beef prices Archives - Page 7 of 21

Klassen: Feeder market experiences fortuitous bounce

By Jerry Klassen, GFM Network News March 31, 2020

Last week, the feeder market started on a very sluggish tone. Buyers were sitting back waiting for the market to establish direction. By Friday, yearling prices were up $2-$4 compared to seven days earlier, while calves were trading $4 to as much as $8 above week-ago levels. Cow-calf producers and backgrounding operators have been holding […] Read more

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

By GFM Network News March 25, 2020

Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more

Livestock, Markets, Reuters

U.S. livestock: Cattle futures limit up as beef prices surge

Hog futures also limit up, following cattle higher

By GFM Network News March 24, 2020

Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures on the Chicago Mercantile Exchange […] Read more

CME February 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Plentiful supply pressures CME hogs

By GFM Network News December 9, 2019

Chicago | Reuters — U.S. hog futures fell on Monday in a turnaround from a two-week high last week, as large inventories pressured prices. Meat packers slaughtered an estimated 496,000 pigs, up from 475,000 a year ago, putting extra pork on the market. U.S. hog supplies are large after farmers expanded their herds to supply […] Read more

Livestock, Reuters

Cargill’s quarterly profit up on beef, egg demand

By GFM Network News September 26, 2019

Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more

Livestock, Markets, Reuters

U.S. livestock: Cattle slide as traders eye weak cash prices

By Tom Polansek, GFM Network News August 31, 2019

Chicago | Reuters — U.S. cattle futures fell on Friday on weakness in the cash market, while hog futures ended mixed. Cattle futures and cash prices have tumbled since a fire at a Tyson Foods slaughterhouse at Holcomb, Kansas, this month removed a key buyer from the market. Some farmers have tried to delay cattle […] Read more

Workers sit outside the Tyson Fresh Meats processing plant at Holcomb, Kan. on Aug. 12, 2019, three days after a fire heavily damaged the facility. (Photo: Reuters/Adam Shrimplin)

Beef Cattle, Livestock, Markets, Reuters

USDA to probe beef market after Tyson plant fire

By GFM Network News August 28, 2019

Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat […] Read more

CME August 2019 hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Hogs near limit up on renewed pork export hopes

By GFM Network News July 17, 2019

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China’s agriculture ministry said a new outbreak of African swine […] Read more

CME August 2019 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Cattle futures weaken as beef prices decline

By GFM Network News July 16, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures slumped on Tuesday as concerns about declining beef prices continued to hang over the markets. Decreasing beef prices have spurred expectations that meat packers such as Tyson and Cargill may be less aggressive when bidding to buy cattle, said Mike Sands, […] Read more

Livestock, Markets, Reuters

U.S. livestock: Live cattle set eight-month low on weak cash prices

By GFM Network News May 8, 2019

Chicago | Reuters — U.S. live cattle futures dropped to an eight-month low on Wednesday on weakness in the cash market and as boxed beef prices declined, traders said. Lean hog futures also came under pressure. Weak cash prices for cattle set a bearish tone for futures that will likely linger for the rest of […] Read more

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Tag Archives beef prices

Klassen: Feeder market experiences fortuitous bounce

U.S. livestock: Cattle futures end mostly lower

U.S. livestock: Cattle futures limit up as beef prices surge

U.S. livestock: Plentiful supply pressures CME hogs

Cargill’s quarterly profit up on beef, egg demand

U.S. livestock: Cattle slide as traders eye weak cash prices

USDA to probe beef market after Tyson plant fire

U.S. livestock: Hogs near limit up on renewed pork export hopes

U.S. livestock: Cattle futures weaken as beef prices decline

U.S. livestock: Live cattle set eight-month low on weak cash prices

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