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(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Stock market turmoil rattles CME live cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Wednesday, pressured in part by the tumbling Chinese stock market and its impact on Wall Street, traders said. World markets were shaken during the day by a halt in New York Stock Exchange trading, the crash in Chinese stocks and Greece’s ongoing […] Read more
(Photo courtesy Canada Beef Inc.)
Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle end higher after wild ride

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session in which anticipation of stronger cash prices overshadowed slack wholesale beef demand, traders said. August closed up 0.575 cent/lb. at 151.075 cents, and October 0.55 cent higher at 154.025 cents (all figures US$). Fewer market-ready (cash) cattle […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder market consolidates

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Reading Time: 2 minutes Western Canadian feeder cattle markets continue to consolidate at the higher levels. Most auction markets were closed due to the Canada Day holiday, so all eyes were on focused south of the border for market sentiment. Average U.S. feeder prices were steady to $3 lower at major sales in Oklahoma and Missouri as the U.S. […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hog supplies, post-holiday slump cool CME futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures remained mostly sluggish on Monday at the Chicago Mercantile Exchange as traders wrestled with strengthening grain prices, tight supplies of market-ready cattle, and visions of a glut of hogs straining U.S. slaughterhouse capacity in the coming months. Livestock futures trading was relatively light on an historic day at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Strong cash prices drive CME live cattle limit-up

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed up their three cent/lb. maximum daily price limit on Wednesday, ignited by short-covering in response to better-than-expected cash prices, traders said. August and October finished at 151.075 and 153.7 cents, respectively (all figures US$). The CME live cattle trading limit will be expanded to […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Corn, Hogs, Livestock, Markets, Reuters

U.S. livestock: Corn prices drop CME feeder cattle limit down

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Reading Time: 2 minutes Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rebound on short-covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Lower grain production weighing on feeder market

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Reading Time: 2 minutes Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The Prairie region continues to experience above-average temperatures causing significant deterioration to pasture and crops in Alberta and western Saskatchewan. Certain auction markets experienced slightly larger […] Read more

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