Reading Time: 2 minutes Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more
Klassen: Stronger deferred live cattle futures support feeder market
Fall run seen moving into final stages
U.S. livestock: CME live cattle top three-week high on supply worries
Lean hog futures up with slaughter pace
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures exceeded a three-week high at the Chicago Mercantile Exchange on Monday on worries about tightening U.S. supplies, while feeder cattle futures set a two-month high. Traders focused on a monthly U.S. Department of Agriculture report, issued after the market closed on Friday, that showed cattle placements into feedlots […] Read more
U.S. livestock: CME live cattle up on firm cash, speculative buying
February lean hogs end lower
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more
U.S. livestock: CME live cattle, lean hog futures end higher
Grain values' slip spurs buying
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) ended higher on Wednesday as expectations of tightening cattle supplies and a setback in grain prices sparked a round of buying, traders said. The most-active CME live cattle futures, for February delivery, settled up 1.2 cents at 154.25 cents/lb., a day after […] Read more
U.S. livestock: CME feeder cattle near one-month low as corn jumps
Hogs up on China demand optimism
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures neared a one-month low on Tuesday as rising grain prices signaled risks for increased costs for livestock feed, brokers said. Unconfirmed reports that Russian missiles crossed into NATO member Poland fueled gains in corn, wheat and soy futures as traders worried about escalating geopolitical tensions. […] Read more
U.S. livestock: Cattle, hog futures rise on robust beef, pork demand
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
U.S. livestock: CME lean hogs slip
USDA marks surprise jump in July cattle placements
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slipped on Friday, with the most-active contract dipping to a nearly six-week low during the session, as weak export demand continued to weigh on futures, analysts said. Meanwhile, a government report, released after the CME closed, said that far more cattle were marketed in July […] Read more
U.S. livestock: CME live cattle firm, drought accelerates selling
Lean hog futures follow cash prices up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday, underpinned as ranchers move up placements of calves amid drought conditions across the southern U.S. Plains, analysts said. “The fall-weaned calves are starting to come through,” said Austin Schroeder, commodity analyst at Brugler Marketing. “Placements have been pushed ahead, with the drought.” […] Read more
U.S. livestock: Cattle futures end higher on firm beef prices
Futures up before new USDA figures released
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by strong beef prices and positioning ahead of U.S. government reports released after the close of the market, traders said. CME August live cattle futures settled up 1.65 cents at 137.375 cents/lb. and most-active October ended up 2.025 cents at […] Read more
U.S. livestock: CME live cattle up on rising cash prices
Lean hogs up in pre-long weekend trade
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger on Friday on rising cash prices, while lean hog futures hit two-week highs, analysts said. Feeder cattle futures also ended firmer. The markets advanced as U.S. stocks bounced back from a sharp selloff in the prior session. Losses in equities and concerns about […] Read more
A message from April Stewart, Country Guide's Associate Editor
