Chicago | Reuters — Ranchers in July placed 2.7 per cent more cattle in U.S. feedlots than a year ago, the U.S. Department of Agriculture reported on Friday, which fell short of average analysts’ forecasts. Dwindling profits for feedyards, after being paid less for their cattle by packers, discouraged them from buying calves for fattening […] Read more
Tag Archives cattle on feed — page 19
U.S. July feedlot cattle placements smaller than expected
U.S. livestock: Live cattle gain before USDA report, but off highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted modest gains on Friday after investors tweaked positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Analysts polled by Reuters expect the report to show 6.2 per cent more cattle entered feedlots in July than a […] Read more
U.S. livestock: CME live cattle snap back from nine-month low
Chicago | Reuters — Chicago Mercantile Exchange live cattle settled higher on Thursday after short-covering and bargain buying rescued futures from a nine-month low earlier in the session, said traders. Technical buying and positioning before the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday provided more market support. August, which will expire […] Read more
U.S. livestock: Improved cash prices lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said. Technical buying and futures’ discounts to cash returns provided more market support. Investors were awaiting the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday at 2 p.m. […] Read more
U.S. livestock: Live cattle slump on profit-taking, cash caution
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more
U.S. livestock: CME live cattle jump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more
U.S. livestock: Live cattle sharply higher, shrug off USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial […] Read more
U.S. livestock: CME live cattle sag with cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a second straight day on Thursday, pressured by fallen cash and wholesale beef values, said traders. June, which will expire on June 30, closed 0.875 cent/lb. lower at 118.625 cents (all figures US$). Most actively-traded August finished 1.075 cents lower at 114.275 cents. […] Read more
U.S. livestock: Hogs hit one-year high as pork prices extend gains
Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more
Strong demand keeps Prairie feed barley well supported
CNS Canada — Feed barley bids remain well supported in Western Canada, as solid demand and reluctant farmer selling keep the market underpinned heading into the summer months. “There is pretty decent demand. I’d say higher than average for this time of year,” said Brandon Motz, sales manager with CorNine Commodities in Lacombe, Alta. Strong […] Read more
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