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U.S. livestock: Live cattle tumble on bearish USDA data
Livestock, Markets, Reuters

U.S. livestock: Live cattle tumble on bearish USDA data

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more
U.S. livestock: Live cattle hit contract highs on weather woes
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit contract highs on weather woes

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose Tuesday, with the benchmark June contract hitting a high as poor feedlot conditions in portions of the U.S. Plains raised concerns about beef supplies, traders said. Lean hogs closed lower in a profit-taking setback from contract highs set a day earlier. Fat cattle futures […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market continues consolidation pattern

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. The market was quite variable across the Prairies. Demand from south of the border evaporated due to adverse weather while southern Alberta experienced favourable spring conditions. Alberta packers were buying fed cattle at $260 on a dressed basis, up […] Read more
U.S. livestock: Hog futures rise on pork export optimism
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on pork export optimism

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Reading Time: 2 minutes Chicago | Reuters — U.S. front-month hog futures surged on Monday, extending last week’s advances on expectations of additional export sales to China, where African swine fever has decimated the world’s largest hog herd, traders said. “We had that huge sale of pork to China last week, and the market is anticipating more sales,” said […] Read more
U.S. livestock: Hogs limit up as swine fever cuts Chinese herd
Livestock, Markets, Reuters

U.S. livestock: Hogs limit up as swine fever cuts Chinese herd

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Reading Time: < 1 minute Chicago | Reuters –– U.S. hog futures rallied to a five-month high on Friday, closing at their daily trading limit on improving export prospects due to a sharp reduction in China’s domestic supplies, traders said. China’s pig herd slid 16.6 per cent in February from the previous year, as African swine fever swept the country, […] Read more
U.S. livestock: Hog futures mixed after hitting three-month high
Livestock, Markets, Reuters

U.S. livestock: Hog futures mixed after hitting three-month high

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more

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