Reading Time: < 1 minute Chicago | Reuters – U.S. cattle futures were narrowly higher on Thursday, buoyed by spreading and technical buying despite a downturn in wholesale beef prices, traders and analysts said. Live cattle futures climbed for the third straight session on the Chicago Mercantile Exchange as the market continued to claw back from steep losses on Monday. […] Read more
U.S. livestock: Cattle futures gain on technical buying; hogs lower
Pre-booked corn pushing barley and wheat out of Alberta feedlots
Reading Time: 2 minutes CNS Canada – Cattle in “feedlot alley” in Lethbridge, Alta., won’t be seeing corn leave their diets any time soon, according to one feed grain buyer. “The marketplace booked up a fair bit of corn in advance of it, so through September, December and even out into March. So that’s all been done, that corn […] Read more
U.S. livestock: Hog futures rebound from 2-week low on short-covering
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures were mostly higher on Wednesday, rebounding from an early two-week low on support from calendar spreading and short-covering, traders and analysts said. But excessive hog supplies and increased pork production made the market vulnerable to further declines, with weaker prices for wholesale pork signaling a […] Read more
U.S. livestock: Hog futures tumble on ample supplies, weak cash market
Reading Time: 2 minutes Chicago | Reuters – Chicago lean hog futures fell as much as 5 percent on Tuesday, under pressure from abundant supplies and weaker prices in the Midwestern cash hog market, traders and analysts said. Front-month December hog futures eased by the most since July, settling down the 3.000-cent daily price limit at 54.100 cents per […] Read more
Klassen: Feeder cattle demand softens
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were $2 to $3 lower on average. Feedlots were more aggressive on replacements that will finish for the March April fed cattle market. April live cattle futures continue to trade at a $8 premium to the June contract so lighter yearlings were discounted accordingly. The quality was […] Read more
U.S. livestock: Cattle futures tumble on demand worries, spreading
Reading Time: 2 minutes Chicago | Reuters – Live cattle futures fell to a roughly 1-1/2-month low on Monday, sagging on worries of reduced demand for beef and cattle in cash markets, traders said. Calendar spreading across Chicago Mercantile Exchange livestock futures also contributed to declines. Traders were exiting front-month positions and rolling into deferred months, resulting in bear-spreading […] Read more
U.S. livestock: Cattle, hog futures lower on weaker cash markets
Reading Time: 2 minutes Chicago | Reuters – Cattle and hog futures were mostly lower on the Chicago Mercantile Exchange on Friday, weighed down by spreading and weaker prices in cash markets for the animals, traders said. Cash hog prices have declined two days in a row in the top Iowa and Minnesota market, according to the U.S. Department […] Read more
U.S. livestock: Cattle futures climb on higher beef prices; hogs mixed
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures edged higher on Thursday, as rising wholesale beef prices stoked hopes that meat packers would pay more for cattle in cash markets this week, traders said. Cattle futures rebounded from early declines to reach the day’s highs after government data showed steep gains in beef […] Read more
U.S. livestock: Nearby live cattle futures jump on short covering, positioning
Reading Time: < 1 minute Chicago | Reuters – Live cattle futures rallied on month-end short covering and position squaring on Wednesday, with the nearby contract hitting its highest price in almost eight months, traders said. Front-month CME October live cattle settled up 1.950 cent at 115.850 cents per pound and reached its highest price since March 6. Most-active December […] Read more
Russia to resume beef, pork imports from Brazil
Reading Time: < 1 minute Moscow/Sao Paulo | Reuters – Russia’s agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products. Russia’s Rosselkhoznadzor had placed temporary restrictions on imports of pork and beef products from […] Read more
A message from April Stewart, Country Guide's Associate Editor
