Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on […] Read more
Tag Archives Beef Cattle — page 13
U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound
Lean hog futures up in most months
U.S. livestock: April hogs limit down, cattle ease
Chicago | Reuters — U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the COVID-19 coronavirus. Traders worry that shutdowns could back up supplies of livestock by removing markets for the animals. Canada’s largest hog producer, […] Read more
The challenge of raising beef and dairy in a desert
Science Notes: Irrigation to feed crops for cattle in western U.S. drops river levels
Humans are using freshwater resources faster than they can be naturally replenished. In the western United States, for example, water extractions from the Colorado River have exceeded total river flow, causing rapid depletion of water storage reservoirs. In addition, as these water sources dry up, species of fish, plants and animals are also adversely impacted. […] Read more
U.S. livestock: Hog, cattle futures dive as volatile trade continues
Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more
U.S. livestock: Hogs limit down as grocery panic eases
Widespread layoffs raise concern over beef demand
Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more
U.S. livestock: Cattle futures end mostly lower
Hogs also ease as rally pauses
Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more
U.S. livestock: Cattle limit up on beef demand, strong packer margins
Cash hog prices up, pork cutout down
Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more
Klassen: Feeder market remains vulnerable
Compared to last week, western Canadian feeder cattle prices were quite variable. Compared to seven days earlier, Alberta feeder prices were unchanged to $5 lower; however, the markets in northern Alberta, Saskatchewan and Manitoba were down $5 to as much as $10 in some cases. Weakness in the yearling markets spilled over into the lighter […] Read more
U.S. livestock: Cattle futures limit up as beef prices surge
Hog futures also limit up, following cattle higher
Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures on the Chicago Mercantile Exchange […] Read more
U.S. livestock: Hog, cattle futures rise on cash market strength
Chicago | Reuters — U.S. livestock futures rose on Friday on a spate of technical buying as the market tried to recover from its steep discount to the cash market, traders said. Strong demand from consumers at grocery stores due to worries about the coronavirus underpinned the gains. “They want to have as much meat […] Read more
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