Chicago Mercantile Exchange live and feeder cattle futures fell for a second consecutive day on Thursday, pressured by technical selling and profit taking following recent highs, and as wholesale beef prices fell, analysts said.
Beef cattle
U.S. livestock: Cattle futures drop on profit taking, weaker beef values
U.S. livestock: Cattle futures recoil from highs as packer losses deepen
Chicago Mercantile Exchange live and feeder cattle futures dropped on Wednesday in a technical and profit-taking retreat following recent strong gains and as beef packer margins fell deeper in the red, analysts said.
Agriculture groups praise CEPA trade deal with Indonesia
The Canadian Meat Council says a new trade agreement between Canada and Indonesia holds significant potential for meat exporters.
U.S. livestock: Cattle futures bounce on tight supplies, firm cash markets
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rebounded on Tuesday from prior-session declines, continuing a recent climb sparked by tight cattle supplies and firm cash […] Read more
Klassen: Canadian feeder market jumps on trade disruptions
For the week ending November 29, feeder cattle market reports from Manitoba had prices up $20-$40/cwt from week-ago levels. Prices in Saskatchewan and Alberta were up $10 to $20 on average. The market was hard to define this past week with a wide range prices across Western Canada for similar quality and weight cattle.
U.S. livestock: Feeder cattle drop on profit taking after 10-session rally
Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle […] Read more
Tyson Foods to close Kansas meat plant, cutting more than 800 jobs
Tyson Food will permanently close a meat plant in Emporia, Kansas, that employs more than 800 people, according to a letter the company sent to the state on Monday.
U.S. livestock: Feeder cattle hit highest levels since July
Supply concerns and follow-through buying pushed Chicago Mercantile Exchange feeder cattle futures to their highest level since July on Friday after Washington said it may continue blocking imports of Mexican cattle until next year.
Mexico hopes to quickly resolve New World Screwworm case halting cattle exports into US
Mexican President Claudia Sheinbaum said that Mexican and U.S. officials were in contact over a case of New World screwworm (NWS) detected late last week that caused the U.S. to halt imports of Mexican cattle.
U.S. grains: Cattle futures up on strong demand, Mexico border closure
Chicago Mercantile Exchange live and feeder cattle futures rose on Wednesday as a strong cash market and a screwworm outbreak in Mexican cattle added support to futures, analysts said.