Chicago Mercantile Exchange cattle futures fell in a technical reversal on Thursday after three days of gains, while lean hogs rebounded from three days of long-liquidation losses, analysts said.
U.S. cattle: CME cattle futures close lower on technical selling
U.S. facing crucial beef shortages
Prime Cuts with Steve Kay
The shrinking U.S. beef cow herd is raising more concern in the beef industry. Many observers wonder whether there will be enough cattle in the next two years to fill feedlots and beef processing plants and enough beef to satisfy consumer demand. There are no signs that producers have stopped sending more beef cows to […] Read more
U.S. livestock: Live cattle futures close at highest since May on strong cash prices
Chicago Mercantile Exchange cattle futures rose for a third-straight session Wednesday on strong cash cattle prices, as feeder cattle followed, analysts said.
Red Angus roundup weekend a success
Purely Purebred, news from the December 2024 issue of Canadian Cattlemen
On October 12, Red Angus breeders from across Canada and the U.S. gathered at the annual Canadian Red Angus Roundup Sale. Cattle were sold across Canada and U.S.A strong group of females were on offer with sale managed by OBI Livestock Ltd. High-selling pick of the herd: Lot 2 Pick of the heifer calves at […] Read more
U.S. livestock: Cattle futures gain on consumer demand ahead of holidays
Chicago Mercantile Exchange cattle futures rose on Tuesday on technical trading and anticipation of consumer demand remaining strong going into the Christmas holidays, market analysts said.
Klassen: Feeder market continues to surge higher
For the week ending December 7, Western Canadian feeder cattle weighing 700 pounds plus traded $10 to $20 higher compared to seven days earlier. Calves under 700 pounds were up $8 to $10 on average. The markets in Manitoba and Eastern Saskatchewan were premium to Alberta in the heavier categories due to stronger U.S. and Ontario buying interest.
U.S. livestock: Cattle futures gain on wholesale demand, cutout prices
Chicago Mercantile Exchange live cattle futures rose on Monday, bolstered by a bump in wholesale cutout values and signs of ongoing consumer demand, according to analysts.
U.S. livestock: Live cattle mixed as technical selling offsets lift from firm cash
Chicago Mercantile Exchange live cattle futures traded on both sides of unchanged on Friday and finished the day mixed, underpinned by firm cash cattle prices but anchored by technical selling and seasonal pressure, analysts said.
Stronger demand and lower supplies boost price
Market Talk with Jerry Klassen
The December live cattle futures made a low of $173.50 on September 9. At the time of writing this article, the December contract was $189. During September and October, the live cattle futures rallied about $16. In the U.S., the four largest packing firms handle 85 per cent of all steer and heifer purchases. Apparently, […] Read more
U.S. livestock: Cattle futures drop on profit taking, weaker beef values
Chicago Mercantile Exchange live and feeder cattle futures fell for a second consecutive day on Thursday, pressured by technical selling and profit taking following recent highs, and as wholesale beef prices fell, analysts said.
Canadian Cattlemen Presents: Depth of Field
