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CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

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Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

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Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated […] Read more
CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

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Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175 […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle firm on economic optimism

CME lean hogs close mostly higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby lean hog futures slide as slaughter rebounds

CME live cattle up on bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

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Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Livestock, Markets

JBS resumes second shift at Alberta beef plant

Out of 650 COVID cases at plant, 11 are 'active'

By ,
Meat giant JBS’s Alberta beef packing plant has resumed two daily shifts as of Thursday, as fewer than a dozen of its 2,600-plus employees are now sidelined by COVID-19. The JBS plant at Brooks, about 170 km east of Calgary, is “slowly returning to two shifts as of today,” the company said Thursday in a […] Read more
Cattleman’s Corner, Livestock, Markets

Cattle producers facing a pandemic market

Options include being prepared to background steers, keep replacement heifers

By
Over the past couple of weeks I’ve received many calls in regards to the market situation for fed and feeder cattle. The conversation usually starts with “What should I do?” This is a very difficult environment, to say the least. The shuttering of one major Alberta beef plant (as of late April) and reduced slaughter […] Read more
Certified beef cattle are pictured on May 13, 2020 at Rancho Estrada in the town of San Agustin, on the outskirts of Ciudad Juarez, Mexico. (Photo: Reuters/Jose Luis Gonzalez)
Beef Cattle, Livestock, Markets, Reuters

More Mexican beef headed to U.S. dinner tables as supply crunch bites

"I think we're going to leap past Canada this year"

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Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new […] Read more
A file photo of cattle mustering in Australia’s Outback. (Hypedesk/iStock/Getty Images)
General, Markets, Reuters

Australia requests China trade talks over beef, barley

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Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after […] Read more

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