feeder cattle Archives | Page 24 of 251

Klassen: Feeder market quiets at year-end

Feeding margins have moved into negative territory, setting a negative tone for replacements

By Jerry Klassen January 2, 2024

The last full week of 2023 was characterized by lower volumes and limited buying interest. Feedlot operators don’t want to weigh down schedules of hired hands over the holidays. Many auction barns were closed for the season while some held bred cows and bred heifer sales.

Lean hogs LEG24 as of Dec. 29. (Barchart)

Markets

U.S. livestock: CME cattle, lean hog futures mixed to lower

China's beef purchases supports live cattle

By P.J. Huffstutter, Reuters December 29, 2023

Chicago Mercantile Exchange (CME) livestock futures were mostly mixed to lower on Friday, on limited technical trading and less-than-robust beef export news ahead of the New Year's holiday.

CME live cattle futures LEG24 on Dec. 28 with moving averages for 20, 50 and 100 days. (Barchart)

Markets

U.S. livestock: CME cattle, lean hog futures weighed by demand questions

Plains blizzards and cold winter weather stressed animals and impacted weight gain

By P.J. Huffstutter, Reuters December 28, 2023

Chicago Mercantile Exchange (CME) livestock futures mostly ended lower on Thursday, as a sluggish cash market weighed on nearly all cattle markets and hog traders continued to wrestle with concerns about demand for hefty pork supplies, analysts said.

Markets

U.S. livestock: CME lean hog, cattle future contracts mixed

Live cattle futures eased on profit-taking and weaker-than-expected cash trades

By P.J. Huffstutter, Reuters December 28, 2023

Chicago Mercantile Exchange (CME) feeder cattle futures firmed on Wednesday, seeing a boost from weakness in the grain market and as the trade tried to spur ranchers to rebuild their herds, analysts said.

Lean hogs HEG24 on Dec. 22 with the 20-day moving average. (Barchart)

Markets

U.S. livestock: CME lean hogs firm, but face bigger-than-expected US herd

Live cattle ended the day down, feeder cattle were up

By P.J. Huffstutter, Reuters December 22, 2023

Chicago Mercantile Exchange lean hogs turned higher on a technical bump on Friday, and cattle futures were mixed on moderate cash trades, traders said.

CME live cattle futures LEG24 on Dec. 21. (Barchart)

Livestock, Markets

U.S. livestock: CME cattle futures face renewed pressure

Lean hog futures ended the day mixed

By P.J. Huffstutter, Reuters December 21, 2023

Chicago Mercantile Exchange cattle futures were mostly sharply lower on Thursday as traders sold off or shifted their positions ahead of a series of key government reports, analysts said.

Livestock, Markets

U.S. livestock: Cattle futures firm on hopes of higher cash prices

The trade is expecting a smaller hog herd, Reuters survey shows

By P.J. Huffstutter, Reuters December 20, 2023

Chicago Mercantile Exchange cattle futures firmed on Wednesday amid technical trading, weakness in U.S. corn futures and hopes of higher cash prices next week as packers close out the year, analysts said.

Live cattle futures LEG24 on Dec. 19 with 20, 50 and 100 day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: CME cattle futures fall on technical trading ahead of reports

Lean hog futures also ended the day lower

By Reuters, Tom Polansek December 19, 2023

Chicago Mercantile Exchange cattle futures closed lower on Tuesday on technical trading and investors adjusting their positions ahead of a series of key government reports, analysts said.

Livestock, Markets

Klassen: Feeder market ends year on mixed sentiment

Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex

By Jerry Klassen December 19, 2023

Western Canadian feeder cattle markets were unchanged, to as much as $10 lower compared to last week. Demand for heifers was suffering last week. A weaker tone was noted in the Eastern prairie regions as Ontario demand appeared to evaporate last week. Alberta packers were buying fed cattle on a dressed basis in the range of $368-$370/cwt, down $7-$8 from last week.

Live cattle LEG24 for Dec. 18 with moving averages for 20, 50 and 100 days. (Barchart)

Markets

U.S. livestock: Cattle extend advances on technical buying, firm equities

Lean hogs end slightly down after early jump

By Reuters, Tom Polansek December 18, 2023

Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday on technical buying and support from firmer equities, analysts said.