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Tag Archives Cattle — page 46

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

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

Cash cattle markets firm up

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Chicago | Reuters — U.S. live cattle futures climbed to contract and multi-year highs on Monday on optimism about firming cash cattle prices and tightening U.S. cattle supplies. Most-active April live cattle futures on the Chicago Mercantile Exchange settled up 1.15 cents at 165.1 cents/lb. after recording a contract high at 165.25 cents. Front-month February […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures mixed, remain near highest since 2015

Chicago lean hogs end lower

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Chicago | Reuters — U.S. cattle futures were narrowly mixed on Thursday, consolidating around the near eight-year high hit earlier in the week. Limited supplies in the cash market underpinned futures prices. “The packers will have to bid up to get these animals,” said Dan Smith, senior risk manager at Top Third Ag Marketing. “The […] Read more
Cargill’s Jeffrey Fitzpatrick said the pilot program will compile data for producer credits applied to certified operators who maintained a Canadian Roundtable for Sustainable Beef certification through 2022 into 2023.
Livestock, News

Moving sustainability funds down the supply chain

Cargill offering credits for sustainability, no matter where beef producers are in the supply chain

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A pay equalization pilot program offered by Cargill will ensure all Certified Sustainable Beef Program (CSBP) producers receive a minimum of $400, a Cargill spokesperson says. Cargill recently announced the Certification Recognition Credit, an incremental payment issued in conjunction with existing qualifying cattle credits for cattle processed in 2022. “We want to recognize that just […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures firm, tight supplies underpin

Hogs up off 13-month lows

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by tightening cattle supplies and strong cash trade that continue to push front-month futures to near eight-year highs. “The cash price outlook right now is very firm,” said Doug Houghton, technical analyst at Brock Capital Management. “The overall supply outlook is for […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures ease off highest since 2015

Hogs up off lowest since late 2021

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, snapping an 11-session streak of gains on a profit-taking setback after hitting their highest in more than seven years. Some signs of weakness in the cash markets and concerns about profit margins added pressure. Hog futures were firmer after hitting their lowest in […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures extend winning streak

Front-month live cattle, feeders hit highest since 2015; lean hogs down

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for the 11th session in a row on Monday, hitting their highest in more than seven years as tight supplies continued to fuel a rally. Strength in the cash market added to the gains in cattle futures. But surplus supplies weighed on the hog markets, […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle climb as smaller U.S. herd attracts spec buyers

Chicago lean hogs close mostly higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set life-of-contract highs on Friday as a government report this week showing reduced U.S. cattle supplies continued to inspire speculative buying, traders said. A seasonal slide in wholesale beef prices capped rallies. But traders remained fixated on longer-term supplies after the U.S. Department of Agriculture […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures ease off contract highs

Chicago lean hog values retreat

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday as traders booked profits, one day after the benchmark April contract set a life-of-contract high and the U.S. Agriculture Department reported a three per cent year-on-year drop in the size of the U.S. cattle herd. CME April live cattle […] Read more
The rules around a response to a foot-and-mouth disease outbreak are beginning to shift.
Livestock, News

Push increases for foot-and-mouth vaccine bank

Producers tell federal government that a pound of preparedness is worth an ounce of FMD cure

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If Ontario had an outbreak of foot-and-mouth disease, the financial and mental health consequences would be catastrophic. “There’s $130 million worth of agriculture goods moved back and forth across the (Canada-U.S.) border each day. If there was an outbreak in southwestern Ontario and we were shut down, it would be in the millions, if not […] Read more

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