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Beef Cattle

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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hogs rally on technical buying, rising pork prices

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Chicago | Reuters – U.S. lean hog futures rose by as much as 3 percent on Tuesday on technical buying and short-covering, and as hopes for expanded pork exports to China more than offset pressure stemming from ample U.S. hog supplies, traders said. Rising pork prices and strong meatpacker margins gave the market further support […] Read more
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Finishers, Livestock, Markets

Klassen: Feeder cattle market consolidation continues

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Western Canadian feeder cattle markets were unchanged from week-ago levels. Larger pre-sort calf sales were held across the prairies. Buying interest was barely sufficient to support the market at the current levels.  The risk tolerance shifted from medium to low this past week. Discounts appeared to be more severe on unweaned and unvaccinated calves. Colder […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices

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Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on hopes for Chinese pork import tariff rollback

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Chicago | Reuters – U.S. lean hog futures closed mostly higher on Thursday on renewed hopes for accelerated U.S. pork sales to China after officials from both countries said an interim trade deal could include a phased rollback of tariffs. The hog market has been highly sensitive to any signs of easing trade tensions between […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hog futures retreat as interim China trade deal delayed

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Chicago | Reuters – U.S. lean hog futures retreated on Wednesday, surrendering nearly all of the prior session’s strong gains on worries about U.S. pork exports to China after a senior White House official said a “phase one” trade deal with the world’s top pork consumer could be delayed. The delay followed news that Canada […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hogs jump in short-covering, technical bounce

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Chicago | Reuters – U.S. lean hog futures rallied on Tuesday in a technical-buying and short-covering bounce from recent lows, underpinned by hopes for accelerated pork sales to China amid surging prices in the world’s largest pork-consuming country, analysts said. Pork prices have surged to record highs in China as African swine fever has decimated […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Livestock, Markets

Klassen: Steady demand seen for all feeder cattle

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Compared to last week, Western Canadian feeder cattle prices were relatively unchanged.  Yearlings supplies were limited in certain regions which caused buyers to shrug off fleshier characteristics in some cases; however, heavier yearlings over 950 pounds were somewhat softer. Finishing feedlots appeared to be more aggressive on heavier, vaccinated or pre-conditioned calves. Many auction barns […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle climb to new six-month peak on rising cash market

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Chicago | Reuters – U.S. live cattle futures scaled a six-month high on Monday, propelled by firming cash cattle and beef prices and strong packer margins, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 0.550 cent at 120.075 cents per pound, its highest level since April 25. February futures gained 0.375 cent […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle set six-month high on fund buying, firm cash prices

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Chicago | Reuters – U.S. live cattle futures shot to a six-month high on Friday and feeder cattle reached their highest prices since May on fund buying and strength in the cash market, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 2.3 cents at 119.525 cents per pound after reaching 119.7 cents, […] Read more

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