Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures turned lower on Thursday amid a day of sideways and choppy trading, as wholesale beef prices dropped and cash cattle markets saw limited activity.
Cow-calf
U.S. livestock: Livestock futures turn lower amid choppy trading
U.S. livestock: Live cattle, lean hogs rise on technical buying
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle futures firmed on Tuesday on technical buying, while lean hog contracts ended higher in a technical and short-covering rebound following four days of declines.
Klassen: Feeder cattle experience weather market
Reading Time: 2 minutes For the week ending May 4, Western Canadian feeder cattle prices were quite variable and the market was hard to define. Alberta and certain regions of Saskatchewan received snow, which caused the market to trade $3 to $5 lower. However, in Eastern Saskatchewan and Manitoba, feeder cattle prices were steady to $3 higher.
U.S. livestock: Cattle futures jump after US ground beef tests negative for bird flu
Reading Time: < 1 minute Chicago Mercantile Exchange cattle futures rallied on Thursday after the U.S. government said retail samples of ground beef tested negative for the bird flu virus.
U.S. livestock: Bird-flu testing of US ground beef sinks CME cattle futures
Reading Time: 2 minutes Chicago Mercantile Exchange cattle futures took a dive on Wednesday on concerns that U.S. government tests of ground beef for the bird flu virus will harm consumer demand.
Klassen: Stronger fed market underpins feeder complex
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: < 1 minute 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
Reading Time: 2 minutes 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.