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Tag Archives Cattle — page 45

CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle consolidate after hitting new contract high

Chicago lean hogs end lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures consolidated on Friday after setting a string on contract highs recently, while lean hog futures eased. The cattle market looks ripe for a correction after futures rose this month on tightening U.S. supplies, brokers said. However, cattle inventories look even smaller than expected as ranchers […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle set high on Brazil halting beef exports to China

April hogs close lower, June up

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a contract high on Thursday amid hopes that Chinese importers will buy more U.S. beef after rival supplier Brazil suspended shipments to China, analysts said. Brazil said it would halt beef exports to China, the main destination for its overseas shipments, after confirming a […] Read more
CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures sag as pork prices retreat

February live cattle up, April down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Wednesday, retreating from six-week highs set a day earlier as wholesale pork prices backed down after spiking higher early in the week. Live cattle futures closed mixed, underpinned by surging beef prices. At the CME, April hogs settled down 2.55 cents at […] Read more
A microscope-level view of damaged brain tissue from a cow infected with BSE. (USDA photo via U.S. Food and Drug Administration)
Livestock

Brazil to halt beef exports to China after BSE case

Indications point to 'atypical' case

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Sao Paulo | Reuters — Brazil’s beef exports to China will be halted starting Thursday after a case of bovine spongiform encephalopathy (BSE) was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday. The suspension is part of an animal health pact previously agreed between China and Brazil […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures climb

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Chicago Mercantile Exchange (CME) cattle and hog futures came out of their U.S. Presidents Day break trading higher, with front-month live cattle posting eight-year highs. CME February 2023 live cattle touched 164.975 cents/lb. in Tuesday’s trade before closing at 164.75 cents, up 1.175 cents from Friday’s close and the highest close for the front-month contract […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle post near-eight-year highs

Firming cash prices support February, April live cattle; hogs lower

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange set life-of-contract highs on Friday and the front contract hit its highest since 2015 as shrinking cattle supplies lifted cash prices, traders said. Market-ready cattle traded in southern Plains cash markets at $160-$162 per hundredweight (cwt), traders said, steady to $2 higher […] Read more
CME April 2023 lean hogs with 20- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs, most live cattle lower

Feeder cattle futures also down

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Chicago lean hog and cattle futures closed mainly lower Thursday with the exception of front-month February live cattle, which remained on its record-setting upward slope. CME February live cattle finished up 0.225 cent at 162.775 cents/lb., extending the nearly-eight-year high on a continuous chart of the front contract (all figures US$). Most actively-traded April live […] Read more
CME February 2023 live cattle with 20-day moving average and April (dark red line) and June (black line) 2023 live cattle. (Barchart)
Livestock, Markets

U.S. livestock: CME spot live cattle futures near eight-year top

Deferred-month cattle, lean hogs lower

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Chicago | Reuters — Front-month live cattle futures on the Chicago Mercantile Exchange reached a near eight-year high on Wednesday, supported by tightening U.S. cattle supplies and rising wholesale beef prices, while the most actively traded contracts drifted lower as market players awaited more direction from cash cattle markets. CME’s spot February live cattle futures […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle ease on profit-taking

February cattle lower after nearing eight-year top; hogs follow cash prices higher

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Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday on profit-taking after rising to the highest levels in nearly eight years, with worries about the health of the U.S. economy adding to bearish sentiment, analysts said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled down 0.425 cent at 164.675 […] Read more
Ontario Corn Fed Beef has had strong showing at tradeshows in Japan, Taiwan and Vietnam with the return to in-person events.
Livestock, News

Export markets grow for Ontario Corn Fed Beef

Promoting the benefits of Ontario beef has grown the market nationally and internationally

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The pandemic hindered market development for Ontario’s beef industry over the last few years but there were successes. One of them was Chuck’s Roadhouse, a high-volume steakhouse with 60 restaurants that featured Ontario’s Corn Fed Beef (OCFB) this summer, John Baker told Beef Industry Convention attendees last month. Why it matters: Sales volumes of Ontario […] Read more

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