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Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Hogs turn up on cash, wholesale pork prices

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Chicago | Reuters – Chicago Mercantile Exchange lean hogs finished higher on Wednesday after stronger cash and wholesale pork prices pared some of Tuesday’s losses, said traders. Funds periodically sold, or “rolled,” lead-month positions into deferred months ahead of similar moves early next week. Monday will be the first of five days that funds in
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Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME cattle rally on higher cash, beef prices

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied about 1.5 percent on Tuesday on fund buying and stronger cash cattle and beef prices, traders said. Frigid temperatures in U.S. Plains cattle producing areas also supported futures as such weather could slow down cattle weight gains, making them less available to packers. Actively
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market remains firm into 2018

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Western Canadian feeder cattle markets experienced limited activity over the past week because most auction barns were closed for the holiday season. There was some reported activity in certain regions such as central Alberta and prices were relatively unchanged from seven days earlier. Frigid temperatures tempered buying activity. Feedlots in the nearby area of the
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cash price optimism boosts CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reached a seven-week high, propelled by expectations for steady-to-higher cash prices by week’s end, said traders. Thursday’s wholesale beef price upswing, short-covering and year-end positioning furthered market advances, they said. December live cattle, which will expire on Friday, closed 2.525 cents/lb. higher at 124.55
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Livestock, Markets, Weather

U.S. livestock: CME hogs ease from 10-month top on lower cash prices

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a 10-month high, weakened by profit-taking and less money paid by packers for slaughter-ready, or cash, hogs, said analysts. February closed 0.5 cent lower at 71.025 cents (all figures US$). April ended down 0.1 cent, at 75.275 cents. Processors need fewer animals
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market ends 2017 on positive tone

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Compared to last week, western Canadian feeder cattle markets traded $2 to as much as $6 higher. Moderate to stronger buying interest was noted across the Prairies. Once again, feedlot operators were fairly aggressive on quality yearling packages; semi-weaned and weaned calves were a solid $3-$5 higher while unweaned lighter calves experienced minimal price appreciation.
(Canada Beef Inc. photo)
Livestock, Markets

U.S. livestock: CME live cattle surge on beef demand, cash price hopes

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, driven by strong wholesale beef values that generated cash price optimism for this week, said traders. Investors bought deferred months and simultaneously sold December futures before its Dec. 29 expiration. Fund buying contributed to market advances. December live cattle finished up
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle mostly lower after USDA report

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Chicago | Reuters — The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle on Feed report, said traders. USDA’s data showed more cattle than expected entered feedlots in November than a year ago, which analysts attributed to low-cost feed
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show

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