Reading Time: < 1 minute Chicago Mercantile Exchange (CME) live and feeder cattle futures took a steep dive on technical selling on Tuesday, analysts said, while lean hogs ticked down following cattle's slide.
Beef cattle
U.S. livestock: Cattle futures fall dramatically on technical selling
Klassen: Yearling market softens on economic uncertainty
Reading Time: 2 minutes For the week ending August 17, Western Canadian feeder cattle prices were $3-$5 lower on average. Three weeks ago, 1,000 pound steers off grass reached up to $340/cwt. This past week, these same cattle were quoted in the range of $315-$325/cwt.
U.S. livestock: Live cattle futures rebound from a sluggish week
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) live cattle futures bounced back on Monday after a slow previous week, while feeder cattle futures dipped on corn's Chicago Board of Trade (CBOT) climb.
U.S. livestock: Cattle, lean hog futures fall in range-bound trade
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) live and feeder cattle futures fell in a spate of range-bound trading on Friday, with back-month feeder contracts setting new lows as funds shed their positions, traders said.
CFIA adds requirements for cattle returning from U.S. due to bird flu
Reading Time: < 1 minute Cattle returning from the U.S. after a stay of less than 60 days will require additional certification as bird flu concerns continue.
U.S. livestock: Cattle firms on technical buying as Labor Day nears
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) cattle futures rose on Wednesday on technical buying and increasing beef demand ahead of the upcoming U.S. Labor Day holiday, analysts said.
JBS posts profit as chicken and pigs make up for beef slump
Reading Time: 2 minutes Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
U.S. livestock: Cattle rise on stronger beef demand, lower corn prices
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) cattle futures rose on Tuesday with beef demand increasing ahead of the approaching Labor Day holiday and as corn futures dipped following the U.S. Department of Agriculture's weekly crop progress and condition report.
US to expand bird-flu testing of beef in slaughterhouses
Reading Time: 2 minutes The U.S. Department of Agriculture said on Tuesday it will expand bird-flu testing of beef entering the food supply as part of its response to the ongoing outbreak among dairy cattle, adding that U.S. beef and dairy products remain safe to consume.
Klassen: Feeder market holds value amid economic uncertainty
Reading Time: 2 minutes Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership. Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.