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CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle turn higher

Chicago lean hog futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Friday amid a flurry of technical trading, even as beef prices continued to see a seasonal downturn, traders said. Cash cattle market trades this week continued to be down $2-$3 per hundredweight (cwt), traders said (all figures US$). The U.S. Department of […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures gain as pork prices rise

Cattle futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle down off contract highs on profit-taking

Hogs also down off early strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets, Reuters

Brazil’s JBS reboots plan to list shares in New York

International meat packer hopes for access to lower-cost capital

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Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade. […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and October 2023 lean hogs (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally as pork prices rise

August live cattle touch new contract high

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feeder market consolidates at historical highs

Higher borrowing costs offset lower feed prices

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For the week ending Saturday, western Canadian yearling steer prices were quoted $2-$4 higher; yearling heifers traded $2 higher to $5 lower. Calves were relatively unchanged although volumes were limited. Larger groups of quality genetics were well bid while second tier cattle were marginally discounted off the highs. Some ranches are liquidating yearlings about one […] Read more
CME October 2023 live cattle with 20- and 100-day moving averages and August 2023 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle end higher on firm cash values

Hogs settle lower off recent highs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly higher on Monday on follow-though buying from Friday and carry-over strength from last week’s strong cash cattle market. Cash cattle traded late last week as high as $184-$185 per hundredweight (cwt) in northern feedlot areas, traders said, up from sales of around $178-$182 […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb on firmer cash market

Hogs down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday on tight fed cattle supplies and higher cash market sales in the central U.S. Plains and western Midwest, traders said. Beef packers were in need of cattle to fill near-term operations, including a large Saturday slaughter and a full week of production […] Read more
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle ease on weak cash market

Lean hog futures mostly higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Thursday as a weak tone to the cash market and worries about slowing beef demand weighed on prices, traders said. Livestock traders were monitoring cash market activity at Plains feedlots, where fed cattle were lightly bid at $178/cwt, below the bulk of cash […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures turn lower

Current-year hog futures higher

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Chicago Mercantile Exchange live cattle and feeder cattle futures took a turn lower in resumed trading Wednesday while near-month hogs turned higher. Most-active August live cattle came back off the U.S. Independence Day break down for a second day off Friday’s three-week high, closing Wednesday at 174.95 cents/lb., down 1.875 cents from Monday (all figures […] Read more

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