Chicago Mercantile Exchange (CME) cattle futures rose on Wednesday on technical buying and increasing beef demand ahead of the upcoming U.S. Labor Day holiday, analysts said.
Tag Archives Beef
U.S. livestock: Cattle firms on technical buying as Labor Day nears
U.S. livestock: Cattle rise on stronger beef demand, lower corn prices
Chicago Mercantile Exchange (CME) cattle futures rose on Tuesday with beef demand increasing ahead of the approaching Labor Day holiday and as corn futures dipped following the U.S. Department of Agriculture's weekly crop progress and condition report.
Klassen: Feeder market holds value amid economic uncertainty
Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership. Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.
U.S. livestock: Cattle, lean hog futures firm as economy concerns ease
Chicago Mercantile Exchange (CME) livestock futures turned higher on Friday, as cattle futures rebounded from recent sharp drops in pricing amid a flurry of fund selling.
National Beef Strategy celebrates gains
The Canadian Beef Advisors, comprised of national beef organizations, is celebrating achieving many of the goals in the 2020-24 National Beef Strategy.
U.S. livestock: Cattle, pork futures fall amid fund selling
Chicago Mercantile Exchange (CME) livestock futures turned lower on Thursday, with cattle futures slumping amid a flurry of fund selling and weakening wholesale pricing, traders said.
U.S. livestock: Live cattle mixed, feeder cattle lower; lean hogs ease
Chicago Mercantile Exchange live cattle futures were mixed on Wednesday, and feeder cattle turned lower, as the U.S. dollar continued to recover and livestock traders remained uneasy about the health of the global economy, market analysts said.
Klassen: Feeder rally stalls
For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
U.S. livestock: Live cattle stabilize after sell-off
Chicago Mercantile Exchange live cattle and lean hog futures stabilized on Tuesday after sliding during the previous session on fears that the U.S. may be headed for a recession.
CFIA won’t enforce some ritual slaughter requirements after appeal from Jewish organizations
The CFIA will no longer require three determinations of unconsciousness previously mandated for ritually slaughtered animals after a recent federal court ruling. Jewish organizations and companies had appealed the Canadian Food Inspection Agency (CFIA) regulations in court, claiming they made kosher slaughter difficult, which resulted in a disruption in supply of kosher meat in Canada.
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