Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Wednesday, with the market underpinned by strength in the cash markets. Prices for the cattle contracts hit their highest in nearly a week, but closed off their session peaks as the corn market recovered from sharp declines. The early weakness in corn […] Read more
U.S. livestock: Cattle, hog futures up with cash markets
Boxed beef, select cuts priced at one-year highs
Tensions build over Argentina’s beef export ban
Rural associations pledge pause in livestock trading
Reading Time: 2 minutes Buenos Aires | Reuters — Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country’s main producer groups said in a joint statement Tuesday. The South American country’s centre-left Peronist government unveiled the ’emergency measure’ to tamp down high […] Read more
U.S. livestock: Hog futures rally on technical bounce
June live cattle up, August feeders down
Reading Time: < 1 minute Chicago | Reuters — Lean hog futures rallied on Tuesday, rising 1.8 per cent on a technical bounce after three straight days of declines pushed prices to their lowest since April 30, traders said. Concerns about a tightening of supplies during grilling season added support. “We are still watching weekly hog slaughter rates,” said Rich […] Read more
U.S. livestock: Live cattle futures close to unchanged
CME June lean hog futures fall
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled close to unchanged on Monday, with attempts at a bargain-buying rally fizzling out after hitting some key resistance points. Hog futures were lower, notching their third straight day of declines on a technical setback. Cattle futures had weakened along with corn futures to end […] Read more
U.S. livestock: Live cattle down, feeders up with corn
CME lean hog futures down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended losses on Friday on long liquidation that also dragged down corn futures, analysts said. It was the second consecutive day that cattle futures followed declines in the Chicago Board of Trade corn market, which has retreated from eight-year highs reached last week. “Cattle got […] Read more
U.S. livestock: Live cattle futures fall on long liquidation
Lean hogs down with pork export sales data
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell 2.5 per cent on Thursday, following broad declines in grain and livestock markets that analysts attributed to fund-driven long liquidation and technical selling after recent highs. “It seems it was a risk-off day all across the board… It was more of a technical move and just […] Read more
JBS able to pass on higher grain costs in North America
Reading Time: < 1 minute Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has been able to pass higher grain costs on to consumer prices because food demand is strong in markets such as the U.S. and Canada, executives said in an earnings call Thursday. In Brazil, where higher feed prices have dented margins of the company’s […] Read more
U.S. livestock: Live cattle futures end mixed
Feeder cattle rise as corn prices falter
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed mixed on Wednesday, with the benchmark June contract easing in a light round of profit-taking while robust beef prices continued to underpin the market, traders said. Chicago Mercantile Exchange June live cattle futures settled down 0.025 cent at 118.6 cents/lb., retreating after a climb to 119.425 […] Read more
U.S. livestock: CME live cattle extend rally as beef prices climb
June hogs down third straight day
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday for a fifth straight session, led by high-flying wholesale beef prices, analysts said. Feeder cattle futures also advanced but gains were muted as corn futures rallied, signaling higher costs to bring cattle up to market-ready weight. CME June live cattle futures settled […] Read more
Klassen: Stronger fed cattle prices underpin feeder complex
Limited feed and forage hinder further upside
Reading Time: 2 minutes Alberta packers were buying fed cattle on a dressed basis in the range of $265-$270 delivered this past week, up $3-$5 from seven days earlier. Live prices were quoted at $159-$162 delivered using a 60 per cent grading. If the feedlot operator booked their feed grains earlier in winter, live prices are $2-$3 above breakeven […] Read more
A message from April Stewart, Country Guide's Associate Editor
