Chicago Mercantile Exchange (CME) cattle futures extended their rally on Wednesday, as market hopes for continued gains in the cash market gave prices a strong boost, market analysts said.
Feeders
U.S. livestock: Cattle futures extend rally on cash market hopes; hogs lower
U.S. cattle: Cattle futures bounce higher on technical trading, hogs mixed
Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid a flurry of technical trading, weakness in corn futures Cv1 and strength in the wholesale beef pricing, market analysts said.
Klassen: Yearling price trend stalls while calves ratchet higher
Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.
U.S. livestock: CME livestock futures mostly lower on technical trading
Chicago Mercantile Exchange livestock futures closed mostly lower on Monday, as market participants sought profits and continued to adjust their positions as part of the so-called Goldman roll, traders said.
Feds announce $1.7 million for foreign animal disease prevention
Cash boosts Animal Health Canada's efforts to prevent and prepare for ASF, FMD
The federal government has pledged up to $1.7 million toward foreign animal disease prevention, the federal agriculture minister announced today.
Feed grain weekly outlook: Growers looking at the skies, prices
Barley prices should decline in later spring as growers sell, analyst says
Despite recent weather bringing much-needed moisture into southern Alberta, dryness remains a concern in the region weeks before the start of seeding.
U.S. livestock: CME lean hog futures touch three-week low
CME live cattle futures also declined in range-bound trade
Chicago Mercantile Exchange lean hog futures fell on Wednesday for a third straight session in largely technical trade, analysts said, with the benchmark April contract LHJ24 dipping to a three-week low.
Lower U.S. calf crop supports cattle complex
Conditions are developing that should support record calf prices next fall
The Alberta fed cattle market remains under pressure due to a buildup of market-ready cattle, larger carcass weights and seasonally low demand. During the last week of January, Alberta packers were buying fed cattle on a dressed basis in the range of $360-$365 per hundredweight delivered. Live bids f.o.b. feedlot in southern Alberta were quoted […] Read more
U.S. livestock: Hogs end down after setting contract highs
CME cattle futures advance
Chicago Mercantile Exchange lean hog futures ended lower on profit-taking on Tuesday after the market set contract highs in deferred months, analysts said.
Klassen: Grassers and herd rebuilding confidence keeps feeders elevated
Major grazing regions of Western Canada receive more than double of normal precipitation in last month
The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.