CME February 2022 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle, lean hogs ease

Beef supply drawdown 'quite substantial' in October

Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange fell on Wednesday during thin pre-Thanksgiving trade, though analysts said market fundamentals remains supportive. The Chicago Board of Trade (CBOT) will be closed on Thursday for the U.S. Thanksgiving holiday. Reductions in beef cold storage supplies last month should be supportive after the […] Read more

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle, lean hogs ease

Cold storage adds versus year-earlier

Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange eased on Tuesday on softer holiday demand, after climbing to three-week highs a day prior due to tighter-than-expected cattle supplies, traders said. “With a short week, you won’t have to have as aggressive a cash trade to fill out the packer needs for […] Read more


CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle top three-week high on supply worries

Lean hog futures up with slaughter pace

Chicago | Reuters — Live cattle futures exceeded a three-week high at the Chicago Mercantile Exchange on Monday on worries about tightening U.S. supplies, while feeder cattle futures set a two-month high. Traders focused on a monthly U.S. Department of Agriculture report, issued after the market closed on Friday, that showed cattle placements into feedlots […] Read more

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle up on firm cash, speculative buying

February lean hogs end lower

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more


CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle up ahead of monthly USDA report

Lean hogs mostly up in technical trading

Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday for a third straight session on steady to firmer cash cattle markets and position-squaring a day ahead of a monthly U.S. government feedlot report, analysts said. Most-active CME February live cattle futures settled up 1.15 cents at 155.4 […] Read more

CME February 2023 live cattle with 20- and 200-day moving averages. (Barchart)

U.S. livestock: CME live cattle, lean hog futures end higher

Grain values' slip spurs buying

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) ended higher on Wednesday as expectations of tightening cattle supplies and a setback in grain prices sparked a round of buying, traders said. The most-active CME live cattle futures, for February delivery, settled up 1.2 cents at 154.25 cents/lb., a day after […] Read more


CME January 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle near one-month low as corn jumps

Hogs up on China demand optimism

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures neared a one-month low on Tuesday as rising grain prices signaled risks for increased costs for livestock feed, brokers said. Unconfirmed reports that Russian missiles crossed into NATO member Poland fueled gains in corn, wheat and soy futures as traders worried about escalating geopolitical tensions. […] Read more

CME February 2023 live cattle (candlesticks) with 20-day moving average (pink line) and CME December 2022 live cattle (black line). (Barchart)

U.S. livestock: CME live cattle end mostly lower

December, February hog futures up

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but the spot […] Read more


CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME futures fall on grain rally

Beef cutout price drops

Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures slid on Friday as grain futures rallied, underpinned by strong commodities and equities markets, brokers said. The downward trend started when live cattle markets took a hit earlier in the day, when the feeder cattle traders began selling off their positions as corn futures firmed […] Read more

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

Meatpacker JBS’s plunging profit beats forecasts

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat producer, on Thursday said quarterly profit plunged 47.1 per cent, but results still beat analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division. The company posted a third-quarter net profit of 4.01 billion reais (C$1.001 billion), while analysts […] Read more