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Tag Archives feeder cattle

Livestock, Markets, Reuters

U.S. livestock: Hog futures weaken, cattle futures advance

Cattle values rise as corn values drop

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures on Friday pulled back from a rally the previous session as large supplies and doubts about Chinese imports weighed on the market, analysts said. Chicago Mercantile Exchange (CME) August lean hog futures settled down 0.35 cent at 49.875 cents/lb. (all figures US$). The contract has rebounded slightly since […] Read more
Livestock, Markets, Reuters

U.S. livestock: Ham prices lead lean hog futures higher

Chicago live cattle book slight gain

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Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rose on Thursday as firmer cash markets for hogs and some pork products supported thinking that the market may have bottomed out after declining for much of 2020, traders said. Chicago Mercantile Exchange (CME) August lean hog futures settled up 2.275 cents at 50.225 cents/lb., crawling back […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures, boxed beef prices weaken

October lean hogs up slightly

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Reading Time: 2 minutes Chicago | Reuters — U.S. live and feeder cattle futures weakened with boxed beef prices on Wednesday as large supplies of heavy livestock are ready for slaughter, commodity brokers said. Cattle heading to slaughter weigh more, analysts said, because they put on pounds as animals backed up in feedlots when meat plants closed in April […] Read more
Livestock, Markets, Reuters

U.S. livestock: Large supplies push cattle, hogs mostly lower

Over 17,000 cases of COVID in packing plant workers, U.S. CDC reports

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures ended mostly lower on Tuesday under pressure from large supplies, analysts said. Live cattle futures retreated a day after nearing a two-month high, while feeder cattle pulled back after reaching their highest price in month than a month on Monday. “We’ve gotten a bit overbought on […] Read more
Finishers, Livestock, Markets

Klassen: Feeder cattle market searching for direction

Feedlots expecting barley prices to drop

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Reading Time: 2 minutes Western Canadian feeder cattle prices continue to trade in a sideways pattern. Compared to last week, prices were quoted $2-$3 on either side of unchanged. Most auction barns were on holidays last week and arenas that did hold sales experienced limited volumes. Therefore, the market was hard to define. U.S. feeder cattle markets were steady […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle jump to two-month high

Lean hogs up on bargain buying

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures on Monday reached a two-month high on follow-through buying from last week, while lean hog futures edged up on bargain buying, traders said. Cattle futures are extending a recovery after recently regaining a premium over cash prices, traders said. Technical buying helped support the futures market even […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise as corn prices ease

Hog futures up slightly on improved exports

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rose on Thursday with feeder cattle leading the pack, as corn prices eased on profit taking ahead of the long holiday weekend, analysts said. Thursday’s feeder cattle rally was due in part to a slump in corn futures, traders said. Earlier this week, the most-active contract surged amid […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures rise on new-month buying

Hogs mostly down on concerns over supplies, demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Wednesday on what appeared to be technical and speculative buying at the start of a new month and quarter, analysts said. Yet the benchmark August live cattle contract on the Chicago Mercantile Exchange remained rangebound, with rallies capped by weak beef prices as slaughterhouses […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures drift lower as corn prices soar

Wholesale beef prices show signs of stabilizing

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures closed modestly lower on Tuesday, pressured by a surge in Chicago Board of Trade (CBOT) corn futures that is likely to squeeze profit margins for livestock producers, traders said. “The rise in feed costs changes the dynamics in the industry. It cuts into profits — or in the […] Read more

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