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Tag Archives feeder cattle — page 27

CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs soar as U.S. Fed piques investors’ risk appetite

Beef, pork export sales above four-week average

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle and hog futures rose on Thursday following broad strength in Wall Street equities, crude oil and other commodities, as investors’ risk appetite increased a day after the U.S. Federal Reserve kept benchmark interest rates on hold. “The emphasis is really from the ‘risk-on’ macro play, driven […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle firm on cash market optimism

Lean hog futures end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed modestly higher on Wednesday, with the benchmark December contract extending its rebound from a four-month low set last week, buoyed by technical buying and expectations of rising cash cattle prices. Sellers in the Kansas and Texas cash markets were offering slaughter-ready cattle as […] Read more
CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle rise on hopes for cash prices

Hogs also higher; livestock futures down on month

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Chicago | Reuters — Chicago Mercantile Exchange livestock futures crept higher on Tuesday as the cattle markets continued to rebound from multi-month lows reached last week. Expectations for higher cash prices this week and beyond helped to underpin futures, analysts said. Cash prices improved on Friday, compared to the middle of last week. CME October […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Canadian feeder market holds value despite weaker futures

Weaker loonie offers support

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Compared to last week, western Canadian yearling prices traded $3-$5 lower while calf values were relatively unchanged. The market was slightly softer early in the week. On Wednesday, Alberta packers renewed fed cattle bids similar to week-ago levels and the aggressive buying lifted calf prices back up to levels similar to seven days earlier. Adverse […] Read more
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle recover off recent slide, eye cash prices

Lean hogs also align with cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a one-week high on Monday as the market recovered from steep losses last week. Firm prices in the cash market on Friday supported the rebound in futures, brokers said. CME December live cattle futures ended up 1.025 cents at 183.25 cents/lb. (all figures US$). […] Read more
CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME feeder cattle recover off May-level low

Live cattle, lean hogs also higher

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell to their lowest level since May on Friday before ending higher, while live cattle recovered from June lows reached earlier this week. Strength in the cash market helped boost futures, traders said. Reports of meatpackers paying $185/cwt in Texas and $186/cwt in Nebraska represented […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Grains see flat demand, price movement

A clearer picture of new-crop corn availability may provide direction

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MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been […] Read more
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities

Lean hog futures continue higher

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more
CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs rebound after recent losses

'Monday's washout was probably a bit overdone'

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Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures set June lows at CME

Lean hog futures touch contract lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more

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