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Tag Archives beef

Photo: File
Livestock, Markets

Klassen: Feeder market recovers from weather discount

By Jerry Klassen April 23, 2024
Compared to last week, backgrounded yearlings traded $4-$8/cwt higher on average. Calves were quite variable with prices quoted from unchanged to as much as $10 higher. Overall, there appeared to be stronger buying interest this week across all weight categories.

Photo: Canada Beef Inc.
Markets, Reuters

U.S. livestock: Live cattle end higher ahead of monthly USDA data

By Julie Ingwersen, Reuters, GFM Network News April 18, 2024
Chicago Mercantile Exchange live cattle futures ended modestly higher on Thursday as traders squared positions ahead of a monthly feedlot report due on Friday from the U.S. Department of Agriculture (USDA), traders said.


(Photo courtesy Canada Beef Inc.)
Markets, Reuters

U.S. livestock: Live cattle extend recovery

By Reuters, Tom Polansek, GFM Network News April 16, 2024
Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.

(Sierrarat/iStock/Getty Images)
Livestock, Markets

Klassen: Adverse weather weighs on Western Canadian feeder market

By Jerry Klassen, GFM Network News April 16, 2024
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.


(Photo courtesy Canada Beef Inc.)
Markets, Reuters

U.S. livestock: Cattle futures sink to multi-month lows

By Reuters, Tom Polansek, GFM Network News April 12, 2024
Technical selling, fund liquidation and demand concerns drove Chicago Mercantile Exchange cattle futures to multi-month lows on Friday, analysts said.

File photo of cattle in a Kansas feedlot. (BeyondImages/E+/Getty Images)
Markets, Reuters

U.S. livestock: Cattle futures turn higher, hog futures rebound

By Reuters, GFM Network News April 11, 2024
Chicago Mercantile Exchange (CME) cattle futures firmed on Thursday, bolstered by technical trading and anticipated consumer demand going into the grilling season, analysts said.


File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Markets, Reuters

U.S. livestock: CME livestock futures turn higher amid rising wholesale prices

By Reuters, GFM Network News April 9, 2024
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday, as continued strength in wholesale prices eased concerns about consumer demand - even as investors grew nervous about ongoing inflationary concerns and rising consumer prices, traders said.

(Geralyn Wichers photo)
Livestock, Markets

Klassen: Buyers step back on feeder cattle due to bird flu

By Jerry Klassen, GFM Network News April 9, 2024
Compared to last week, Western Canadian feeder cattle markets traded $4-$8/cwt lower while some packages of heavier replacements dropped as much as $12/cwt, and three main factors led to weaker prices.


Photo: Canada Beef Inc.
Markets, Reuters

U.S. livestock: CME live cattle futures rise on wholesale prices, technical trade

By Reuters, GFM Network News April 8, 2024
Chicago Mercantile Exchange (CME) live futures turned higher on Monday, as a flurry of technical trading and strength in wholesale prices helped contracts rebound off recent months' lows, traders said.

(Geralyn Wichers photo)
Markets, Reuters

U.S. livestock: Cattle tumble ahead of weekend on bird flu fears

By Reuters, GFM Network News April 5, 2024
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.


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