Reading Time: 2 minutes Chicago | Reuters – U.S. livestock futures were widely mixed on Thursday, with nearby live cattle and lean hog contracts hitting multi-week lows in bear-spreading as traders moved into deferred positions. Worries of weaker prices in cash markets for cattle and hogs further weighed on front-month contracts while the third of the five-day Standard & […] Read more
U.S. livestock: Cattle, hog futures mixed on spreading, cash declines
U.S. livestock: Live cattle futures slump 3rd straight session
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred months. […] Read more
U.S. livestock: Cash price unease weakens CME live cattle futures
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February and […] Read more
Klassen: Beef demand drives feeder market higher
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were $5 higher on average; calves traded $3 to as much as $6 above week ago levels. Strength in fed cattle prices quickly spilled over into the feeder complex, especially on shorter keep replacements. On Friday, Alberta packers were buying fed cattle from $247 to $250 on […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle futures
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday is […] Read more
U.S. livestock: Live cattle futures retreat from 5-month high
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
Cattle traceability to pay off in Cargill pilot
Reading Time: 3 minutes UPDATED, Nov. 2 — A pilot program running through one of Canada’s biggest beef packing plants aims to test systems that can show consumers the exact path of their beef from ranch to restaurant — and reward cattle producers for their trouble. Cargill on Wednesday announced a new year-long Canadian Beef Sustainability Acceleration pilot, with […] Read more
Klassen: Feeder cattle market remains firm
Reading Time: 2 minutes Western Canadian yearling markets were trading $3 to as much as $6 above week-ago levels while calf prices were relatively unchanged. The Canadian dollar was under pressure all week, closing Friday at US77.85 cents, the lowest levels since mid-July. At the same time, April live cattle futures made fresh contract highs, reflecting a week-over-week gain […] Read more
Communities rally around producers in wildfires’ wake
Reading Time: 2 minutes Ranchers, farmers and rural residents who suffered losses, injuries and more in recent wildfires in southeastern Alberta and southwestern Saskatchewan are seeing support from neighbours and beyond. Alongside a number of online campaigns launched in support of affected farmers and families, the Saskatchewan Stock Growers Association on Monday launched a wildfire relief fund to help […] Read more
Klassen: Feeder cattle market loses momentum
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged while calves traded $3 lower to $3 higher. Feedlot operators pulled in the reins and realized the market may have overextended itself. Feeder cattle prices are now at levels where margins are negative in the deferred positions. Order buyers could feel the momentum subside this […] Read more
A message from April Stewart, Country Guide's Associate Editor
