CME June 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle bounce back on bargain buying

July hogs touch six-day high, end lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday in a rebound from recent losses, brokers said. However, concerns about the risk of beef demand falling due to U.S. inflation continued to hang over the market, analysts said. They warn rising prices may increasingly push consumers to eat cheaper food

(Photo courtesy Canada Beef Inc.)

Klassen: Rains enhance demand for grass cattle

Deferred cattle futures showing strength

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for


CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME cattle tumble on worries of waning demand

Hogs up off recent lows

Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices



Feeder cattle, butcher cows still in demand

Feeder cattle, butcher cows still in demand

Gathering sufficient cattle to ship east or south is difficult

Activity may be winding down for the season at cattle auctions around Manitoba, but the butcher and feeder cattle still moving through the rings were still seeing solid demand in late May/early June. Heavy volumes of butcher cattle stood out to Allan Munroe of the Killarney Auction Mart, who added that “they’re worth some money



CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2) and 200-day moving average (black line). (Barchart)

U.S. livestock: Cattle futures rally on concerns about supplies

July lean hogs turn lower

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early

CME August 2022 feeder cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle, hog futures rise

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Tuesday, supported by good export prospects and strength in the cash market, traders said. Hog futures firmed on a technical bounce. U.S. beef processors on Tuesday slaughtered an estimated 126,000 cattle, up from 121,000 a year ago, the U.S. Department of Agriculture said. Hog


(Dallasgolden/iStock/Getty Images)

Fifth-generation cattle rancher aims to build biggest U.S. beef plant

Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector,