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

U.S. livestock: CME live cattle rally on bargain buying

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday after bargain hunting and short-covering snapped the market’s two-day losing streak, traders said. “I think some people are finally catching on to the idea that maybe sentiments that this market will continue to decline is overdone,” said Doane Advisory Services […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Supply worries again sink CME live cattle to five-year low

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday sank to a five-year low for a second straight session in anticipation of weak cash prices by Friday, traders said. August ended 0.45 cent/lb. lower at 108.9 cents, and earlier posted a new contract low of 108.175 cents (all figures US$). October finished […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder market weathering summer storms

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Reading Time: 2 minutes Western Canadian feeder cattle were traded $3 to $5 below week-ago levels, with replacements over 700 lbs. absorbing the bulk of the decline. Despite the sharp drop in barley prices, uncertainty in the deferred cash fed cattle prices caused feedlots operators to back away from the market. Secondly, ideas are that yearling prices will weaken […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle gain on cash price discount

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained modestly on Friday, but eased from session highs, helped by their discounts to this week’s cash prices that fell shy of expectations, traders said. August ended 0.425 cent/lb. higher at 112.225 cents, and October finished up 0.1 cent, to 112.325 cents (all figures US$). […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Supply worries sink lean hogs to one-month low

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid to a one-month low, pressured by concerns over possibly more supplies ahead, traders said. July ended down 0.475 cent/lb. to 81.575 cents (all figures US$). Most actively traded August finished 2.625 cents lower at 80.625 cents. The government’s quarterly hog report in late […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle advance on cash market optimism

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rebounded from early-session weakness on Tuesday to close higher for the fifth time in six trading sessions on expectations for firm cash cattle prices this week. Feeder cattle futures also climbed, drawing some support from sharply lower corn prices, while lean hogs ended mixed. Cattle futures markets […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle market experiences thin trade

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Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Many auction barns are in holiday mode and the shortened holiday week further shrunk market activity. In any case, feedlot operations on both sides of the border are focused on selling fed cattle and assessing current financial damage rather than bringing in replacements. The […] Read more

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