CME April 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: Cattle, hogs ease on weak exports

Boxed beef prices seen firm

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Thursday, with signs of weakening export demand for beef and pork pressuring prices. Traders also said the cattle market was still ripe for profit taking even after falling on Wednesday. The U.S. Agriculture Department said on Thursday morning export sales of beef […] Read more

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

U.S. livestock: Cattle, hog futures drop but declines limited

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Wednesday, with profit taking noted as prices remained near multi-year highs hit during February. Strength in the cash market limited the declines. Hog futures also were weaker but the market remained underpinned by hopes that recent weakness in soybeans and corn will cut […] Read more


Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also […] Read more

Expiration day for CME’s February 2023 live cattle contract, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures strong

Lean hog futures close mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended firm on Tuesday, with the front-month contract hitting its highest in more than eight years as tight supplies continued to underpin the market. Hog futures ended mixed. Expectations for strong cash prices for the next few months due to tight supplies supported cattle futures. […] Read more


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

U.S. livestock: Cattle futures dip on profit-taking

Chicago lean hog futures also fall

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, with a mild round of profit-taking pulling prices from eight-year highs. But concerns about tight supplies limited the selling. Hog futures also were weaker, pressured by a government report that showed robust stocks of pork. Thinly traded February live cattle futures dipped […] Read more

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

U.S. livestock: CME live cattle consolidate after hitting new contract high

Chicago lean hogs end lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures consolidated on Friday after setting a string on contract highs recently, while lean hog futures eased. The cattle market looks ripe for a correction after futures rose this month on tightening U.S. supplies, brokers said. However, cattle inventories look even smaller than expected as ranchers […] Read more


CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hog futures sag as pork prices retreat

February live cattle up, April down

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Wednesday, retreating from six-week highs set a day earlier as wholesale pork prices backed down after spiking higher early in the week. Live cattle futures closed mixed, underpinned by surging beef prices. At the CME, April hogs settled down 2.55 cents at […] Read more

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

U.S. livestock: Cattle, hog futures climb

Chicago Mercantile Exchange (CME) cattle and hog futures came out of their U.S. Presidents Day break trading higher, with front-month live cattle posting eight-year highs. CME February 2023 live cattle touched 164.975 cents/lb. in Tuesday’s trade before closing at 164.75 cents, up 1.175 cents from Friday’s close and the highest close for the front-month contract […] Read more


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

U.S. livestock: CME live cattle post near-eight-year highs

Firming cash prices support February, April live cattle; hogs lower

Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange set life-of-contract highs on Friday and the front contract hit its highest since 2015 as shrinking cattle supplies lifted cash prices, traders said. Market-ready cattle traded in southern Plains cash markets at $160-$162 per hundredweight (cwt), traders said, steady to $2 higher […] Read more

CME April 2023 lean hogs with 20- and 100-day moving averages. (Barchart)

U.S. livestock: Hogs, most live cattle lower

Feeder cattle futures also down

Chicago lean hog and cattle futures closed mainly lower Thursday with the exception of front-month February live cattle, which remained on its record-setting upward slope. CME February live cattle finished up 0.225 cent at 162.775 cents/lb., extending the nearly-eight-year high on a continuous chart of the front contract (all figures US$). Most actively-traded April live […] Read more