Chicago Mercantile Exchange live cattle futures closed higher for a second session on Wednesday, supported by strong wholesale beef prices and light technical trading ahead of the U.S. July Fourth holiday, traders said.
Tag Archives Beef — page 16
U.S. livestock: Cattle futures end higher in light pre-holiday trade
Klassen: Light volumes characterize feeder market
For the week ending June 29, Western Canadian yearling and calf markets were unchanged from seven days earlier. Many auction barns are in holiday mode and volumes were light, making the market hard to define. Late blooming stragglers and off grade calves were common.
U.S. livestock: Cattle futures lower, hogs higher, on month-end positioning
Flooding in Midwest provides some support for hogs as roads, rail lines washed out around processors
Chicago Mercantile Exchange cattle futures turned lower on Friday on technical trading, month-end positioning and ongoing concerns that high retail beef prices could chill consumer demand later this summer, traders said.
U.S. livestock: Hog futures turn lower ahead of USDA hog-pig report
Chicago Mercantile Exchange lean hog futures turned lower on Thursday, ahead of a quarterly government report that many traders had predicted would show that U.S. farmers had a slightly larger hog herd, traders said.
U.S. livestock: Livestock futures turn higher on technical trading, Midwest floods
Chicago Mercantile Exchange lean hog futures turned higher on Wednesday as fund investors adjusted their positions and sought short-covering, even as many contracts set new lows for a second trading day, traders said.
U.S. livestock: Hogs set contract lows as traders await US herd data
Analysts surveyed by Reuters project that quarterly USDA data will show the herd on June 1 was about 0.8 per cent bigger than a year earlier and that the number of pigs per litter was up 2.3 per cent in the March-May period.
Ontario beef producer stress increases as Cargill strike stretches on
BFO says some financial institutions are offering relief
The strain increases for eastern Canadian beef producers as Cargill’s Guelph Dunlop strike stretches into its fifth week. “We respect and support the collective bargaining process, but the disruption here is placing incredible strain, stress and anxiety on producers,” explained Richard Horne, Beef Farmers of Ontario (BFO) executive director. “And it’s creating cashflow constraints.” The […] Read more
Klassen: Canadian heifer retention tightening feeder supply
Alberta and Saskatchewan heifer placements in the lighter weight categories are down from year-ago levels. Comments from ranchers and order buyers suggest that Western Canadian ranchers are holding back on heifers to expand the herd. This usually results in a narrowing of the steer/heifer spread.
U.S. livestock: Nearby cattle futures rise on strong demand
Chicago Mercantile Exchange (CME) nearby cattle future contracts turned higher on Monday as stronger-than-expected domestic seasonal demand and firm prices in the cash market gave futures a boost, market analysts said.
U.S. livestock: Feeder cattle lower, live cattle mixed ahead of surprising USDA report
Chicago Mercantile Exchange (CME) feeder cattle futures turned lower and live cattle were mixed on Friday, as traders squared positions ahead of a closely-watched monthly feedlot report and anticipated smaller cattle placements, traders said.
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