Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures were mixed on Thursday, with nearby live cattle contracts ticking higher amid signs of strength in the cash market and consumer demand staying firm, market analysts said.
U.S. livestock: Cattle futures mixed, lean hogs lower on signs of cooling economy
U.S. livestock: CME cattle futures drift lower, lean hogs down
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.
U.S. livestock: CME hogs turn higher on news of China-EU trade fight
Reading Time: 2 minutes Lean hog futures rallied at the Chicago Mercantile Exchange on Monday, as news of a China-EU trade dispute gave contracts a psychological boost, even though it is unlikely to give U.S. producers a new edge, traders and market analysts said.
Feds announce early livestock tax deferral
Reading Time: 2 minutes Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
Two dozen companies working to find bird flu vaccine for cows, US agriculture secretary says
Reading Time: 2 minutes Reuters – Twenty-four companies are working to develop an avian flu vaccine for cattle, as the virus spreads among U.S. dairy herds, Agriculture Secretary Tom Vilsack told Reuters on Wednesday. Bird flu has infected 90 dairy herds across 12 states since late March, according to the U.S. Department of Agriculture (USDA). Three dairy farm workers […] Read more
Klassen: Feeder cattle market ratchets higher on stronger fed market
Reading Time: 2 minutes For the week ending June 8, Western Canadian feeder cattle markets traded $3 to $6 above week-ago levels. In certain locations, quality packages of 600 pound plus steers were $8 to $10 higher compared to seven days earlier. Alberta packers were buying fed cattle on a dressed basis at $440/cwt, up $2/cwt from the previous […] Read more
Livestock Price Insurance coming to maritime producers
Reading Time: < 1 minute At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something […] Read more
U.S. livestock: Live cattle end mixed, hogs rise on strong pork exports
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle futures ended mixed on Friday as wholesale beef price firmed and packer margins improved, but traders remain concerned that cash market values may be near a seasonal peak, analysts said.
U.S. livestock: Cattle futures down amid oversupply, weak retail demand
Reading Time: < 1 minute Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.
U.S. livestock: Lean hog futures hit five-month low on oversupply worries
Reading Time: < 1 minute Lean hog futures closed at their lowest price since January at the Chicago Mercantile Exchange on Wednesday as traders focused on a potential oversupply of U.S. pork heading into the summer barbecue season.
A message from April Stewart, Country Guide's Associate Editor
