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CME October 2023 live cattle with 20-, 30- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle steady to weak

Hogs mixed with demand in focus

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures were steady to weak, while hog futures were mixed on Tuesday, with the market pressured by demand concerns as the end of grilling season nears, traders said. August live cattle futures ended unchanged at 179.7 cents/lb. (all figures US$). Most-active October live cattle fell 0.525 cent,
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME cattle firm on steady-higher cash

Lean hog futures regained after softening on Thursday

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound.
(Geralyn Wichers photo)
Livestock, Markets

U.S. livestock: CME live cattle ease despite cash market support

Despite losses, supportive fundamentals remain for live cattle

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, pressured by macroeconomic weight as a downgrade that stripped the U.S. of its top credit rating rippled throughout markets, analysts said. Despite losses, supportive fundamentals remain for live cattle. “We’re still going into smaller numbers,” said Joe Kooima, commodity broker at Kooima
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Livestock, Markets

U.S. livestock: CME live cattle firms on strong cash market

Lean hog futures eased after reaching fresh four-month highs

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures gained on Tuesday, helped by strong cash prices and technical support, analysts said. “Cash market is still hanging in there at $179 to $180 area. More than that in the north. So August was too big of a discount,” said Alan Brugler, president of Brugler
Red meat sector urges Ottawa to reject U.K. CPTPP membership
Livestock, News

Red meat sector urges Ottawa to reject U.K. CPTPP membership

The Canadian Meat Council, Canadian Cattle Association and Canadian Pork Council say they foresee many of the same regulatory headaches as they suffered with CETA

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Canada’s red meat sector is urging Parliament to reject the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. “Fair and open market access has allowed both the beef and pork industries to thrive, so our opposition is not something we have entered into lightly or without consideration,” said Chris White, president and
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: U.S. feeder markets lead Canadian prices higher

Dry conditions in Saskatchewan and parts of Alberta are moving yearlings off grass sooner than expected

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Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. Dryer conditions in Saskatchewan and
pigs
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME lean hog futures climb on strong demand

SubtitleCattle futures were pressured by softer cash prices and uncertain consumer demand

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Chicago | Reuters – Chicago Mercantile Exchange hog futures climbed to nearly four-month highs on Monday, supported by strong demand. “Cash trade got off to a good start. There’s margin out there with where fresh pork values are at. I think that’s helping to move things along,” said Matthew Wiegand, risk management consultant at FuturesOne.
(Deyana Robova photo/iStock/Getty Images)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME lean hog futures reach one-week high

For beef processors, margins are worsening

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Chicago | Reuters – Chicago Mercantile Exchange livestock futures rose on Friday, with the hog market reaching its highest price in a week as profit margins improved for pork processors. The hog market has turned higher after dropping to a one-week low on Wednesday. Most-active October lean hog futures LHV3 ended up 1.775 cents to
(File photo)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: live cattle futures end mixed; feeders pressured as corn soars

Persistent poor pasture conditions pushing producers to place more cattle in feedlots: analysts

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Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group closed mixed on Monday, with nearby contracts pressured by surging feed grain prices and bearish data in Friday’s monthly U.S. Cattle on Feed report. CME August live cattle futures LCQ3 settled down 1.275 cents at 178.750 cents per pound and most-active October LCV3
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock

Klassen: tight supplies continue to underpin feeder complex 

Feedlot operators shrug off past week's rally in the corn market

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Compared to last week, Western Canadian yearling markets traded $2-$5/cwt higher on average while calves were up $5/cwt to as much as $10/cwt in some cases. Feather light calves under 500 pounds reached fresh historical highs with 300-400 pound steers trading from $400-$450/cwt in Southern Alberta.  Finishing feedlots continue to be aggressive on yearlings for

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