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Cow-calf
This week on ‘Between The Rows’
Episode 307, Dec. 22, 2022
U.S. livestock: CME lean hogs firm on demand expectations
Live cattle follow retail beef prices higher
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures lifted on Wednesday, jumping to two-week highs on expectations that demand for market-ready hogs will perk up in the coming weeks, analysts said. “There seems to be a lot of optimism in buying for after the first of the year,” said Matthew Wiegand, Risk Management Consultant at […] Read more
U.S. livestock: CME lean hogs ease on weaker pork cutout
Cattle futures down with slaughter pace
Reading Time: < 1 minute Chicago | Reuters — CME Group lean hog futures fell on Tuesday, pressured by falling pork prices, analysts said. “The product markets are so weak, I think it’s keeping the nearby under pressure,” said Altin Kalo, economist at Steiner Consulting Group. Carcass cutout values dropped $1.47, to $83.46 per hundredweight (cwt), according to the U.S. […] Read more
Klassen: Feeder market ends 2022 on firm tone
Trade expecting bullish numbers from USDA
Reading Time: 2 minutes Compared to last week, western Canadian calves were trading $4 to as much as $8 higher. Adverse weather did not influence the market this week. There appeared to be a surge in demand across all weight categories. Higher quality or pre-conditioned vaccinated, weaned, lower flesh calves in the 600–700-pound category were up as much as […] Read more
U.S. livestock: CME live cattle up with boxed beef prices
Lean hogs rise, then close lower
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures finished higher on Monday as rising boxed beef prices signaled there is demand in the market, brokers said. Choice cuts of boxed beef rose by $1, to $263.83 per hundredweight, after climbing by $8.53 on Friday, the U.S. Department of Agriculture said (all figures US$). Select […] Read more
U.S. livestock: Hog futures up off two-month low
Live cattle, feeder cattle also gain
Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures rallied on Friday, rebounding from a two-month low on a round of end-of-week bargain buying. Cattle futures also were firm despite concerns about waning demand, traders said. Cash market strength added support to both hogs and cattle. CME February lean hogs jumped 4.125 cents, to 85.775 cents/lb. […] Read more
U.S. livestock: Hog, cattle futures fall on poor demand outlook
Winter storms threaten some herds
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle and hog futures weakened on Thursday, with traders expressing concerns about both domestic and export demand due to prospects for a softening global economy. The U.S. Agriculture Department (USDA) on Thursday morning said that weekly export sales of beef totaled 13,800 tonnes, down from 18,000 a week ago. […] Read more
U.S. livestock: December live cattle down off 7-1/2-year high
Hogs down on export market concerns
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures dropped on a round of profit taking after the front-month contract rose to its highest since June 2015 early in the session. Concerns about a winter storm damaging herds in the U.S. Plains provided support to cattle futures overnight. While supply concerns dominated cattle futures trading, […] Read more
U.S. livestock: Hog futures rise on short-covering
CME cattle futures also up
Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures rose on Tuesday, snapping a streak of five straight losing sessions on some mild short-covering, traders said. Gains were kept in check by concerns that demand for pork during China’s Lunar New Year celebrations will be lighter than usual due to rising COVID-19 cases in the country. […] Read more
Klassen: Stronger deferred live cattle support feeder market
Cow-calf operators seen hesitant to expand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more