Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Thursday, with the benchmark April contract inching higher as strong wholesale beef prices continued to support the market, traders said. Chicago Mercantile Exchange April live cattle settled up 0.075 cent at 122.7 cents/lb. (all figures US$). But front-month February futures ended lower, down […] Read more
U.S. livestock: Live cattle end narrowly mixed
Hogs also mixed, feeder cattle mostly lower
U.S. livestock: Live cattle, lean hogs end lower on profit-taking
March feeder cattle also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures fell on Wednesday in a light profit-taking setback following a four-session climb, and on spillover weakness from declines in Wall Street equity markets, traders said. However, continued strength in wholesale beef prices and expectations of higher cash cattle prices this week underpinned the market. Chicago Mercantile Exchange […] Read more
U.S. livestock: Rising beef prices buoy CME live cattle futures
Colder spell in U.S. Midwest, Plains lifts hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Tuesday for a fourth straight session, with deferred months setting life-of-contract highs as robust demand for beef lifted packer profit margins and bolstered demand for market-ready cattle, traders said. Chicago Mercantile Exchange April live cattle futures settled up 0.15 cent at 123.1 cents/lb., while June […] Read more
U.S. livestock: Live cattle end firm, led by rising beef prices
Lean hog futures edge higher
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Monday as support from strong wholesale beef prices and expectations of firm cash cattle prices overshadowed pressure from bearish data in a monthly cattle report released late Friday, traders said. Chicago Mercantile Exchange April live cattle futures settled up 0.425 cent at 122.95 cents/lb. […] Read more
U.S. livestock: Feeder cattle gain from falling feed prices
Live cattle, lean hog futures also up
Reading Time: 2 minutes Chicago | Reuters — CME Group feeder cattle futures rose on Friday, bolstered by falling corn futures. March feeder cattle gained five cents to settle at 144.15 cents, adding 9.575 cents for the week — a 7.1 per cent gain as corn fell 5.8 per cent, its biggest drop since the week ending March 20, […] Read more
U.S. livestock: Live cattle climb ahead of USDA report
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures gained on Thursday ahead of a closely watched monthly Cattle on Feed report, due out on Friday from the U.S. Agriculture Department. Traders anticipate the report will show fewer cattle heading into feedlots, as recent rallies in the grain market have increased feed costs. “The incentive, […] Read more
U.S. livestock: Lean hogs climb on falling grain futures
April live cattle close lower
Reading Time: 2 minutes Chicago | Reuters — CME Group lean hog futures climbed Wednesday, supported by lower feed grain futures and expectations the U.S. herd will shrink moving into the spring, traders said. CME’s most-active April lean hogs added 1.65 cents to close at 73.075 cents/lb., while the spot February contract strengthened 1.95 cents to end at 68.425 […] Read more
Ontario calls off final intake for beef set-aside
'Threshold not met' for further cattle intake
Reading Time: < 1 minute Ontario has called off the last intake for its federal/provincial beef cattle set-aside program. The Beef Emergency Feed Maintenance Initiative, an AgriRecovery program launched after the temporary shutdown of Cargill’s beef slaughter plant at Guelph, was to have its “final potential intake week” opening Monday (Jan. 18), for cattle to be set aside starting Jan. […] Read more
U.S. livestock: Cattle futures strengthen ahead of USDA report
CME lean hogs dip nearer cash index level
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures gained on Tuesday as traders began positioning ahead of Friday’s monthly Cattle on Feed report from the U.S. Department of Agriculture, traders said. Feeder cattle futures also rose, supported by weaker feed grain futures. Lean hog futures declined after gaining on Friday as futures look to […] Read more
U.S. livestock: Hog, cattle futures rise on bargain buying
Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures rose on Friday on some bargain buying but still posted their first weekly loss in five weeks, traders said. Bargain buying also supported hog futures, which had posted lower closes in seven of the previous eight sessions. Signs of weakness in the cash markets kept a lid […] Read more
A message from April Stewart, Country Guide's Associate Editor
