Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rebounded on Tuesday from prior-session declines, continuing a recent climb sparked by tight cattle supplies and firm cash market prices. Recent strength in wholesale beef prices also encouraged continued buying despite a seasonal tendency for the market to decline after the Thanksgiving holiday […] Read more
U.S. livestock: Cattle futures bounce on tight supplies, firm cash markets
U.S. livestock: Feeder cattle drop on profit taking after 10-session rally
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle futures followed feeders lower. Monday’s cattle declines came after managed funds had bolstered their long holdings in both markets over recent weeks, encouraged by tight […] Read more
U.S. livestock: CME cattle futures rise on cash trade, positioning ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday as cash market trading gathered steam at firm prices, according to analysts, and traders awaited the results of the U.S. Department of Agriculture’s Cattle on Feed report, which the agency released after the close. Feeder cattle gained for a sixth straight session and […] Read more
U.S. livestock: Live cattle recovers on technical trading
Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures gained strength on Tuesday on technical trading, analysts said, while lean hog futures rose for a second day as traders anticipated growing export demand.
Pork representatives meet with parliamentarians
Reading Time: < 1 minute Representatives from the Canadian Meat Council and the Canadian Pork Council met with parliamentarians as well as government and industry officials in Ottawa earlier this week.
U.S. livestock: Hog futures hit contract highs as strong demand fuels rally
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set new contract highs on Friday as strong domestic and export demand, particularly for U.S. pork bellies and ham, drove the market upward, analysts said. Live cattle futures touched a one-month low, while feeder cattle recovered after reaching the lowest price in more than five […] Read more
Canada Packers name reemerges as Maple Leaf spins off pork division
Reading Time: < 1 minute Maple Leaf Food's pork division, set to separate into an independent company, will be named Canada Packers.
U.S. Livestock: CME lean hogs hit 5-mth peak on demand, cattle range bound
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures advanced on Monday to the highest point in nearly five months on technical buying and seasonal strength, analysts said. Live cattle futures also edged higher on a strong cash market, although large cattle weights and beef demand worries amid a slumping stock market limited gains and […] Read more
U.S. livestock: Cattle futures rise on technical buying, economic news
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose and feeder cattle touched a two-month high on Friday on technical trading, with stronger-than-expected September jobs data indicating good consumer demand, analysts said. Hog futures touched their highest level in four months before retreating. Benchmark CME December live cattle futures LCZ24 settled up 0.600 cent at […] Read more
U.S. livestock: CME cattle futures fall as U.S. port strike continues
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange livestock futures fell on technical trading as the session ended on Thursday, according to analysts, after trading both sides earlier in the day. Benchmark CME December live cattle futures LCZ24 settled down 1.300 cents at 186.400 cents per pound. CME November feeder cattle futures FCX24 ended down 0.425 cent at 248.125 cents […] Read more
A message from April Stewart, Country Guide's Associate Editor
