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According to the USDA, Spain’s meat industry has a turnover of more than US$30 billion.
Comment/Columns, Prime cuts

Spain is a meat paradise

Prime Cuts with Steve Kay

By
When one thinks about Spanish cuisine, one of the first things that come to mind is the remarkable array of fish and seafood that you see on every restaurant menu and in every food market. As you know, seafood paella is Spain’s great dish to the world.  But Spain also produces remarkable meat products, notably […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs sag on macroeconomic concerns

Economy raises concern for beef demand

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, extending a pull-back from four-month highs set this week as traders worried about the health of the world economy and softening demand for beef, traders said. CME October live cattle ended down 1.025 cents at 144.85 cents/lb. and the most-active December […] Read more
CME December 2022 lean hogs (candlesticks, right column) with 20- and 100-day moving averages (brown and black lines) and CME cash lean hog index (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs down on weak pork prices, macroeconomic fears

Chicago cattle also end lower ahead of report

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell nearly two per cent on Wednesday as falling wholesale pork prices and worries about the health of the global economy triggered a round of long liquidation, traders said. CME October lean hogs settled down 1.55 cents at 94.425 cents/lb. and most-active December hogs fell […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong cash trade

Nearby hogs lower despite cash strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Weaker Canadian dollar supports feeder market

Weather optimal for bringing in fresh replacements

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Compared to last week, western Canadian yearlings traded steady to $2 higher on average while calves traded $2 higher to $4 lower. The calf market was hard to define due to limited numbers while larger supplies of yearlings were on offer in Manitoba this past week. Alberta packers were buying fed cattle on a dressed […] 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: CME live cattle mixed

Tight supplies underpin futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed to firmer on Monday, supported by diminished supplies of market-ready cattle that should be reflected in the U.S. Agriculture Department’s monthly Cattle on Feed report, due Friday. “It’s been a slow climb, but it’s also predicated on very large demand,” said Dennis Smith, […] Read more
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs end firmer, live cattle stumble

Feeder cattle futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Friday as the market moved up toward cash prices, analysts said. October lean hogs closed 0.85 cent stronger at 96.9 cents/lb. (all figures US$). The contract earlier in the session rose to 96.925 cents, its highest price since Aug. 23. Most-active December […] Read more
CME December 2022 lean hogs (candlesticks, right column) with 20-day moving average (brown line) and CME cash lean hog index (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: December lean hogs hit four-week high

CME live cattle also finish stronger

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a four-week high on Thursday on technical buying and concerns about tightening supplies, analysts said. Demand from pork processors helped underpin futures as packers’ profit margins improved, a broker said. Margins were estimated to be $2.45 per hog, up from a loss of $4.15 […] Read more
CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall

Cattle futures mixed

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Chicago | Reuters — U.S. hog futures fell on Wednesday, turning lower on a round of profit-taking after the most-active December contract hit its highest in more than three weeks early in the trading session. Cattle futures were mixed, with live cattle contracts easing for the second day in a row while feeder cattle futures […] 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: Live cattle futures slip from seven-year peak

Hogs up on technical buying

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell after hitting their highest in seven years on Monday. Feeder cattle futures continued to weaken, with the front-month contract dropping to a five-week low, as the prospect of high feeding costs due to strong corn prices pressured the market. Hog futures firmed on technical […] Read more

Canadian Cattlemen Presents: Depth of Field

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