White House comments on increasing imports and larger supplies pressure the cattle market in North America, Jerry Klassen observes.
Tag Archives cattle
White House comments and larger supplies pressure cattle market
The Markets: Expedited Mexican border opening is moving cattle prices lower
Editor’s Rant: The day someone voted for
U.S. farmers and ranchers are mystified by the Trump administration’s latest largesse to Argentina
Thoughts from the editor’s desk on how a foreign government’s decisions — tariffs, revenge tariffs, attempts at market manipulation — all ultimately weigh on the prices farmers and ranchers receive for their work.
U.S. livestock: Cattle futures post limit-down losses
Cattle futures on the Chicago Mercantile Exchange were down by their daily limits on Wednesday, with speculative long liquidation a feature. The December live cattle contract lost 7.250 cents per pound at 220.525 cents. Feeder cattle were down 9.250 cents in the January contract at 319.975 cents per pound. U.S. Agriculture Secretary Brooke Rollins met […] Read more
U.S. livestock: Cattle futures plunge daily limits on beef price fears
Reuters — Most Chicago Mercantile Exchange live cattle and feeder cattle futures contracts fell their respective daily limits on Friday, as efforts by the U.S. to lower historically high beef prices appeared to spark a round of long liquidation by speculators, analysts said. CME benchmark December live cattle futures were down their daily maximum of […] Read more
U.S. livestock: Cattle futures mixed
Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, after dropping sharply the previous session. The December live cattle contract was up by 1.350 cents per pound at 241.175 cents. However, more deferred months were lower. Feeder cattle saw a continuation of Wednesday’s selloff, with the November contract down 2.775 cents at 361.450 […] Read more
Trump quadrupling Argentina beef tariff rate quota to 80,000 tonnes
U.S. President Donald Trump’s administration is quadrupling the tariff rate quota on Argentinian beef to 80,000 tonnes to reduce prices and protect American farmers, a White House official said on Thursday.
U.S. livestock: Cattle futures drop on Trump call for lower prices
Cattle futures on the Chicago Mercantile Exchange dropped sharply on Wednesday, reacting to comments from United States President Donald Trump calling on the cattle sector to lower prices. The December live cattle contract lost 5.600 cents per pound on Wednesday, at 239.825 cents. Feeder cattle were down their daily limit of 9.250 cents per pound […] Read more
Trump urges U.S. cattle ranchers to lower prices as he touts tariffs
U.S. President Donald Trump is calling on cattle ranchers to lower prices
Feeder cattle market has run its course
The Markets: Numerous signs point to the run of profitability for cattle feeders hitting its end
Numerous signs point to the run of profitability for cattle feeders hitting its end, says analyst Jerry Klassen.
U.S. livestock: Live cattle continue higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, seeing a continuation of Monday’s gains as values remain near record highs. The ongoing shutdown of the United States government will likely delay the publication of monthly cattle on feed data scheduled to come out on Friday. However, market expectations are for a […] Read more
Cyber-Savvy Farmer
