Western Canadian feeder cattle markets experienced limited activity over the past week because most auction barns were closed for the holiday season. There was some reported activity in certain regions such as central Alberta and prices were relatively unchanged from seven days earlier. Frigid temperatures tempered buying activity. Feedlots in the nearby area of the […] Read more
Tag Archives cattle futures
Klassen: Feeder market remains firm into 2018
U.S. livestock: CME live cattle retreat from seven-week high
Chicago | Reuters — Chicago Mercantile Exchange live cattle Friday closed lower on technical selling and caution before cash prices by day’s end — but not before futures initially hit a seven-week high, said traders. Investors tweaked positions on the last session of 2017 for CME live cattle that gained 3.4 per cent for the […] Read more
U.S. livestock: Cash price optimism boosts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reached a seven-week high, propelled by expectations for steady-to-higher cash prices by week’s end, said traders. Thursday’s wholesale beef price upswing, short-covering and year-end positioning furthered market advances, they said. December live cattle, which will expire on Friday, closed 2.525 cents/lb. higher at 124.55 […] Read more
U.S. livestock: CME hogs ease from 10-month top on lower cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday slid from a 10-month high, weakened by profit-taking and less money paid by packers for slaughter-ready, or cash, hogs, said analysts. February closed 0.5 cent lower at 71.025 cents (all figures US$). April ended down 0.1 cent, at 75.275 cents. Processors need fewer animals […] Read more
Klassen: Feeder market ends 2017 on positive tone
Compared to last week, western Canadian feeder cattle markets traded $2 to as much as $6 higher. Moderate to stronger buying interest was noted across the Prairies. Once again, feedlot operators were fairly aggressive on quality yearling packages; semi-weaned and weaned calves were a solid $3-$5 higher while unweaned lighter calves experienced minimal price appreciation. […] Read more
U.S. livestock: CME live cattle surge on beef demand, cash price hopes
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday, driven by strong wholesale beef values that generated cash price optimism for this week, said traders. Investors bought deferred months and simultaneously sold December futures before its Dec. 29 expiration. Fund buying contributed to market advances. December live cattle finished up […] Read more
U.S. livestock: CME live cattle mostly lower after USDA report
Chicago | Reuters — The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle on Feed report, said traders. USDA’s data showed more cattle than expected entered feedlots in November than a year ago, which analysts attributed to low-cost feed […] Read more
U.S. livestock: Consolidation lifts CME live cattle ahead of USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday closed higher, after consolidation and short-covering ahead of Friday’s U.S. government cattle report helped the market recoup some recent losses, traders said. Analysts, on average, expect the U.S. Department of Agriculture (USDA) monthly Cattle on Feed report at 11 a.m. CT to show […] Read more
U.S. livestock: Supply worries knock down CME feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle sank on Wednesday to a four-month low, hit by a selloff in live cattle futures as well as expectations for increased supplies, said traders. “You’ve got this cattle report coming out on Friday, and everybody says placement numbers are going to be up,” said JRS Consulting […] Read more
U.S. livestock: Softer cash prices weaken CME hogs
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday were weakened for a second day in a row as ample supplies pressured cash prices, said traders. Fund sales and sell stops exerted more pressure on CME hog contracts, they said. February hogs finished down 0.5 cent/lb. to 66.9 cents, and below the […] Read more