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CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend losing streak

Hog futures edge higher

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Chicago | Reuters — Chicago Mercantile Exchange cattle dropped for the sixth day in a row on Thursday, with weakness in the cash market that stemmed from a glut of supplies spilling over into futures prices, traders said. Traders shrugged off signs of rising demand from China, which made its largest weekly U.S. beef purchases […] Read more
CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures drop as supplies assessed

'Maybe the cash cattle market is stalling out here'

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures fell on Wednesday. The cattle market faced pressure from weakness in the cash market that stemmed from the ample supplies reflected in the U.S. Agriculture Department’s Cattle on Feed report issued on Friday. “It is the belief that maybe the cash cattle market is […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise as pork supplies shrink

Texas cash cattle prices down on week

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to their highest level in nearly three months on Tuesday after government data showed that the reopening of pork plants after a rash of COVID-19 shutdowns had not boosted supplies. Cattle futures were lower, pressured by signs of weakness in the cash markets, traders said. […] Read more
The pandemic has boosted interest in Canada’s food system, and beef industry stakeholders see an opportunity to build relationships with the non-farming public.
Features

Food system transparency vital in post-pandemic world

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Industry stakeholders see a window of opportunity to build public trust, but the industry must act before the public’s attention on food production wanes

The importance of transparency isn’t a new concept at Chop Steak­­house, but it’s certainly become amplified this year. Before the COVID-19 pandemic, Canadian consumers were already asking more questions about food production, something Marcel Blais, president of Chop Steakhouse, anticipates will become more common. “We’ve always had really strong practices on food and safety; we’re […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures fall as supplies grow more than expected

U.S. frozen pork inventory at nine-year low

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday, with the market under pressure from a government report that showed supplies were bigger than expected. The U.S. Agriculture Department’s monthly Cattle on Feed report on Friday afternoon showed July placements at 111 per cent of a year ago, above the average estimate […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle slide ahead of USDA report

Lean hogs pull back from gains

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s Cattle on Feed report, released after the markets closed. CME lean hog futures also ended lower, correcting after two days of positive movement, as optimism over rising hog slaughter rates strengthened […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up as slaughter pace reaches pre-COVID levels

Pre-Labour Day buying winds down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Thursday as slaughter rates returned to levels not seen since processing plants closed from COVID-19 outbreaks among workers this spring. Live cattle futures fell as pre-Labour Day buying wound down and the industry awaited Friday’s monthly Cattle on Feed report from the U.S. […] Read more
CME October 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures pull back on shaky demand

CME October live cattle remain flat

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid on Tuesday as traders eyed large seasonal hog supplies against uncertain domestic consumption and weak exports. CME October lean hogs settled 2.1 cents lower at 51.425 cents/lb. (all figures US$). “Supplies are large, and there’s always uncertainty about export demand,” said Doug Houghton, analyst […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle step back after eight-session climb

Hog sector seen having 'curbed expansion'

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures pulled back on Monday in profit taking ahead of the U.S. Department of Agriculture’s Cattle on Feed report at the end of the week, traders said. Live cattle fell for the first day after eight sessions of gains. The pullback reflects uncertainty about the USDA […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle rise on higher beef prices, grilling demand

CME October hogs also settle higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to advance Friday, supported by increasing beef prices and expectations of continued meat demand going into the Labour Day weekend, traders said. Beef prices usually rise heading into the September holiday, when consumers often barbecue either at home or with family and friends. Beef […] Read more

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