Chicago | Reuters — Chicago Mercantile Exchange live cattle futures lost modest ground on Friday, amid caution ahead of Friday afternoon’s cash prices and the U.S. Department of Agriculture’s monthly Cattle on Feed report, traders said. Analysts expect the report to show fewer cattle placed into feedlots last month than a year ago. Spot December […] Read more
Tag Archives cattle on feed — page 23
U.S. livestock: CME live cattle slide before USDA report
U.S. feedlot cattle placements hit nearly 20-year low
Chicago | Reuters — The number of cattle placed into U.S. feedlots last month declined four per cent from a year ago to their lowest level for October since the government began tabulating the data in 1996, a U.S. Department of Agriculture report showed on Friday. October’s placement results nearly matched forecasts by analysts, who […] Read more
U.S. livestock: Lower beef quote undermines CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Thursday after profit-taking and a drop in the day’s wholesale beef price ended a two-day rally, traders said. Spot December and February finished 1.075 cents/lb. lower at 129.9 and 132.05 cents, respectively (all figures US$). Thursday morning’s wholesale choice beef price had fallen […] Read more
Sept. U.S. feedlot cattle placements near 20-year low
Chicago | Reuters — The number of cattle moved into U.S. feedlots in September fell to its lowest since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Last month’s placement results were nearly in line with analysts’ forecasts, mostly based on the fall in prices for […] Read more
U.S. livestock: Bargain hunting, USDA report boost CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed one cent per pound higher at 137 cents, and December ended up 1.375 cents, to 139.75. Traders said CME live cattle were further supported by Friday’s […] Read more
U.S. livestock: CME cattle repeat lows before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to new contract lows, and hit their lowest in 16 months, for a third consecutive session, pressured by lackluster wholesale beef demand, traders said. Investors exercised caution before the U.S. Department of Agriculture’s monthly Cattle on Feed report today at 2 p.m. […] Read more
Fewer cattle placed in U.S. feedlots in May than anticipated
Chicago | Reuters –– The number of cattle placed in U.S. feedlots last month was lower than anticipated, a government report showed on Friday, reflecting healthy pastures that allowed ranchers to grow livestock longer outside of feedyards, said analysts. Producers retained more heifers to help restore the U.S. cattle herd, now at its third lowest […] Read more
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were steady to $2 higher on average with limited sales occurring this past week. The Livestock Markets Association of Canada held its annual convention in Winnipeg on the weekend, so many sales barns were quiet. The market at this time of year is characterized by small packages of various quality, […] Read more
U.S. livestock: CME live cattle, hogs close weak before Memorial Day
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed moderately lower Friday on profit-taking and in response to the U.S. Department of Agriculture’s monthly Cattle on Feed report earlier in the day, traders said. The number of cattle put into U.S. feedlots in April unexpectedly slowed compared with the same month last year. “It’s […] Read more
Prairie feed wheat relatively strong against milling wheat
CNS Canada –– Relative strength in the feed wheat market in Western Canada compared to milling wheat is making feed channels a more attractive option for some growers with lower-end milling wheat left to sell. “Right now, feed is pretty well on par with a lot of the base milling-grade wheats,” said Jared Seitz, trade […] Read more
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