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CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: Live cattle continue lower on unclear outlook

'Hard hill to climb' expected for lean hogs

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Wednesday as uncertainty about demand lingers, while dry conditions in the U.S. West have analysts worried about an influx of market-ready cattle in the coming weeks. “You look at pasture range and it is deteriorating very quickly,” said Ted Seifried, chief ag market strategist […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle pull back on demand uncertainty

CME lean hogs strengthen

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday for a second consecutive session after key contracts reached more-than-four-month highs last week as processors continued to cut into a surplus of market-ready cattle, traders said. Concerns about a piecemeal economic reopening as coronavirus cases flare up across the United States have traders […] Read more
CME October 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Feeder market looking firm for fall

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Reading Time: 2 minutes The western Canadian feeder market was hard to define last week due to the small volumes. Small groups under 10 head were quite common and in many cases, one to three head were running through the ring. Discounts were quite severe on these stragglers; however, quality feeder cattle traded at similar levels to last week. […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle backslide amid cautious slaughter improvements

Lean hogs down on supply backlog

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday, pulling back after a rally last week on signs that meatpackers may be working through backlogs of market-ready cattle, traders said. Although slaughter rates have returned to pre-coronavirus levels, cattle remain heavier after backing up in feedlots when processing plants closed this spring […] Read more
CME August 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle end steady to firmer

Lean hogs dip after weekly advances

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed steady to firm on Friday, stabilizing after a two-session rally attributed to speculative buying and signs that meat packers may have worked through much of a backlog of market-ready cattle, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled unchanged at 103.275 cents/lb. and […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit four-month top

Lean hogs up on export news

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975 […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up with cash values, technical buying

CME lean hog contracts mixed

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Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) closed higher on Wednesday, led by the nearby August contract on signs of firmer cash cattle prices and technical buying, traders said. Market-ready cattle traded in the cash market at $95-$97/cwt in the southern Plains, the U.S. Department of Agriculture reported, after […] Read more
One of the centrepieces of Burger King’s #CowsMenu campaign is a video directed by Michel Gondry featuring U.S. singer and yodeler Mason Ramsey. (Burger King video screengrab via YouTube)
Finishers, Livestock

U.S. beef ranchers sour on Burger King lemongrass ration

RBI arm launches '#CowsMenu' program, 'Reduced Methane' Whopper

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Reading Time: 3 minutes A new U.S. sustainability campaign from one of the world’s biggest fast food chains, training its lens on beef cattle passing gas, has “disappointed” some cattle producers while also proposing its own new feedlot ration as a way to help cut emissions. Burger King, owned by Toronto-based Restaurant Brands International, on Tuesday launched the “#CowsMenu” […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures drift lower on beef demand worries

Hog futures down off Monday's rally

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Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) fell on Tuesday for a second straight session on weak wholesale beef prices and worries about consumer demand, given uncertainty about the health of the U.S. economy, traders said. CME August live cattle futures settled down 0.85 cent at 98.8 cents/lb. and […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market in summer mode

Set-aside program not having much effect yet on prices

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Volumes are quite thin at this time of year, which makes the market hard to define. Steady demand surfaced on quality groups of yearlings and calves, while late stragglers and heavier-flesh feeders were severely discounted. Pasture conditions are favourable across the Prairies and […] Read more

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