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CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures follow cash prices, beef values lower

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell for a fourth straight session on Tuesday as cash cattle traded lower at southern U.S. Plains feedlot markets and as wholesale beef prices continued a steep seasonal slide. Declines, however, were limited by bargain buying as some traders viewed the recent drop in cattle prices as […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder market takes direction from live cattle futures

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Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $4 lower; midweight calves traded $3 lower to $3 higher and calves under 550 lbs. were relatively unchanged. Yearling supplies are limited at this time of year but demand is also hard to find. These cattle will come on the fed market during the […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures step back on demand uncertainty

Lean hogs down with pork production up

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures fell on Friday as a third day of softer wholesale beef prices brought retailer demand into question, traders said. “Wholesale beef prices appear to have topped again and could head lower into the holidays, other than some late buying by retailers last minute,” said Doug Houghton, technical analyst […] Read more
CME February 2021 live cattle (candlesticks) with 20- and 50-day moving averages and January 2021 feeder cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures step back on demand uncertainty

February lean hog futures lower

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures trimmed on Thursday as fears of additional pandemic closures weighed on the demand outlook, traders said. Chicago Mercantile Exchange February live cattle futures fell 1.35 cents to 112.575 cents/lb., the contract’s biggest decline in two weeks (all figures US$). CME January feeder cattle ended two cents lower at […] Read more
CME February 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures gain on strong cash trade

CME lean hogs down off six-week high

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Reading Time: 2 minutes Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle strengthen on demand outlook

Export demand supports hog futures, for now

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market stabilizes on demand hopes

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Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier; however, market reports were quite variable depending on the region and weight category. In most cases, prices for calves under 550 lbs. were $2 to as much as $10 higher while values in the heavier weight categories were $3 lower to $3 […] Read more
CME February 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures gain on strong pork demand

Weak beef exports drag on live cattle futures

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Reading Time: < 1 minute Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more
CME February 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures trim as traders weigh weak exports

Lean hogs down with pork export figures

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more
Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)
Beef Cattle, Livestock, Markets, Reuters

China’s coronavirus testing chokes beef trade

Additional inspections, disinfections costly for importers

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Reading Time: 3 minutes Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters — […] Read more

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