Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday in a rebound from recent losses, brokers said. However, concerns about the risk of beef demand falling due to U.S. inflation continued to hang over the market, analysts said. They warn rising prices may increasingly push consumers to eat cheaper food […] Read more
U.S. livestock: CME live cattle bounce back on bargain buying
July hogs touch six-day high, end lower
Klassen: Rains enhance demand for grass cattle
Deferred cattle futures showing strength
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more
U.S. livestock: CME cattle tumble on worries of waning demand
Hogs up off recent lows
Reading Time: < 1 minute Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices […] Read more
U.S. livestock: Cattle futures down in turnaround from rallies
July lean hogs close higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking, a session after prices reached multi-week highs, brokers said. The market was due to pull back after climbing six per cent since dropping on May 31 to their lowest price since October, brokers said. Strong demand from packers for a […] Read more
Beef sector calls for Health Canada label exception
The Canadian Cattlemen's Association wants ground beef exempted from proposed rules
Reading Time: 2 minutes The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] Read more
U.S. livestock: Cattle futures consolidate near peaks
Chicago hog futures fall
Reading Time: < 1 minute Chicago | Reuters — CME Group cattle futures stabilized near recent highs on Thursday, with strong cash markets and a round of speculative buying underpinning prices. Hog futures fell as the soybean futures market rallied to its highest in nearly 10 years, raising the prospect of higher feed costs. The U.S. Agriculture Department said on […] Read more
U.S. livestock: Cattle futures rally on concerns about supplies
July lean hogs turn lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early […] Read more
U.S. livestock: Cattle, hog futures rise
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Tuesday, supported by good export prospects and strength in the cash market, traders said. Hog futures firmed on a technical bounce. U.S. beef processors on Tuesday slaughtered an estimated 126,000 cattle, up from 121,000 a year ago, the U.S. Department of Agriculture said. Hog […] Read more
Fifth-generation cattle rancher aims to build biggest U.S. beef plant
Reading Time: 2 minutes Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more
U.S. livestock: Cattle, hog futures fall as corn prices rise
Supply outlook also a concern
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday, pressured by ample supplies and concerns about feed costs due to high corn prices, traders said. Hog futures were also weak. U.S. beef processors on Monday slaughtered an estimated 125,000 cattle, up from 117,000 a year ago, the U.S. Department of Agriculture […] Read more
A message from April Stewart, Country Guide's Associate Editor
