CME December 2023 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME cattle up on bargain-buying, tight supplies

Hogs down in profit-taking

Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Friday on tight U.S. cattle supplies and bargain-buying a day after the benchmark December contract hit a one-week low, traders said. CME October live cattle futures settled up 2.1 cents at 187.075 cents/lb. and most-active December ended up 1.85 cents […] Read more

CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: December hogs limit-down on pork prices, macroeconomic fears

Cattle futures follow hogs, equities lower

Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange tumbled on Thursday as a drop in wholesale pork prices coupled with worries about the global economy sparked a round of profit-taking, analysts said. Livestock futures, grains and Wall Street equity markets all declined on Thursday as the U.S. dollar set a six-month […] Read more


CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle climb on fewer feedlot placements

Lean hog futures down with cash prices

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second session on Monday, supported by a bigger-than-expected drop in cattle placements in July, reported after market close on Friday. “In terms of slaughter ready cattle, we’re still relatively tight,” said Austin Schroeder, analyst at Brugler Marketing. In the U.S. Department of […] Read more

CME October 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle recover from six-week low

U.S. cattle-on-feed data seen as supportive

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday after dropping to a six-week low, as traders adjusted positions before a government report showed lower-than-expected placements in U.S. feedlots last month. The data, which the U.S. Department of Agriculture (USDA) issued after trading ended, should further support cattle futures next […] Read more


CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Fed market supports feeder complex

Strength in loonie tempers market upside

Reading Time: 2 minutes For the week ending Saturday, western Canadian yearlings over 800 lbs. were relatively unchanged. Feeder cattle in the range of 600-700 lbs. were up $4-$8/cwt. The market was hard to define for feeder cattle under 600 lbs. due to limited numbers. Prices for quality calves were unchanged from seven days earlier while straggler types were […] Read more


CME August 2023 feeder cattle with 30-, 40- and 50-day moving averages. (Barchart)

U.S. livestock: Feeder cattle rally as corn prices sag

Live cattle, lean hogs down

Reading Time: < 1 minute Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more

CME August 2023 feeder cattle with 20-day moving average (red line, right column) and CBOT July 2023 corn (yellow line, left column). (Barchart)

U.S. livestock: Cattle futures up ahead of USDA feedlot data

Hog futures mixed; U.S. pork export sales up on week

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday on technical buying and position-squaring ahead of a monthly U.S. Department of Agriculture (USDA) report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME June live cattle settled up 0.7 cent at 165.525 […] Read more


CME June 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (blue line). (Barchart)

U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices

Nearby live cattle higher, feeder cattle down

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more

CME August 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Feeder cattle fall after USDA report

June hogs rise above 10-day moving average

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts edged higher on Monday, while feeder cattle contracts fell, after U.S. government data released on Friday afternoon showed bigger-than-expected supplies in feedlots. The U.S. Agriculture Department’s monthly report showed that the number of U.S. cattle on feed, as of April 1, was down four per […] Read more