Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more
U.S. livestock: CME cattle sink to June lows
Lean hogs set contract lows
U.S. livestock: CME hog futures hit contract lows
Cattle futures also sag
Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more
U.S. livestock: CME cattle sag on packer margins, beef export sales
December lean hogs turn slightly lower
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more
U.S. livestock: CME cattle futures mixed as packer margins stay in red
December lean hogs up off Tuesday's contract low; deferred months lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
FCC to offer beef heifer replacement loans
Loan program for those wanting to build, maintain herds
Reading Time: < 1 minute Cattle producers wanting to expand or maintain herds — in a time of nationwide herd contraction — are the expected beneficiaries for a new loan program from Farm Credit Canada. FCC on Tuesday announced what it calls the Replacement Heifer Program, consisting of a loan with a maximum loan life of seven years and a […] Read more
U.S. livestock: CME cattle futures rise on supply concerns
Chicago lean hogs slump
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
U.S. livestock: CME hog, cattle futures decline
Pigs seen bulking up on new-crop corn
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange livestock markets weakened on Monday, with lean hog futures nearing their lowest price in more than four months. Concerns about lacklustre demand for U.S. pork continued to hang over the market, analysts said. Seasonally, hog futures also tend to decline around this time of year as pigs fatten […] Read more
U.S. livestock: Cattle retreat as energy rally dents beef demand outlook
Lean hog futures mostly also lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East conflict as the Israeli military […] Read more
U.S. livestock: CME cattle, hogs rise on technical buying
USDA supply data seen as priced into market
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels. […] Read more
Australia buys vaccines for lumpy skin disease to safeguard cattle exports
Recent scares halted some live export trade
Reading Time: 2 minutes Canberra | Reuters — The Australian government said on Wednesday it had bought a supply of vaccines for lumpy skin disease (LSD), a highly infectious condition affecting cattle, as part of efforts to control the disease and maintain live animal exports. The government says Australia is free of LSD but infection scares in recent months […] Read more
A message from April Stewart, Country Guide's Associate Editor
