CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)

U.S. livestock: CME cattle down off contract highs on profit-taking

Hogs also down off early strength

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more

File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)

Alberta lifts feeder loan guarantee limit

Amendment boosts individual limit by 50 per cent

Reading Time: 2 minutes Alberta has boosted the limit on the size of loan available under its Feeder Associations Loan Guarantee program, aiming to help producers keep up against rising livestock prices. An order in council amending the provincial Feeder Associations Guarantee Regulation was approved Monday, raising that program’s individual and joint-membership loan limit to $3 million, from $2 […] Read more


CME August 2023 lean hogs with 20- and 50-day moving averages and October 2023 lean hogs (black line). (Barchart)

U.S. livestock: CME hogs rally as pork prices rise

August live cattle touch new contract high

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more

CME October 2023 live cattle with 20- and 100-day moving averages and August 2023 live cattle (dark red line). (Barchart)

U.S. livestock: CME cattle end higher on firm cash values

Hogs settle lower off recent highs

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly higher on Monday on follow-though buying from Friday and carry-over strength from last week’s strong cash cattle market. Cash cattle traded late last week as high as $184-$185 per hundredweight (cwt) in northern feedlot areas, traders said, up from sales of around $178-$182 […] Read more


CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle climb on firmer cash market

Hogs down on technical selling

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday on tight fed cattle supplies and higher cash market sales in the central U.S. Plains and western Midwest, traders said. Beef packers were in need of cattle to fill near-term operations, including a large Saturday slaughter and a full week of production […] Read more

CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle ease on weak cash market

Lean hog futures mostly higher

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Thursday as a weak tone to the cash market and worries about slowing beef demand weighed on prices, traders said. Livestock traders were monitoring cash market activity at Plains feedlots, where fed cattle were lightly bid at $178/cwt, below the bulk of cash […] Read more


CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures turn lower

Current-year hog futures higher

Reading Time: < 1 minute Chicago Mercantile Exchange live cattle and feeder cattle futures took a turn lower in resumed trading Wednesday while near-month hogs turned higher. Most-active August live cattle came back off the U.S. Independence Day break down for a second day off Friday’s three-week high, closing Wednesday at 174.95 cents/lb., down 1.875 cents from Monday (all figures […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

Reading Time: 2 minutes For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more


CME August 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle firm on choppy corn trade

Live cattle, lean hogs mixed

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased and feeder cattle futures ticked up on Monday, as corn prices faced a choppy trading day at the start of this holiday-shortened week, traders said. Meanwhile, the hog market ended the day mixed, with nearby contracts continuing to be bullish on growing buyer interest, […] Read more

CME October 2023 live cattle with 20-day moving average and August 2023 live cattle (dark red line). (Barchart)

U.S. livestock: CME cattle up as corn prices slide

Chicago lean hog futures end mixed

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high on Friday, lifted by a surge in feeder cattle futures as corn prices tumbled, traders said. Tightening U.S. cattle supplies and a resilient beef market lent support, along with a strong close for the month and quarter on Wall Street that […] Read more