Daily Network News

More News →

Tag Archives beef

Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market to start 2023 on firm tone

Counter-seasonal behaviour expected

By
Reading Time: 2 minutes There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME futures ease on profit-taking, feed prices

Smaller cattle supplies remain a concern

By
Reading Time: 2 minutes Chicago | Reuters — CME livestock futures eased back on Friday, as traders sought profits after cattle futures hit new contract highs in the previous session and on pressure from a run-up in grains, traders said. U.S. livestock markets will be closed Monday for the New Year holiday. On Tuesday, the markets will pre-open at […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures hit new highs on tight supplies

Technical selling drags on hogs, again

By
Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector across the U.S. Great Plains […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Historically high deferred live cattle futures support feeder complex

By
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures ease, supplies in focus

Hog futures down on technical selling

By
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures eased on Wednesday, after moving higher in the previous session, as traders watch for smaller supplies of market-ready cattle moving through the system, traders said. Snow and ice across the U.S. Great Plains last week will likely also reduce supply, shrinking weights of market-ready cattle. “The recent […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures climb on tight supplies

Supply report also bullish for hog futures

By
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures firmed on Tuesday, supported by lower cattle supplies and the impact of cold weather on cattle weights, traders said. Winter weather last week across the U.S. Great Plains likely caused cattle to lose weight amid snow and below-freezing temperatures, said Brad Kooima, commodity broker at Kooima Kooima […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures up, cattle placements drop

Lean hogs lower as weather curbs processing

By
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures firmed on Friday, as traders anticipated lower November feedlot placements in the U.S. Agriculture Department’s monthly Cattle on Feed report, released after the market close. USDA reported feedlot placements in November fell two per cent from a year ago. Analysts predicted a 4.2 per cent drop in […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: February live cattle lower on slaughter delays

Winter weather caps gains in hog futures

By
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures eased on Thursday, as harsh cold conditions delayed slaughter operations, analysts said. Summer month futures climbed to contract highs as traders anticipate lower cattle supplies, possibly exacerbated by icy conditions. “We’re seeing those prices in April push through the roof. We now have a December that’s bitter […] Read more
CME February 2023 lean hogs with 20- and 100-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on demand expectations

Live cattle follow retail beef prices higher

By
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures lifted on Wednesday, jumping to two-week highs on expectations that demand for market-ready hogs will perk up in the coming weeks, analysts said. “There seems to be a lot of optimism in buying for after the first of the year,” said Matthew Wiegand, Risk Management Consultant at […] Read more
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs ease on weaker pork cutout

Cattle futures down with slaughter pace

By
Reading Time: < 1 minute Chicago | Reuters — CME Group lean hog futures fell on Tuesday, pressured by falling pork prices, analysts said. “The product markets are so weak, I think it’s keeping the nearby under pressure,” said Altin Kalo, economist at Steiner Consulting Group. Carcass cutout values dropped $1.47, to $83.46 per hundredweight (cwt), according to the U.S. […] Read more

Latest Market News

More Market News →