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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Gains in cattle futures limited by smaller cattle on feed placements

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Monday as drought conditions across the U.S. Southern Plains continue to degrade grazing land, though gains were limited by smaller-than-expected declines in feedlot placements, analysts said. Ranchers have been pushing cattle into feedlots at higher rates as parched grassland struggles to support herds, […] Read more
Federal Ag Minister Marie-Claude Bibeau (r) visits the Ag in Motion outdoor farm show near Langham, Sask. on July 20, 2022. (Greg Berg photo)
General, Weather

Ag ministers lock in next policy funding framework

AgriStability compensation rate to rise; new EGS program planned; some agmins decry feds' approach on fertilizer emission cuts

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The new federal-provincial ag policy funding framework due to take effect next April 1 will include a new ecological goods and services plan and a sweetened compensation rate for AgriStability. Following meetings this week in Saskatoon, federal Agriculture Minister Marie-Claude Bibeau and her provincial and territorial counterparts on Friday mapped out the bones of their […] Read more
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures end higher on firm beef prices

Futures up before new USDA figures released

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by strong beef prices and positioning ahead of U.S. government reports released after the close of the market, traders said. CME August live cattle futures settled up 1.65 cents at 137.375 cents/lb. and most-active October ended up 2.025 cents at […] Read more
Sea Temple of Pura Luhur, Uluwatu, south Bali, Indonesia. (CIA.gov)
Livestock, Reuters

Indonesia’s foot-and-mouth outbreak prompts international measures

'Viral fragments' detected in meats brought into Australia

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Reuters — Australia and New Zealand say they’ve stepped up protections against foot-and-mouth disease (FMD) at their international airports following an outbreak of the disease in Indonesia. Travellers arriving in Australia from Indonesia will now be asked to walk across sanitation foot mats at airports, the latest measure to ramp up Australia’s biosecurity measures, the […] Read more
CME August 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and brown lines) and CME’s cash lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures end mixed

Cash markets lift August hogs; live cattle lower, feeder cattle up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Thursday, with the front August contract gaining against back months as a heat wave in the Midwest and Plains helped support nearby cash hog prices, traders said. CME August lean hog futures settled up 1.425 cents at 116.3 cents/lb. while most-active October […] Read more
CME August 2022 lean hogs (candlesticks) with 20-day moving average (pink line) and CME lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures climb, following cash markets

CME live cattle inch up in lacklustre trade

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday, supported by firm cash markets tied to tight supplies of hogs, traders said. Hot weather in the U.S. midsection added support, posing potential disruptions to the transport of animals. CME August lean hog futures settled 2.05 cents higher at 114.875 cents/lb. […] Read more
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Rising wholesale meat prices lift futures

CME live cattle buck seasonal trends

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended higher on Tuesday as wholesale beef prices rose, bucking seasonal trends and spurring hopes for higher cash cattle prices this week, traders said. CME August live cattle futures settled up 0.1 cent at 135.725 cents/lb. and most-active October ended up 0.5 cent at 141.1 […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: Cattle, hog futures up on hot spell, firm meat prices

Heat wave lowers animals' rate of gain

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday on spillover strength from outside markets including Wall Street, as well as firm wholesale beef prices and worries about hot weather stressing cattle in the Plains and Midwest, traders said. CME August live cattle futures settled up 0.7 cent at 135.625 cents/lb., […] Read more
CME August 2022 live cattle (candlesticks) with 10-, 20- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures weak, hogs slightly higher

Futures gain on the week

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell for the second day in a row on Friday, with expectations that supplies will outstrip demand in the coming months. The most-active August live cattle futures dropped 0.475 cent to settle at 134.925 cents/lb. (all figures US$). The contract fell below its 10-day moving average […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 100- and 200-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

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

Hogs fall on technical setback

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday on a round of profit-taking after three straight days of gains, traders said. Signs of weakness in the cash market also weighed on cattle futures. The front-month feeder cattle contract was setting back from its highest since November 2015. Hog futures fell on […] Read more

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