Strong demand enhances cattle prices

Market Update: Consumer spending in the U.S. is a major price driver

Fed and feeder cattle prices have been ratcheting higher over the past month due to stronger-than-expected demand. Consumer confidence reached record highs in October and U.S. third-quarter GDP also came in above expectations. This economic data confirms that consumer spending is stronger than anticipated, enhancing overall beef demand. Alberta packers were buying fed cattle in […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle extend slide on long liquidation

Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle sag for sixth straight session

Chicago | Reuters — Chicago Mercantile Exchange February live cattle futures fell Thursday for a sixth straight session, pressured by fund-driven long liquidation, falling cash cattle prices and softening wholesale beef demand, traders said. “Fund liquidation continues be a factor in the meat complex, although lower product prices are adding justification for the selling at […] Read more


A bacon-wrapped pork chop. (PorkBeInspired.com)

U.S. livestock: Lower cash, pork prices pull down CME hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. Fund liquidation further weighed on the market, they said. December hogs, which will expire on Dec. 14, ended down 0.45 cent/lb. at 63.825 cents (all figures US$). Most actively-traded February closed 1.55 […] Read more