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Tag Archives beef

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Rains enhance demand for grass cattle

Deferred cattle futures showing strength

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Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] 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

U.S. livestock: CME cattle tumble on worries of waning demand

Hogs up off recent lows

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Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices […] Read more
CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures down in turnaround from rallies

July lean hogs close higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking, a session after prices reached multi-week highs, brokers said. The market was due to pull back after climbing six per cent since dropping on May 31 to their lowest price since October, brokers said. Strong demand from packers for a […] Read more
File photo of raw and cooked ground beef. (Lime and Lemon Media photo via Canada Beef Inc.)
Beef Cattle, Hogs, Livestock

Beef sector calls for Health Canada label exception

The Canadian Cattlemen's Association wants ground beef exempted from proposed rules

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The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] 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

U.S. livestock: Cattle futures consolidate near peaks

Chicago hog futures fall

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Chicago | Reuters — CME Group cattle futures stabilized near recent highs on Thursday, with strong cash markets and a round of speculative buying underpinning prices. Hog futures fell as the soybean futures market rallied to its highest in nearly 10 years, raising the prospect of higher feed costs. The U.S. Agriculture Department said on […] Read more
CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2) and 200-day moving average (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rally on concerns about supplies

July lean hogs turn lower

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early […] Read more
(Dallasgolden/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

Fifth-generation cattle rancher aims to build biggest U.S. beef plant

Plan could help address U.S. government's beef over beef prices

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Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more
CME August 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures fall as corn prices rise

Supply outlook also a concern

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday, pressured by ample supplies and concerns about feed costs due to high corn prices, traders said. Hog futures were also weak. U.S. beef processors on Monday slaughtered an estimated 125,000 cattle, up from 117,000 a year ago, the U.S. Department of Agriculture […] 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

U.S. livestock: CME live cattle, feeder cattle touch three-week highs

July lean hogs close lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a three-week high in the most-active contract on Friday before ending lower amid pre-weekend profit-taking, analysts said. Feeder cattle futures also exceeded a three-week high, while lean hog futures came under pressure at the CME. Strong demand for cattle from meatpackers and a decline […] Read more

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