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CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle climb as smaller U.S. herd attracts spec buyers

Chicago lean hogs close mostly higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set life-of-contract highs on Friday as a government report this week showing reduced U.S. cattle supplies continued to inspire speculative buying, traders said. A seasonal slide in wholesale beef prices capped rallies. But traders remained fixated on longer-term supplies after the U.S. Department of Agriculture
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures ease off contract highs

Chicago lean hog values retreat

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday as traders booked profits, one day after the benchmark April contract set a life-of-contract high and the U.S. Agriculture Department reported a three per cent year-on-year drop in the size of the U.S. cattle herd. CME April live cattle
Photo: Canada Beef
Livestock, Markets

Klassen: Feeder market percolates higher amid finicky buyers

Ontario feedlots bring demand for West's calves

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Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: April live cattle down slightly

U.S. cattle inventory report shows steep decline; lean hogs also lower

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Chicago | Reuters — U.S. live cattle futures climbed to new contract highs early in the session before settling slightly lower on Tuesday, as traders assessed U.S. cattle inventory levels ahead of the U.S. Agriculture Department’s biannual report. After the market closed, USDA reported that the U.S. beef cow herd dropped to 28.9 million head,
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle firm on strong cash trade

Cattle inventory report due out Tuesday; CME hogs end mixed

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Chicago | Reuters — U.S. live cattle futures firmed on Monday, supported by strengthening cash trade and in anticipation of the U.S. Agriculture Department’s biannual cattle inventory report, due out on Tuesday. “Historically, the cattle inventory report wouldn’t be that big of a market mover. But it is a good check in on where you’re
CME April 2023 lean hogs with 10-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures drop on plentiful supplies

Live cattle steady to weak

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Chicago | Reuters — U.S. hog futures eased on Friday, with ample supplies weighing on prices due to a heavy pace of slaughter this year. Live cattle futures were steady to weak in rangebound trade, with light activity in the cash market hanging over prices. February lean hog futures dropped 1.15 cents, to 75.875 cents/lb.,
CME February 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (black line). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures hit lowest since late 2021

Ballooning supplies an issue; cattle futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange hog futures fell to their lowest in more than a year on Wednesday, with plentiful supplies and weak export demand weighing on prices, traders said. Cattle futures were mixed, with nearby contracts easing while deferred contracts firmed on concerns about low animal weight. February lean hog futures ended
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures firm even as feed prices weigh

Lean hogs end lower, pork packing margins up

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Chicago | Reuters — Chicago Mercantile Exchange livestock futures were mixed on Tuesday as soybean and grain prices firmed, traders said. Live cattle and feeder futures were able to continue Monday’s price bump. But the higher feed prices weighed on the beef market, as did questions over consumer and export demand, StoneX chief commodities economist
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Livestock, Markets

Klassen: Feeder market’s upward trend continues

Manitoba, Saskatchewan see limited gains

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Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a

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