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CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures climb with cash market, beef prices

Lean hog futures up on short-covering

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Chicago | Reuters — U.S. live cattle futures rose for a second straight session on Tuesday, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week. Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns […] Read more
(Dave Bedard photo)
General, Markets

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

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Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up as Wall Street rallies

COVID-19 worries remain in picture

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Chicago | Reuters — U.S. cattle futures ended mostly higher on Monday on spillover support from soaring equities markets, although gains were limited by worries about rising coronavirus infections and likely restaurant closures. News of a second promising COVID-19 vaccine lifted both the S+P 500 and the Dow Jones Industrial Average to record highs on […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures sag as COVID surge threatens meat demand

Demand uncertainty also weighs on hogs

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Chicago | Reuters — U.S. livestock futures slumped on Friday as soaring coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues, analysts said. Cities and states across the country have moved to re-impose restrictions to tame new spikes in COVID-19 infections and hospitalizations. Additional […] Read more
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures move up off one-month low

Lower corn, soy values support feeder cattle

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Chicago | Reuters — U.S. lean hog futures rose on Thursday in a rebound from a one-month low reached in the previous session, while live cattle futures weakened. The hog market’s recovery carried futures to their highest level since Monday. Traders said the market continues to face pressure from large U.S. supplies and uncertainty over […] Read more
Nelson Fagan Jr. greets 10 Charolais cows at his ranch near Conception Bay South in October. (N. Fagan Meats video screengrab via Facebook)
Beef Cattle, Livestock

Newfoundland beef producers backed to develop abattoirs

Three proposals get six figures each; breeding cows also provided

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A provincial call for proposals to boost beef slaughter capacity in Newfoundland and Labrador has yielded three successful applicants. The provincial government on Nov. 5 announced its Beef Industry Enhancement Initiative will provide just over $1.8 million in total to its three successful proposals: $719,750 for Troy Humber of Northern Arm, about 40 km northeast […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures gain on boxed beef strength

Lean hog futures down with slaughter pace

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Chicago | Reuters — U.S. live cattle futures climbed on Wednesday as strength in the cash market and firm beef cutout prices continued to offer support, traders said. “We’ve had a pretty decent rally on the meat side, and I think that’s certainly been a factor,” said Altin Kalo, economist with Steiner Consulting Group. Chicago […] Read more
CME January 2021 feeder cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle futures slump as corn prices surge

Hogs down off Monday's gains

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Chicago | Reuters — U.S. feeder cattle futures ended lower on Tuesday after nearing a six-week high as soaring corn prices signaled that feed costs will increase. Live cattle futures finished near unchanged after setting a fresh four-week high, and lean hog futures weakened. Rising crop prices hung over the markets after the U.S. Department […] Read more
CME January 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures surge on COVID-19 vaccine progress

USDA expected to trim estimates for feed crops

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Chicago | Reuters — U.S. live cattle futures reached a four-week high on Monday and feeder cattle hit their highest prices in more than five weeks as progress toward a COVID-19 vaccine raised hopes for a quick economic recovery from the pandemic and increased beef demand. Lean hog futures also finished firmer. Commodity and equity […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures up despite slower slaughter

December lean hog futures drop

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Chicago | Reuters — U.S. live cattle futures gained slightly on Friday after a week of range trading, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.3 cent higher at 108.65 cents/lb. (all figures US$). CME feeder cattle futures gained 0.525 cents to end at 135.925 cents/lb. For the week, live cattle futures […] Read more

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