is set to come into effect in the New Year

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Reuters – Some big U.S. pork producers that have spent money to comply with a California law requiring more living space for certain farm animals are lukewarm about legislation proposed in the U.S. Congress that would overturn the state law. Why it matters: Canadian pork groups say Prop 12 will introduce non-tariff trade barriers and
(Geralyn Wichers file photo)
Livestock, Markets

Klassen: Feeder market consolidates

USDA report considered supportive for Q4 fed cattle

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. The steam appears to be coming off the market as larger volumes become available. Pastures have basically dried up in many areas of Western Canada, which has spurred on producer selling. The calf market was hard to define due to
JBS signage at Greeley, Colorado. (JBS.com.br)
Beef cattle, Livestock, Markets

JBS posts quarterly loss on tight U.S. beef margins

'Greater balance' forecasted for global chicken supply

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Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures fall as packers’ profit margins in red

Lean hog futures show gains

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the
Dry pastures near Virden near the end of July.
Forages, Livestock

Manitoba’s hay picture remains unclear

Without rain, many farmers could find themselves short

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Farmers who think they might be short on feed should take steps now or risk paying higher prices amid lack of supply, according to Manitoba’s forage experts. “You may wait and find out that it’s gone up three, four or five cents a pound, or it may not even be available at the quality that
CME October 2023 live cattle with 20- and 50-day moving averages and August 2023 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle firm, hogs mixed

Cattle supply outlook overrides demand concerns

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live

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