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Expiration day for CME’s February 2023 live cattle contract, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures strong

Lean hog futures close mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended firm on Tuesday, with the front-month contract hitting its highest in more than eight years as tight supplies continued to underpin the market. Hog futures ended mixed. Expectations for strong cash prices for the next few months due to tight supplies supported cattle futures.
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Calves jump on corn outlook

Softer barley values underpin yearling market

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Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures dip on profit-taking

Chicago lean hog futures also fall

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, with a mild round of profit-taking pulling prices from eight-year highs. But concerns about tight supplies limited the selling. Hog futures also were weaker, pressured by a government report that showed robust stocks of pork. Thinly traded February live cattle futures dipped
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle consolidate after hitting new contract high

Chicago lean hogs end lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures consolidated on Friday after setting a string on contract highs recently, while lean hog futures eased. The cattle market looks ripe for a correction after futures rose this month on tightening U.S. supplies, brokers said. However, cattle inventories look even smaller than expected as ranchers
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle set high on Brazil halting beef exports to China

April hogs close lower, June up

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a contract high on Thursday amid hopes that Chinese importers will buy more U.S. beef after rival supplier Brazil suspended shipments to China, analysts said. Brazil said it would halt beef exports to China, the main destination for its overseas shipments, after confirming a
CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures sag as pork prices retreat

February live cattle up, April down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Wednesday, retreating from six-week highs set a day earlier as wholesale pork prices backed down after spiking higher early in the week. Live cattle futures closed mixed, underpinned by surging beef prices. At the CME, April hogs settled down 2.55 cents at
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures climb

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Chicago Mercantile Exchange (CME) cattle and hog futures came out of their U.S. Presidents Day break trading higher, with front-month live cattle posting eight-year highs. CME February 2023 live cattle touched 164.975 cents/lb. in Tuesday’s trade before closing at 164.75 cents, up 1.175 cents from Friday’s close and the highest close for the front-month contract
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market stabilizes after recent climb

Calf prices in Manitoba show premium over Alberta

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Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases.
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle post near-eight-year highs

Firming cash prices support February, April live cattle; hogs lower

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange set life-of-contract highs on Friday and the front contract hit its highest since 2015 as shrinking cattle supplies lifted cash prices, traders said. Market-ready cattle traded in southern Plains cash markets at $160-$162 per hundredweight (cwt), traders said, steady to $2 higher
CME April 2023 lean hogs with 20- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs, most live cattle lower

Feeder cattle futures also down

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Chicago lean hog and cattle futures closed mainly lower Thursday with the exception of front-month February live cattle, which remained on its record-setting upward slope. CME February live cattle finished up 0.225 cent at 162.775 cents/lb., extending the nearly-eight-year high on a continuous chart of the front contract (all figures US$). Most actively-traded April live

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