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CME February 2023 live cattle with 20-day moving average and April (dark red line) and June (black line) 2023 live cattle. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME spot live cattle futures near eight-year top

Deferred-month cattle, lean hogs lower

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Chicago | Reuters — Front-month live cattle futures on the Chicago Mercantile Exchange reached a near eight-year high on Wednesday, supported by tightening U.S. cattle supplies and rising wholesale beef prices, while the most actively traded contracts drifted lower as market players awaited more direction from cash cattle markets. CME’s spot February live cattle futures […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle ease on profit-taking

February cattle lower after nearing eight-year top; hogs follow cash prices higher

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Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday on profit-taking after rising to the highest levels in nearly eight years, with worries about the health of the U.S. economy adding to bearish sentiment, analysts said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled down 0.425 cent at 164.675 […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle near eight-year highs

Cash cattle markets firm up

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Chicago | Reuters — U.S. live cattle futures climbed to contract and multi-year highs on Monday on optimism about firming cash cattle prices and tightening U.S. cattle supplies. Most-active April live cattle futures on the Chicago Mercantile Exchange settled up 1.15 cents at 165.1 cents/lb. after recording a contract high at 165.25 cents. Front-month February […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm

CME hog futures hold steady

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Chicago | Reuters — U.S. live cattle futures edged higher on Friday, with low animal weights supporting prices that hit their highest in nearly eight years earlier this week. “It’s a trend that doesn’t get reversed quickly, and likely sets us up for lighter weights well into the spring,” brokerage StoneX wrote in a note […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures mixed, remain near highest since 2015

Chicago lean hogs end lower

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Chicago | Reuters — U.S. cattle futures were narrowly mixed on Thursday, consolidating around the near eight-year high hit earlier in the week. Limited supplies in the cash market underpinned futures prices. “The packers will have to bid up to get these animals,” said Dan Smith, senior risk manager at Top Third Ag Marketing. “The […] Read more
U.S. continues with lower beef production
Cattleman’s Corner, Livestock, Markets

U.S. continues with lower beef production

Market Update: Feeder market is sending signals to increase heifer retention and herd expansion

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During the second week of January, Alberta packers were buying fed cattle on a dressed basis at an average price of $312/cwt delivered, up $8-$10/cwt from mid-December. The backlog of market-ready supplies is slowly being alleviated, which has caused the fed cattle basis to strengthen.  Western Canadian carcass weights are now below year-ago levels. Wholesale […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm, tight supplies underpin

Hogs up off 13-month lows

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by tightening cattle supplies and strong cash trade that continue to push front-month futures to near eight-year highs. “The cash price outlook right now is very firm,” said Doug Houghton, technical analyst at Brock Capital Management. “The overall supply outlook is for […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures ease off highest since 2015

Hogs up off lowest since late 2021

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, snapping an 11-session streak of gains on a profit-taking setback after hitting their highest in more than seven years. Some signs of weakness in the cash markets and concerns about profit margins added pressure. Hog futures were firmer after hitting their lowest in […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures extend winning streak

Front-month live cattle, feeders hit highest since 2015; lean hogs down

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for the 11th session in a row on Monday, hitting their highest in more than seven years as tight supplies continued to fuel a rally. Strength in the cash market added to the gains in cattle futures. But surplus supplies weighed on the hog markets, […] Read more

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