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CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures limit-up to highest since May 2019

Cattle futures bounce on bargain buying

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Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year
CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures rise to highest since July 2019

April cattle dip to below 30-day moving average

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Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose to their highest since July 2019 on Tuesday, underpinned by strong demand. Cattle futures weakened for the fourth time in five days, with the most-active April live cattle contract sinking to a one-month low as activity at meat processors picked up with improving weather
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures fall as supplies seen rising

April lean hogs up from Friday

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Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by expectations of rising supplies as improving weather conditions in the southern U.S. Plains will allow meat processors to increase their slaughter, traders said. A deep freeze last week across Texas and the southern U.S. Plains caused power failures that shut down meat
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Live cattle end week lower

Hogs down on Olymel's plan to ship Canadian hogs south

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Chicago | Reuters — U.S. live cattle futures rose on Friday, but failed to end the week higher as a cold snap across the U.S. Plains and into Texas hampered slaughterhouses and backed up cattle, traders said. “There’s still a big mess,” said Dennis Smith, commodity broker at Archer Financial. “The good news is, the
Frigid temperatures drag cattle sale volumes lower
Livestock Markets, Markets

Frigid temperatures drag cattle sale volumes lower

Barley and wheat prices are expected to weigh on values for heavier feeder cattle

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As a cold snap descended across Manitoba and the rest of the Prairies, the number of cattle headed to auction was down significantly during the week ended Feb. 11. “Guys are getting up early in the morning and they have water that’s frozen or a tractor that won’t start. They have bigger fish to fry
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Live cattle futures dip on slaughter delays

Lower supply expectations support hog futures

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Chicago | Reuters — U.S. live cattle futures fell on Thursday as short-term processing delays caused by power outages and frigid weather backed up cattle and softened cash prices, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.225 cents at 122.925 cents/lb., while the spot February contract ended 0.175 cents lower at
CME March 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures sag as weather stalls slaughter pace

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Chicago | Reuters — U.S. cattle and hog futures declined on Wednesday as wintry weather and power outages hampered meat-packing operations, slowing the pace of slaughter and reducing demand for market-ready animals, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.65 cents at 124.15 cents/lb., while the spot February contract ended down
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

April hogs stay within Friday's range

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Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Cattle futures rally

Cold U.S. weather in focus

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Chicago | Reuters — U.S. cattle futures rallied on Friday, supported by cold weather in the United States that was making it hard to put weight on animals. “Weather remains front and center for cattle producers, bitter cold temps will be with us through the weekend and also some sizable snow totals in the southeast
Feeder cattle prices continue to increase
Livestock Markets, Markets

Feeder cattle prices continue to increase

Some feedlots down east still have room for Manitoba cattle

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Manitoba cattle auction yards saw plenty of activity in the first week of February as more than 8,000 cattle went through the rings. By comparison, roughly 5,000 head were sold in the previous week. Feeder prices continued their steady ascent over the past few weeks as lighter-weight steers saw the greatest value. High-end steers weighing less than 500

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