Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures edged higher on Friday, capping their first weekly gain in five weeks as wintry weather across the central U.S. slowed the movement of cattle to market. Storms from New Mexico to Illinois that brought ice, snow and pounding rain caused flooding, killing at least three […] Read more
U.S. livestock: Cattle up for week, first time since October
U.S. livestock: Lean hogs hit three-week high as cash prices stabilize
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures jumped as much as two per cent on Wednesday, lifted by stabilizing cash prices and ideas the market may have bottomed out after hitting six-year lows earlier this month. Live cattle futures and feeder cattle also were higher in light-volume trading at the Chicago Mercantile Exchange ahead […] Read more
U.S. livestock: Cattle ease on profit-taking after one-week highs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures fell as much as 1.8 per cent on Tuesday as investors took profits after prices hit a one-week high in the previous session, traders and analysts said. A government report on Monday showing bigger beef supplies than a year ago also weighed on futures […] Read more
Klassen: Weaker fed cattle pressure feeder market
Reading Time: 2 minutes Alan Paton stated when men are ruled by fear, they strive to prevent the very changes that will abate it. The feeder cattle market is contending with a negative round of feeding margins over the next few months, which continues to result in weaker values. Western Canadian feeder cattle prices were generally $3 to $8 […] Read more
U.S. livestock: CME live cattle snap back ahead of holiday
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts ended up sharply on Monday, driven by active short-covering as some investors prepare for Thanksgiving holiday vacations, traders said. “Some of these guys are so frustrated with market volatility and uncertainty that they’re looking forward to some time off,” a trader said. Spot December finished […] Read more
U.S. feedlot cattle placements hit nearly 20-year low
Reading Time: 2 minutes Chicago | Reuters — The number of cattle placed into U.S. feedlots last month declined four per cent from a year ago to their lowest level for October since the government began tabulating the data in 1996, a U.S. Department of Agriculture report showed on Friday. October’s placement results nearly matched forecasts by analysts, who […] Read more
U.S. livestock: Lower beef quote undermines CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Thursday after profit-taking and a drop in the day’s wholesale beef price ended a two-day rally, traders said. Spot December and February finished 1.075 cents/lb. lower at 129.9 and 132.05 cents, respectively (all figures US$). Thursday morning’s wholesale choice beef price had fallen […] Read more
Australia blocks foreign firm’s deal for largest farm owner
Reading Time: 2 minutes Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are […] Read more
U.S. livestock: CME live cattle extend gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second day in a row Wednesday, helped by more short-covering as expectations improved regarding cash prices later this week, traders said. Spot December finished at 130.975 cents/lb., up 2.95 cents, and February 2.55 cents higher at 133.125 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle finish strong after wild ride
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents/lb., up 0.35 cent, and February 0.925 cent higher at 130.575 cents […] Read more
A message from April Stewart, Country Guide's Associate Editor
