(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures extend slide as corn prices charge higher

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures closed lower on Thursday for the 10th time in the last 11 sessions, pressured by fund-driven long liquidation and soaring corn prices that threaten cattle feeders’ profits, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.4 cents at 115.85 cents/lb. (all figures US$). CME August […] Read more

CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, red lines) and August 2021 feeder cattle (black line). (Barchart)

U.S. livestock: Cattle, hog futures sag on technical selling

Wholesale beef prices supportive

Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle markets experience volatility

Beef prices encourage slaughter pace

Reading Time: 2 minutes Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied […] Read more

CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle bounce after eight-session skid

Lean hogs up on demand, cash prices

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday for the first time in nine sessions as brisk demand for beef and a rally in lean hog futures prompted a round of bargain-buying, traders said. Chicago Mercantile Exchange June live cattle settled up 0.6 cent at 119.2 cents/lb., and August feeder cattle […] Read more

CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle futures extend slide

CME lean hogs rebound

Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures fell on Monday, extending their slide to eight straight sessions on long liquidation and signs that surging wholesale beef prices may have reached a seasonal top, analysts said. Feeder cattle futures felt additional pressure from a jump in Chicago Board of Trade corn futures, a sign […] Read more


CME August 2021 feeder cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle, hogs down on demand concerns

'We got a little bit ahead of ourselves'

Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures fell sharply for the second day in a row on Friday, with the most-active June contract sinking 2.9 per cent to its lowest since March 23. Cattle futures also were weaker, with the June live cattle contract notching its seventh straight losing session. The market was correcting […] Read more

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hogs limit-down on profit-taking

Cattle futures continue lower

Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat […] Read more



CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures edge higher after limit down move

CME cattle futures weak

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed slightly on Tuesday after falling their daily trading limit in the previous session. Traders said the market had run out of steam after rallying to their highest since June 2014 last week. “There no doubt remains questions about the belly’s staying power at these levels […] Read more

CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)

Klassen: Stronger demand drives feeder market

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more