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Tag Archives beef prices

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle slump to two-month low

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Chicago | Reuters — U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, while […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs mostly higher on short-covering

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Chicago | Reuters — U.S. livestock futures were mostly higher on Friday, with cattle prices stabilizing after Thursday’s multiweek lows and hogs consolidating in the middle of their recent trading ranges. Most-active Chicago Mercantile Exchange August live cattle settled 0.675 cents higher at 118.175 cents/lb. (all figures US$). June live cattle futures finished 0.8 cent […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures ease on fund selling

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Chicago | Reuters –– U.S. cattle and hog futures fell one per cent or more on Monday, pressured by chart-based and investment fund selling, traders and analysts said. Lower-than-expected prices in cash cattle markets late last week further weighed on futures, even as rising U.S. wholesale beef prices suggested meat demand remained strong. Chicago Mercantile […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle prices remain firm

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Western Canadian feeder cattle prices were relatively unchanged from week-ago levels, although larger groups of quality cattle were priced $3-$5 higher. Most auction barns reported small packages on offer with a larger variance in quality. However, there was limited slippage, even on late stragglers. Prices were rather surprising, with one producer noting that medium-frame, medium- […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Cattle extend gains as beef prices rise

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Chicago | Reuters — U.S. cattle futures climbed about one per cent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs end mixed on profit-taking

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Chicago | Reuters — U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will buy more meat for outdoor […] Read more

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