Chicago Mercantile Exchange cattle futures closed lower on Tuesday on technical trading and investors adjusting their positions ahead of a series of key government reports, analysts said.
Tag Archives feeder cattle
U.S. livestock: CME cattle futures fall on technical trading ahead of reports
Lean hog futures also ended the day lower
Klassen: Feeder market ends year on mixed sentiment
Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex
Western Canadian feeder cattle markets were unchanged, to as much as $10 lower compared to last week.
Demand for heifers was suffering last week. A weaker tone was noted in the Eastern prairie regions as Ontario demand appeared to evaporate last week. Alberta packers were buying fed cattle on a dressed basis in the range of $368-$370/cwt, down $7-$8 from last week.
U.S. livestock: Cattle extend advances on technical buying, firm equities
Lean hogs end slightly down after early jump
Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday on technical buying and support from firmer equities, analysts said.
U.S. livestock: CME hogs, cattle close at highest levels since November
Gains in the stock market supported livestock futures, analyst says
Chicago | Reuters -- Chicago Mercantile Exchange hog and cattle futures closed at their highest levels since November on Friday as short covering lifted the livestock markets, traders said.
U.S. livestock: CME lean hogs jump following recent slide
Live cattle futures have bounced a bit after sinking last week to a 14-month low
Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.
U.S. livestock: CME hogs decline further as cattle face renewed pressure
"I think we're still trying to hunt for a bottom": analyst
Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.
Klassen: Year-end buying interest boosts feeder market
Feedlot operators gearing up for shortfall in overall numbers in the first half of 2024
Strength was noted in calves under 650 pounds while feeders over 700 pounds were relatively unchanged. Larger packages of weaned quality genetics were $8 to $10 higher in some cases.
U.S. livestock: CME cattle rise with boxed beef prices, bounce from recent decline
CME lean hogs hit lowest price since Nov. 28 contract low
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures advanced on Monday as wholesale beef prices increased and the market rebounded from a 2% slide last week, brokers said.
CME cattle futures rout continues; hogs end lower
Despite small U.S. herd, placement into feedlots have been above last year's levels
Live cattle futures on the Chicago Mercantile Exchange dropped on Thursday to fresh multi-month lows on technical selling and weak beef prices at a time when feedlot supplies of market-ready cattle are rising, analysts said.
Klassen: Feeder market bounces on lower volumes
Feedlot operators believe yearling numbers will be down in March and April
Strength was noted in Manitoba and Saskatchewan while a softer tone was evident in Alberta. Once again, buyers shrugged off the weaker feeder cattle futures and the focus was on filling year-end orders. Alberta and Saskatchewan feedlots are carrying larger numbers but there appears to be sufficient bunk capacity available to sustain the price structure.
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