Reading Time: 2 minutes Chicago | Reuters -- Chicago Mercantile Exchange hog and cattle futures closed at their highest levels since November on Friday as short covering lifted the livestock markets, traders said.
U.S. livestock: CME hogs, cattle close at highest levels since November
Gains in the stock market supported livestock futures, analyst says
U.S. livestock: CME lean hogs jump following recent slide
Live cattle futures have bounced a bit after sinking last week to a 14-month low
Reading Time: < 1 minute Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.
U.S. livestock: CME hogs decline further as cattle face renewed pressure
"I think we're still trying to hunt for a bottom": analyst
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.
Argentina’s Milei to seek 15 per cent export tax hike on some grains: source
The new president pledged "shock" measures to fix the country's economic crisis
Reading Time: < 1 minute Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.
Klassen: Year-end buying interest boosts feeder market
Feedlot operators gearing up for shortfall in overall numbers in the first half of 2024
Reading Time: 2 minutes Strength was noted in calves under 650 pounds while feeders over 700 pounds were relatively unchanged. Larger packages of weaned quality genetics were $8 to $10 higher in some cases.
U.S. livestock: CME cattle rise with boxed beef prices, bounce from recent decline
CME lean hogs hit lowest price since Nov. 28 contract low
Reading Time: 2 minutes Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced on Monday as wholesale beef prices increased and the market rebounded from a 2% slide last week, brokers said.
CME cattle futures rout continues; hogs end lower
Despite small U.S. herd, placement into feedlots have been above last year's levels
Reading Time: 2 minutes Live cattle futures on the Chicago Mercantile Exchange dropped on Thursday to fresh multi-month lows on technical selling and weak beef prices at a time when feedlot supplies of market-ready cattle are rising, analysts said.
Klassen: Feeder market bounces on lower volumes
Feedlot operators believe yearling numbers will be down in March and April
Reading Time: 2 minutes Strength was noted in Manitoba and Saskatchewan while a softer tone was evident in Alberta. Once again, buyers shrugged off the weaker feeder cattle futures and the focus was on filling year-end orders. Alberta and Saskatchewan feedlots are carrying larger numbers but there appears to be sufficient bunk capacity available to sustain the price structure.
U.S. Livestock: CME cattle down sharply on fund selling, ending near week’s lows
CME lean hog futures followed cattle contracts lower
Reading Time: 1 minute Chicago Mercantile Exchange cattle futures plunged for a second straight session on Friday on fund long liquidation, closing out a volatile week of trading in the livestock pits with prices for live and feeder cattle contracts ending near the week's lows.
U.S. livestock: CME cattle drop on fund selling, beef demand concerns
Chicago lean hogs continue higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more
A message from April Stewart, Country Guide's Associate Editor
