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Tag Archives Beef


File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Markets

U.S. livestock: CME livestock futures mostly lower on technical trading

By P.J. Huffstutter, Reuters March 11, 2024
Chicago Mercantile Exchange livestock futures closed mostly lower on Monday, as market participants sought profits and continued to adjust their positions as part of the so-called Goldman roll, traders said.

Photo: Deyanarobova/iStock/Getty Images
Markets

U.S. livestock: CME lean hog futures touch three-week low

CME live cattle futures also declined in range-bound trade

By Julie Ingwersen, Reuters March 6, 2024
Chicago Mercantile Exchange lean hog futures fell on Wednesday for a third straight session in largely technical trade, analysts said, with the benchmark April contract LHJ24 dipping to a three-week low.

Photo: Deyanarobova/iStock/Getty Images
Markets

U.S. livestock: Hogs end down after setting contract highs

CME cattle futures advance

By Reuters, Tom Polansek March 5, 2024
Chicago Mercantile Exchange lean hog futures ended lower on profit-taking on Tuesday after the market set contract highs in deferred months, analysts said.

Photo: Stefanlinton/iStock/Getty Images
Livestock, Markets

Klassen: Grassers and herd rebuilding confidence keeps feeders elevated

Major grazing regions of Western Canada receive more than double of normal precipitation in last month

By Jerry Klassen March 5, 2024
The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.

iStock / Getty Images
Markets

U.S. livestock: Lean hogs retreat in nearby contract after rally

Cattle futures declined in a retreat from rallies on Friday

By Reuters, Tom Polansek March 5, 2024
Chicago Mercantile Exchange lean hog futures on Monday ended lower in the front-month contract in a setback from strong recent gains, traders said.


Photo: Canada Beef
Markets

U.S. livestock: Livestock futures rally on technical trading, wholesale pricing

Pork cutout prices firmed, particularly for bellies

By P.J. Huffstutter, Reuters March 1, 2024
Chicago Mercantile Exchange cattle futures rebounded on Friday, capping a volatile week of trading with a flurry of technical moves amid signs that consumer demand for beef remains strong.

Photo: File
Markets

U.S. livestock: Cattle futures continue to slide on profit-taking

Traders weigh potential impacts of Texas Panhandle wildfire's effects on cattle supply

By P.J. Huffstutter, Reuters February 29, 2024
Chicago Mercantile Exchange feeder cattle futures fell again on Thursday, amid ongoing profit-taking as some market participants sought cover as cash prices continue to stay firm, traders said.

Photo: File
Markets

U.S. livestock: CME feeder cattle slide on profit-taking

June hogs set highest price in nearly a year

By Reuters, Tom Polansek February 28, 2024
Chicago Mercantile Exchange feeder cattle futures crumbled on Wednesday on profit-taking after the market reached a four-month high this week, analysts said.


Photo: Michelle Erickson-Jones/iStock/Getty Images
Livestock, Markets

Klassen: Statistics Canada confirms lower feeder cattle supplies

Precipitation in Alberta, Saskatchewan increases demand for grassers

By Jerry Klassen February 27, 2024
Compared to last week, Western Canadian yearling or backgrounded steers prices were quoted $5 to $8 higher; yearling or backgrounded heifers were unchanged to $4 higher. Calves were trading $4 to as much as $10 higher.

File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Markets

U.S. livestock: CME live cattle rise on tighter US supply expectations

June hogs rose to highest level in nearly a year

By Reuters, Tom Polansek February 26, 2024
Chicago Mercantile Exchange live cattle futures crept higher on Monday on expectations that U.S. supplies will continue to tighten, analysts said.

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