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CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle end firm, consolidate below recent highs

Hogs up on discount to cash price index

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending a seasonal slide dating from […] Read more
(File photo)
Livestock, Markets, Poultry/Eggs, Reuters

‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago

Food firms sought to show animal care claims not genuine

By
Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more
The largest factor influencing beef demand is consumer spending.
Beef Cattle, Cattleman’s Corner, Markets

Consumer spending calls the shots on cattle prices

Market Update: History shows U.S. cow-calf producers need one year of historical high prices to trigger large-scale herd expansion

By
U.S. and Canadian cattle prices have been trading near historical highs over the past couple of months. Feedlot margins have been hovering in positive territory throughout the summer. Demand for yearlings and calves has been unprecedented as finishing operators reload for another round of feeding. After consecutive years of financial struggles and drought, cattle producers […] Read more
(HiltonFoods.com video screengrab)
Livestock, Markets

U.K. firm to process meats in Canada for Walmart

Plant would be Hilton Foods' first in North America

By ,
A British-based firm processing proteins for the retail and foodservice sectors plans to set up shop somewhere in Eastern Canada, after reaching a deal to supply meat products to Walmart’s Canadian grocery business. Hilton Food Group announced Thursday it plans to open a new manufacturing plant in that region to supply Walmart Supercentres in Canada […] Read more
CME October 2023 lean hogs with 10-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Chicago hogs turn upward

Cattle futures down on day

By ,
Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up 1.6 cents from Monday, while December closed at 76.25 cents, up 1.825 cents on the day (all figures US$). October hogs had dipped below 82 […] Read more
CME April 2024 live cattle with 20- and 50-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Stronger live cattle futures enhance feeder demand

Feeder cattle supplies look to be lower than anticipated

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Compared to last week, western Canadian grass yearling prices were unchanged to $3/cwt lower on average. Steers held value but heifers had a softer tone. Calf prices were relatively unchanged from seven days earlier. However, weaker barley prices and stronger deferred live cattle prices limited any slippage. The calf market continues to be in price […] Read more
CME October 2023 live cattle, with December 2023 live cattle (dark red O/H/L/C). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies

Lean hogs mixed in technical trading

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Tight supply drives CME live cattle to new highs

Hogs down off Wednesday's one-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). December live cattle settled 2.5 […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Poultry/Eggs

Olymel to consolidate Ontario, Quebec further-processing

Chicken plant at Paris, Ont., and pork plant at Princeville, Que. to close

By ,
Pork and poultry packer Olymel is preparing to permanently shut two further-processing facilities and shift their work to other plants in a new round of consolidation. Olymel, the meat packing arm of Quebec’s Sollio Cooperative, announced Wednesday it will permanently close its pork boning and packaging plant at Princeville, Que. effective Nov. 10, and its […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures ease in technical setback after highs

Nearby lean hogs also down on technical selling

By
Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more

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