Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Wednesday, led by weakness in feeder cattle futures and profit-taking after a near two-week high, traders said. CME feeder futures set the tone, falling one per cent as corn futures jumped on worries about dry U.S. weather, a move that signaled higher costs […] Read more
U.S. livestock: CME feeder cattle fall on corn rally
CME lean hogs end lower
U.S. livestock: Live cattle firm on cash market optimism
CME lean hogs also advance
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by expectations for a slowdown in supplies of market-ready cattle that should lift cash prices, analysts said. “The (cattle) numbers start to tighten as we move forward and get closer to August. That is giving some […] Read more
U.S. livestock: Hog futures rise as pork production estimates cut
Feeder cattle down on rising grain values
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Monday as the U.S. Department of Agriculture reduced its domestic pork production estimates for this year and next year. The USDA cut its production estimates because of reduced expectations for commercial hog slaughtering in the second half of the year, according to a […] Read more
U.S. livestock: CME live cattle ease as cash market diverges
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a third session on Friday as futures markets tried to read conflicting cash markets, traders said. “We have the (U.S.) south backed up on cattle, trying to get cattle moved through,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “There’s tighter […] Read more
U.S. livestock: CME live cattle ease as beef demand cools
CME lean hog futures mostly firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a […] Read more
U.S. livestock: Live cattle futures, boxed beef prices drop
Average hog weights down on week
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures approached a four-week low on Wednesday as U.S. beef prices declined. The drop in futures extended a four per cent setback from a contract high that most-active August live cattle reached last month. Prices for beef shipped to wholesale buyers in large boxes have also […] Read more
Demand for on-farm slaughter licences soars after rule change
Consumers, and the pandemic, have been key factors with more than 170 licences issued
Reading Time: 5 minutes Glacier FarmMedia – Demand for on-farm slaughter licences in Alberta has exploded since last summer when a rule change allowed consumers to buy individual animals and have them processed on the farm. “The day that the regulation changed, my phone just blew up, and it was largely our customers calling because they were so thrilled,” […] Read more
U.S. livestock: CME feeder cattle futures jump as grain costs tumble
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Tuesday as a steep slide in grain prices made animal feed costs look cheaper, traders said. Traders are keeping a close eye on the grain markets after supply fears drove prices to eight-year highs during the spring. Corn and soy futures surged last […] Read more
U.S. livestock: Lean hog futures ease on China demand worries
CME August live cattle down
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures weakened in the two most-active contract months on Friday as traders continued to dial in expectations for waning Chinese demand, analysts said. China, the world’s biggest pork consumer, has sought to rebuild its hog herd after it was decimated by an outbreak of the deadly pig […] Read more
U.S. livestock: Hogs drop as domestic, export demand seen weak
CME August cattle futures up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Thursday as traders priced in expectations for waning demand after the U.S. Independence Day holiday this weekend. Signs of poor demand from China, which has been a big buyer of U.S. pork since an outbreak of African swine fever decimated production in the […] Read more
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