Chicago | Reuters — The U.S. Department of Agriculture on Tuesday raised its forecast for beef production and cattle prices in 2021 and 2022 due to strong demand and heavier […] Read more
Tag Archives feeder cattle
U.S. livestock: USDA lifts estimates for beef production, cattle prices
December live cattle up, lean hogs lower
Klassen: Feeder market on soft slope
Compared to last week, western Canadian yearling prices were steady to $2 lower on average while calves traded steady to as much as $4 lower in certain regions; calves under […] Read more
U.S. livestock: CME live cattle at two-month high on strong beef demand
December hogs follow pork lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high on Monday amid expectations for solid demand for beef, traders said. Gains in cash cattle prices […] Read more
Klassen: Feeder cattle market continues on downward trend
Compared to last week, Western Canadian yearling markets dropped $2 to $4 while calf prices sank $2 to as much as $6 on average. Rising feed grain prices set a […] Read more
Klassen: Feeder cattle market grinds lower
Compared to last week, western Canadian yearling markets were down $2-$5 while calves dropped by $3 to as much as $8. We’re now seeing some medium-quality calves weighing around 550 […] Read more
U.S. livestock: CME live cattle falls as cash market idles
Lower cash, pork prices drag on lean hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 […] Read more
U.S. livestock: CME lean hogs fall on sluggish export sales
Weaker exports drag on cattle also
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third session on Thursday, pressured by weak export activity, traders said. CME December lean hog futures settled […] Read more
U.S. livestock: CME lean hogs down on technical selling, export worries
Chicago cattle futures up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on technical selling and fears that falling Chinese hog prices point to slowing export demand for U.S. […] Read more
U.S. livestock: CME live cattle down on technical selling, uncertain demand
Pork export concerns drag on hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower for a second straight session on Tuesday, retreating from early strength on technical selling and uncertainty about consumer […] Read more
Klassen: Feeder market reflects softer sentiment
Compared to last week, western Canadian yearling markets traded $2-$4 lower; calves over 700 lbs. appeared to hold value; calves weighing less than 700 lbs. were down $3 to as […] Read more