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Livestock, Markets, Reuters

U.S. livestock: Hog futures mixed, cattle drop

Technical selling pulls cattle futures lower

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Chicago | Reuters — U.S. hog futures were mixed on Monday, with the nearby contract rising on strong export demand while deferreds eased on signs that China was making progress in rebuilding its decimated hog herd, traders said. Strength in the cash market supported the front-month December contract, which rose 2.3 per cent and hit […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures retreat from 11-month high

Cattle futures down on beef demand uncertainty

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Chicago | Reuters — U.S. lean hog futures ended lower on Friday on profit-taking and disappointment over export demand, after prices climbed to the highest level in 11 months. Strong domestic demand for pork continues to underpin hog futures, analysts said, with the most-active December contract surging 39 per cent on the Chicago Mercantile Exchange […] Read more
Beef Cattle, Finishers, Livestock, Markets

Manitoba cattle sector gets COVID-19 AgriRecovery

Program to help offset costs from 'extraordinary feed period'

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Manitoba cattle producers whose usual markets for finished cattle were temporarily out of reach this spring and summer may now be able to offset some of the resulting extra feed bills. Federal Agriculture Minister Marie-Claude Bibeau and her Manitoba counterpart, Blaine Pedersen, on Thursday announced the 2020 Canada-Manitoba Finished Cattle Feed Assistance Program, an AgriRecovery […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures climb to more than 10-month high

Live cattle lower on new lockdown concerns for beef demand

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Chicago | Reuters — U.S. lean hog futures on Thursday soared to their highest prices in more than 10 months, as meat demand continued to strain processor capacity and COVID-19 cases are rising in the United States, traders said. Thursday’s daily U.S. hog slaughter was 490,000 head — 2,000 fewer than the same period last […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound on wholesale strength

Softening cash market drags on hog futures

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Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market digests rising COVID-19 cases

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Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more
Livestock, Markets, Reuters

U.S. livestock: Futures slip on seasonal pressure

Slaughter backlogs remain a drag on live cattle

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Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures fell 1.525 cents, to 108.35 […] Read more

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