Chicago Mercantile Exchange cattle futures tumbled on Tuesday as traders worried consumers will buy less meat, a day after the U.S. government said it will verify the safety of ground beef in states that have bird-flu infections in dairy cows.
Tag Archives Feeder cattle
U.S. livestock: Cattle sink as bird-flu beef tests fuel demand fears
Klassen: Stronger fed market underpins feeder complex
For the week ending April 27, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier.
U.S. livestock: Cattle futures turn higher, hogs ease on technical trade
Chicago Mercantile Exchange (CME) cattle futures turned higher on Thursday on technical trading, bouncing off the previous sessions lows in response to the U.S. government announcing plans to expand testing of dairy cows for avian influenza, market analysts said.
U.S. livestock: Cattle futures slump as US requires bird flu tests for dairy cattle
Chicago Mercantile Exchange (CME) cattle futures fell sharply on Wednesday after the U.S. government announced plans to expand testing of dairy cows for avian influenza - even though the virus has not been identified in beef cattle herds, market analysts said.
U.S. livestock: Lean hogs rally on pork demand outlook, rising commodities prices
Chicago Mercantile Exchange (CME) lean hog futures rallied in tandem with other commodities markets on Tuesday as signs of tightening supplies and a favorable pork demand outlook supported prices, traders said.
Klassen: Feeder market recovers from weather discount
Compared to last week, backgrounded yearlings traded $4-$8/cwt higher on average. Calves were quite variable with prices quoted from unchanged to as much as $10 higher. Overall, there appeared to be stronger buying interest this week across all weight categories.
U.S. livestock: Live cattle end higher ahead of monthly USDA data
Chicago Mercantile Exchange live cattle futures ended modestly higher on Thursday as traders squared positions ahead of a monthly feedlot report due on Friday from the U.S. Department of Agriculture (USDA), traders said.
U.S. livestock: Live cattle extend recovery
Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.
Klassen: Adverse weather weighs on Western Canadian feeder market
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.
U.S. livestock: Cattle futures sink to multi-month lows
Technical selling, fund liquidation and demand concerns drove Chicago Mercantile Exchange cattle futures to multi-month lows on Friday, analysts said.
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