Reading Time: < 1 minute Chicago Mercantile Exchange cattle futures firmed slightly on Thursday as stocks hit record highs on Wall Street for a second day, providing borrowed strength to the livestock markets, analysts said.
Beef cattle
U.S. livestock: Cattle edge higher as Wall Street extends gains
Argentine beef exports hit highest level in more than five decades
Reading Time: < 1 minute Argentina's beef exports during the first nine months of this year rose to their highest level in 57 years, as shipments of one of the South American country's best-known food staples grew among buyers in the United States and neighboring Chile.
U.S. livestock: Lean hogs hit one-week low, pork belly values fall
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures fell to their lowest level in more than a week on Tuesday as profit-taking extended the market's setback from contract highs last week, analysts said.
West coast ports shutdown enters second day
Reading Time: 2 minutes The British Columbia ports labour dispute continued on Tuesday, impacting exports at Canada's biggest port in Vancouver with no sign of negotiating progress.
Klassen: Feeder market holds at higher levels
Reading Time: 2 minutes For the week ending November 2, Western Canadian yearling and calf markets were relatively unchanged from seven days earlier. Strong demand continues to support the feeder complex at historical high prices.
U.S. livestock: Hog futures retreat from contract highs last week
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures ended lower on profit taking and technical selling on Monday, brokers said.
U.S. livestock: Hog futures hit contract highs as strong demand fuels rally
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set new contract highs on Friday as strong domestic and export demand, particularly for U.S. pork bellies and ham, drove the market upward, analysts said. Live cattle futures touched a one-month low, while feeder cattle recovered after reaching the lowest price in more than five […] Read more
U.S. livestock: Hog futures edge down on profit taking
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures pulled back from contract highs on Thursday as traders booked profits ahead of the end of a month, traders said.
U.S. livestock: Hogs hit new contract highs on smaller than expected US slaughter
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures hit contract highs for a third day in a row on Wednesday as U.S. supplies continued to be tighter than expected, analysts said.
Klassen: Western Canadian calf market surges
Reading Time: 2 minutes For the week ending 26, Western Canadian calf markets were up $8-$12/cwt on average compared to seven days earlier. Pee-wee calves were up $20-$25/cwt compared to the prior week. Finishing feedlot operators were active buyers in all weight categories while backgrounders were cleaning up on smaller packages of calves under 550 pounds.