Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service HedgersEdge.com (all figures […] Read more
U.S. livestock: Cattle futures up on cash market optimism
Wholesale pork values support October hogs
Canada not benefiting from CETA, Bibeau says
Ex-premiers write to Ottawa with critique of EU's continued trade barriers
Reading Time: 2 minutes Canada is not benefiting from the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), federal Agriculture Minister Marie-Claude Bibeau grants. Expected to spur $1.5 billion in new agri-food exports, the free trade deal has fallen short of those targets since its implementation in 2017. In a letter Monday to Prime Minister Justin […] Read more
U.S. livestock: Hog futures rise on export hopes
CME cattle futures weaken
Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose 1.7 per cent on Friday, with the market shrugging off bearish supply data on hopes that exports would remain strong, traders said. “At a time when we are nearing our fourth-quarter peak in supply, the market is highly focused on the belief that export sales are running […] Read more
U.S. livestock: Cattle futures rise on supply concerns
CME lean hog futures down
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures rose to their highest in more than a month on Thursday, supported by signs of a stabilizing cash market and concerns about tight supplies in the coming months, traders said. “The feedlots believe… that we have a marketing hole for most of October into December,” Don Roose, president […] Read more
U.S. livestock: Live cattle futures up ahead of USDA report
Hogs also up ahead of separate USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures gained on Wednesday, as traders weighed continued strong slaughter rates against expectations for higher placements in the U.S. Department of Agriculture’s end-of-week Cattle on Feed report. “The beef market looks like it’s possibly stabilizing, and that should be supportive for cattle prices in the near term,” said […] Read more
Klassen: Quality features influence feeder cattle prices
Reading Time: 2 minutes Western Canadian yearling markets have traded in a sideways range over the past couple of weeks; major feedlot operators have been aggressive for 800-pound-plus feeders just off grass because these cattle are most efficient and therefore, most profitable. Grass yearlings were quoted steady to as much as $5 higher this past week. Backgrounded yearlings were […] Read more
U.S. livestock: Hog futures gain on export optimism
CME cattle down ahead of USDA report
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures markets climbed on Tuesday on optimism over China’s continued purchases of U.S. grains, traders said. Exporters sold 266,000 tonnes of U.S. soybeans to China and 264,000 tonnes to unknown destinations, the U.S. Department of Agriculture reported on Tuesday, marking the 13th consecutive business day of sales to […] Read more
More food companies aim to wrangle cattle emissions
Nestle, Barry Callebaut trying out feed additives
Reading Time: 3 minutes Winnipeg | Reuters — Looking to improve milk production, California farmer John Verwey turned to a Swiss-made feed additive designed to make a cow more efficient while reducing methane emissions from cattle burps. The more a cow belches, the more it spends energy that could be used instead for milk production, Verwey reasoned. So two […] Read more
U.S. livestock: Cattle, hog futures fall with other commodities
Traders watching Germany's swine fever findings
Reading Time: < 1 minute Chicago | Reuters — U.S. cattle and hog futures markets fell on Monday, following a broad-based commodity sell-off in the absence of any fresh bullish news, traders said. “It is just kind of risk-off trade,” said Matthew Wiegand, broker at FuturesOne. “Livestock was for the most part happy to follow along.” Chicago Mercantile Exchange October […] Read more
U.S. livestock: CME cattle futures end up on firm cash trade
Lean hog futures close mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed modestly higher on Friday, supported by strength in cash cattle markets this week, but uncertainty about beef demand in the coming months capped rallies, analysts said. Chicago Mercantile Exchange October live cattle futures settled up 0.575 cent at 107.35 cents/lb. and December rose 0.525 cent to […] Read more
A message from April Stewart, Country Guide's Associate Editor
