Chicago Mercantile Exchange live cattle futures dropped on Tuesday in a technical correction from a five-week rally and on concerns that high prices may cool beef demand, according to analysts.
Beef cattle
U.S. livestock: Cattle futures fall on technical trading, retail price caution
Klassen: Calf market ratchets higher
For the week ending October 12, the Western Canadian prices for yearlings off grass and backgrounding operations were relatively unchanged from seven days earlier. The Lethbridge market for calves was up $8-$10 from week-ago levels while calf markets in the non-major feeding regions were up a solid $4-$6 on average.
U.S. livestock: Cattle futures dip on profit-taking
Chicago Mercantile Exchange live and feeder cattle futures fell on Friday as traders pocketed profits following a nearly month-long rally, analysts said.
Dairy beef changes dairy management, beef market
Large increases are seen in price for dairy cows, calves
The rapid rise in beef cattle prices has driven inflation and fundamental change in the dairy sector. Similar to the price for beef calves and cows, cull dairy cows, young cross-bred calves destined for the beef market and fresh milking cows have more than doubled in value.
U.S. livestock: CME cattle futures higher on demand bounce, hogs also up
Chicago Mercantile Exchange live cattle futures bounced back on Thursday as a strong cash market and a bump in beef demand lent support to prices, traders said.
U.S. livestock: Lean hog, cattle futures lower on profit-taking
Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.
U.S. livestock: Lean hogs and cattle continue rally
Chicago Mercantile Exchange lean hog and cattle futures rose on Tuesday as wholesale cutout values remained strong amid a largely positive economic picture, analysts said.
Federal government pledges more than $13 million to animal health, disease readiness
National animal health and disease preparedness has received an influx of more than $13 million in federal cash. The money will be split between AHC's three divisions: Emergency Management, the National Farm Animal Care Council (NFACC) and the Canadian Animal Health Surveillance System.
EU deforestation law delay brings losses to most vigilant companies
Companies that have paid to source agricultural produce that complies with the European Union's anti-deforestation law would lose out if the EU decides to delay implementing the legislation by a year, industry groups and traders said.
Klassen: Feeder markets experience stronger demand
For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
Cyber-Savvy Farmer
