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CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures hit contract lows

Cattle futures also sag

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more
Photo: File
Barley, Corn, Crops, Markets

Feed weekly outlook: Grains steady, waiting on U.S. corn imports

Barley yields might beat StatCan expectations

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MarketsFarm — More feed barley is reportedly making its way into Alberta cattle rations for the time being as recently-harvested supplies are competitive with corn imports from the U.S. While nearby demand is keeping the domestic market reasonably steady, more corn will likely start making its way north over the next month. Feed barley is […] Read more
CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle sag on packer margins, beef export sales

December lean hogs turn slightly lower

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Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more
CME December 2023 live cattle with 20- and 50-day moving averages and June 2024 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mixed as packer margins stay in red

December lean hogs up off Tuesday's contract low; deferred months lower

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
(Geralyn Wichers photo)
Corn, Finishers, Livestock, Markets

Klassen: Ontario demand sets the price structure for calves

Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315

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For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more
CME December 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures rise on supply concerns

Chicago lean hogs slump

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog, cattle futures decline

Pigs seen bulking up on new-crop corn

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Chicago | Reuters — Chicago Mercantile Exchange livestock markets weakened on Monday, with lean hog futures nearing their lowest price in more than four months. Concerns about lacklustre demand for U.S. pork continued to hang over the market, analysts said. Seasonally, hog futures also tend to decline around this time of year as pigs fatten […] Read more
CME December 2023 live cattle with 20- and 50-day moving averages and ICE December 2023 Brent crude (black line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle retreat as energy rally dents beef demand outlook

Lean hog futures mostly also lower

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East conflict as the Israeli military […] Read more
With the calf market becoming more defined as the fall run moves into high gear, mixed steers averaging 500 pounds are readily trading in the range of $415-$425/cwt across the prairies.
Cattleman’s Corner, Markets

There’s a hint of U.S. beef herd expansion

Market Update with Jerry Klassen: Short supplies and consumer demand keep cattle prices near historical highs

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As of late September, Alberta packers were buying fed cattle on a dressed basis at an average price of $390/cwt delivered. Live prices f.o.b. southern Alberta feedlot were quoted in the range of $230-$232/cwt. Fed cattle prices were relatively unchanged from 30 days earlier. Market-ready supplies are down from a year ago on both sides […] Read more
CME December 2023 live cattle with 30-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs rise on technical buying

USDA supply data seen as priced into market

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels. […] Read more

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