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Pigs

CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle up off last week’s sell-off

Lean hog futures also turn higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder futures advanced on Monday in a rebound from recent declines to multi-month lows. Short-covering helped boost the markets, as losses driven by fund liquidation and technical selling last week were overdone, brokers said. The U.S. beef industry still faces tight supplies of cattle, after […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle mixed, feeder cattle firm

Lean hogs up with pork cutout

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended the week mixed on Friday, as traders and analysts said technical and algorithmic trading sent contract prices whipsawing during the session. Feeder cattle futures firmed as Chicago corn futures posted a third straight weekly decline, as grain markets continued to react to a […] Read more
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle sell-off sends nearby contracts plunging

CME hogs mixed in choppy trade

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the […] Read more
Sea surface temperature (SST) anomalies for the week centred on Nov. 1, 2023, in degrees Celsius. (CPC.ncep.noaa.gov)
General, Weather

El Nino to continue through Northern Hemisphere spring, U.S. forecaster says

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Reuters — El Nino weather conditions will continue through the Northern Hemisphere during April-June 2024 with a 62 per cent chance, a U.S. government weather forecaster said on Thursday. “Above-average sea surface temperatures (SST) across the equatorial Pacific Ocean were indicative of a strong El Nino, with anomalies increasing in the central and east-central Pacific […] Read more
CME December 2023 live cattle with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rally late in session on technical buying

Hogs down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures sink to May lows

CME December hogs continue higher

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Chicago | Reuters — U.S. cattle futures sank to their lowest prices since May on Tuesday on fund liquidation and profit-taking, traders said. Follow-through selling pressured the markets after losses on Monday, along with softer boxed beef prices, traders said. The U.S. Department of Agriculture priced choice cuts of beef at $300.38/cwt, down $1.34 from […] Read more
File photo of a desk in Canada’s Senate. (Dougall_Photography/iStock/Getty Images)
General

Senate votes down C-234 amendments

Changes would have pulled barn and greenhouse heating from carbon price exemptions

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The Senate voted today to reject amendments that would have seen barn and greenhouse heating removed from Bill C-234. In a sitting on the afternoon of Nov. 7, senators voted no to the adoption of amendments made by the committee for agriculture and forestry. Twenty-eight voted yes, and four abstained. The Senate then voted to […] Read more
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle slide on concerns over beef demand

Chicago December lean hogs settle higher

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Chicago | Reuters — Live cattle futures dropped to their lowest level in more than a week at the Chicago Mercantile Exchange on Monday on concerns about the risk for easing demand for U.S. beef. Feeder cattle futures also declined, while lean hog futures ended higher. Lower-than-expected cash cattle prices last week contributed to uncertainty […] 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 down on profit-taking

Cash hog values seen softer

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Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures closed lower on Friday, retreating on a round of profit-taking after the benchmark December contract rose to its highest level in a month. Soft cash hog values, weaker wholesale pork prices and a large weekly hog slaughter added to bearish sentiment. “We’ve had a pretty […] Read more

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