GFM Network News

More News →

Tag Archives beef

Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures fall as corn rises

U.S. beef, pork export sales both up on week

By ,
Chicago | Reuters — CME feeder cattle futures fell on Thursday, retreating back toward a three-month low on prospects for increased input costs for livestock operators due to surging corn prices. “It is the rising feed costs,” said Alan Brugler, president of Brugler Marketing + Management. “With the corn being up another 10 cents today, […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hog, live cattle futures mixed on feed cost concerns

Bargain buying lifts March feeders

By ,
Chicago | Reuters — Nearby U.S. hog and live cattle futures weakened on Wednesday, weighed down by prospects for rising feed costs due to higher prices for corn, soybeans and wheat. But the livestock futures market was strong for many deferred contracts as traders expressed concerns about supplies tightening by the end of the year. […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures rise as corn surge seen squeezing supply

Cash prices pressure nearby live cattle futures

By
Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed its 2020 harvest estimate, with […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle sink on profit-taking, technical selling

Lean hogs, feeder cattle mixed

By
Chicago | Reuters — U.S. cattle futures fell on Monday in a profit-taking and technical-selling setback amid concerns about weaker demand for cattle and beef, traders said. Position rolling by funds, as they closed out long positions in the spot month and bought deferred contracts on the second day of the five-session “Goldman roll” period, […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drift lower on technical selling

Back months in hogs, cattle draw speculators' interest

By ,
Chicago | Reuters — U.S. cattle futures closed lower on Friday on light technical selling, with the spot February contract pressured as speculators rolled long positions into forward months, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled down 0.5 cent at 114.475 cents/lb. (all figures US$). Friday was the first day of […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle end mixed, feeders firm

Cattle take cues from pause in corn rally

By ,
Chicago | Reuters — U.S. cattle futures closed narrowly mixed on Thursday with the spot February contract drifting lower in rangebound trade, awaiting direction from cash markets, while back months firmed on optimism about the U.S. economy, traders said. Feeder cattle futures rose as prices for corn, the main feed grain for cattle, retreated from […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hogs trim as packers work through holiday backlogs

CME cattle futures pressured lower

By ,
Chicago | Reuters — U.S. lean hog futures fell on Wednesday as packers work through backlogs caused by holiday shutdowns, analysts said. Daily hog slaughter regained from holiday pace, with 495,000 head processed compared to 472,000 head the week prior, according to U.S. Department of Agriculture data, but was still short of prior year pace. […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle rally on fund-driven buying

CME lean hogs end narrowly mixed

By ,
Chicago | Reuters — U.S. live cattle futures rose two per cent on Tuesday, bouncing back from a sell-off a day earlier, lifted by speculative buying and broad strength in commodities as investors seek a hedge against inflation, analysts said. Chicago Mercantile Exchange (CME) February live cattle futures settled up 2.75 cents at 115.05 cents/lb. […] Read more
Finishers, Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

By ,
The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 15, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.