Chicago Mercantile Exchange live cattle futures fell for a second day on Thursday after reaching three-week highs earlier in the week, as traders awaited the results of the U.S. Department of Agriculture's next Cattle on Feed report, due on Friday.
Feeders
U.S. livestock: Live cattle fall, feeder cattle rise ahead of USDA report
Feed Grain Weekly: Prices ‘percolating sideways’
Transportation issues push up barley prices
As winter conditions descended on Alberta, prices for feed grains bumped up a little, but were otherwise "percolating sideways," stated Jim Beusekom of Market Place Commodities in Lethbridge.
Klassen: Feeder market climbs another step
For the week ending November 16, Western Canadian calves over 650 pounds were up $3-$6/cwt compared to seven days earlier. Calves under 650 pounds traded $4/cwt to as much as $10/cwt higher.
Canadian red meat groups to open advocacy office in Beijing
The Canadian red meat sector will open an advocacy office in Beijing to grow and protect its Chinese market industry groups announced today.
U.S. livestock: Lean hogs fall on technical selling
Chicago Mercantile Exchange lean hog futures dipped Friday on technical selling and a lower pork cutout, while feeder cattle turned higher on strength in the cash market, traders said.
McDonald’s to pay U.S. farmers for feed efficient Enogen corn use
The company is partnering with Syngenta to pay some farmers who use corn with the trait
A partnership between McDonald’s and Syngenta in the United States will pay beef producers to use Enogen corn, which will improve the feed efficiency of cattle and reduce greenhouse gas emissions.
U.S. livestock: Lean hogs dip on profit-taking, wholesale meat prices
Chicago Mercantile Exchange lean hog futures fell on Thursday on profit-taking following recent gains, according to analysts, while declining wholesale meat prices pressured both cattle and hogs.
U.S. livestock: Lean hogs weaken on wholesale pork prices, Goldman roll
Chicago Mercantile Exchange lean hog futures lost ground on Wednesday on weakness in the pork cutout, according to analysts, while cattle futures also retreated on falling wholesale prices.
U.S. livestock: Live cattle recovers on technical trading
Chicago Mercantile Exchange live cattle futures gained strength on Tuesday on technical trading, analysts said, while lean hog futures rose for a second day as traders anticipated growing export demand.
Return of US drought delays cattle-herd rebuilding, hurting Tyson Foods
The return of drought in U.S. cattle-producing areas is delaying ranchers' plans to expand production after the nation's herd shrank to its smallest level in seven decades, farmers and analysts said.