Reading Time: < 1 minute Cargill and its customers have renewed a program that would ensure beef producers receive at least $400 for being certified under the Canadian Roundtable for Sustainable Beef (CRSB).
Cow-calf
Cargill renews top-up payment for CRSB-certified beef
JBS says US beef division facing challenges, Seara unit improving
Low cattle supply behind weakness in US division; headwinds expected to continue
Reading Time: 2 minutes Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.
U.S. livestock: CME cattle futures slide to two-month lows
Data signals producers still sending cattle to slaughter instead of rebuilding the U.S. herd
Reading Time: 2 minutes Chicago Mercantile Exchange cattle futures tanked on Tuesday on fund selling and as markets remained under pressure from bigger-than-expected U.S. feedlot placements, brokers said.
Klassen: Feeder market rally stalls
Reading Time: 2 minutes Compared to last week, Western Canadian feeder cattle prices were quoted $3-$4/cwt on either side of unchanged.
Klassen: Feeder market adjusts to lower supplies
Reading Time: 2 minutes Western Canadian prices for backgrounded replacements were $2 to $4 higher than last week. Lower flesh yearlings were valued $3 to $8 above week-ago levels. Prices for calves under 800 pounds were up $3 to $7 compared to seven days earlier with noted strength in feeders under 600 pounds.
U.S. livestock: CME live cattle reach 5-month peak, end lower in technical setback
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) live cattle futures ended lower on Thursday in a technical and profit-taking setback after rising to five-month highs on firm cash cattle prices, traders said.
U.S. livestock: Cattle futures extend rally on cash market hopes; hogs lower
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures extended their rally on Wednesday, as market hopes for continued gains in the cash market gave prices a strong boost, market analysts said.
U.S. cattle: Cattle futures bounce higher on technical trading, hogs mixed
Reading Time: 2 minutes Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid a flurry of technical trading, weakness in corn futures Cv1 and strength in the wholesale beef pricing, market analysts said.
Klassen: Yearling price trend stalls while calves ratchet higher
Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Reading Time: 2 minutes Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.
U.S. livestock: CME livestock futures mostly lower on technical trading
Reading Time: 2 minutes Chicago Mercantile Exchange livestock futures closed mostly lower on Monday, as market participants sought profits and continued to adjust their positions as part of the so-called Goldman roll, traders said.