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Tag Archives Beef


(Photo courtesy Canada Beef Inc.)
Markets

U.S. livestock: Feeder cattle lower, live cattle mixed ahead of surprising USDA report

By P.J. Huffstutter, Reuters June 21, 2024
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.

(Sierrarat/iStock/Getty Images)
Markets

U.S. livestock: Cattle futures mixed, lean hogs lower on signs of cooling economy

By P.J. Huffstutter, Reuters June 20, 2024
Chicago Mercantile Exchange (CME) cattle futures were mixed on Thursday, with nearby live cattle contracts ticking higher amid signs of strength in the cash market and consumer demand staying firm, market analysts said.

Photo: Canada Beef Inc.
Markets

U.S. livestock: CME cattle futures drift lower, lean hogs down

By P.J. Huffstutter, Reuters June 18, 2024
Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Quality yearlings lead feeder complex higher

By Jerry Klassen June 18, 2024
Western Canadian feeder cattle markets were quoted $5 lower to $5 higher on average in the week ending June 15. However, quality packages of yearlings traded $5 to as much as $10 above week-ago levels 

(Dragos Cojocari/iStock/Getty Images)
Markets

U.S. livestock: CME hogs turn higher on news of China-EU trade fight

By P.J. Huffstutter, Reuters June 17, 2024
Lean hog futures rallied at the Chicago Mercantile Exchange on Monday, as news of a China-EU trade dispute gave contracts a psychological boost, even though it is unlikely to give U.S. producers a new edge, traders and market analysts said.


Photo: Canada Beef
Markets

U.S. livestock: Live cattle end mixed, hogs rise on strong pork exports

By Heather Schlitz, Reuters June 7, 2024
Chicago Mercantile Exchange live cattle futures ended mixed on Friday as wholesale beef price firmed and packer margins improved, but traders remain concerned that cash market values may be near a seasonal peak, analysts said.

A group of men in suits and cowboy hats gather in the auction ring, with young rookie competitors looking anxious.
Livestock

PHOTOS: LMAC’s 25th annual Canadian Livestock Auctioneer Championship

By Diana Martin June 7, 2024
A 19-year-old self-taught auctioneer from Burford, Ont., swept the 25th annual Canadian Livestock Auctioneering Championship, winning Rookie of the Year and Grand Champion at the Livestock Marketing Association of Canada […] Read more

Photo: Canada Beef Inc.
Markets

U.S. livestock: Cattle futures down amid oversupply, weak retail demand

By Heather Schlitz, Reuters June 6, 2024
Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.


Photo: Reuters/Enrique Marcarian
Markets

U.S. livestock: Lean hog futures hit five-month low on oversupply worries

By Heather Schlitz, Reuters June 5, 2024
Lean hog futures closed at their lowest price since January at the Chicago Mercantile Exchange on Wednesday as traders focused on a potential oversupply of U.S. pork heading into the summer barbecue season.

(Agnormark/iStock/Getty Images)
Markets

U.S. livestock: Lean hogs hit January low on concerns over Mexican demand

By Reuters, Tom Polansek June 4, 2024
Lean hog futures dropped to their lowest price since January at the Chicago Mercantile Exchange on Tuesday as weakness in the Mexican peso fueled worries over demand in the biggest export market for U.S. pork, traders said.

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