(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle trade lower

The “one-week wonder” from seven to 10 days ago appears to have evaporated; a softer sentiment blanketed Western Canada this week, with feeder markets dropping $4 to $6 on average. A significant slide in live cattle futures, along with softer cash prices, caused feedlots to move into a risk-averse mentality. Heavier replacements took the brunt […] Read more


(CMEGroup.com)

U.S. livestock: Hog futures jump on fund buying, USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, driven by short-covering and fund buying after contracts broke through technical resistance levels, traders said. They said last Friday’s U.S. Department of Agriculture quarterly hog report stirred additional deferred-month buying. The survey showed modest U.S. herd growth during the December-February quarter […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle snap five-day losing streak

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday settled higher for the first time in six sessions, helped by short-covering before the Easter holiday weekend, traders said. April live cattle ended 0.4 cent/lb. higher at 135.85, and June finished up 0.275 cent at 125.375 (all figures US$). The April contract led […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Lower cash price outlook sends CME live cattle lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle losses lingered into a fifth straight session on Wednesday, led by chart-related selling and anticipation of weaker cash prices by Friday, traders said. April live cattle ended 0.975 cent/lb. lower at 135.45, and June finished 1.05 cents lower at 125.1 (all figures US$). Both contracts settled […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump fourth straight day

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled in bearish territory for a fourth straight session, on leftover selling and fund liquidation after contracts dropped below technical support levels, traders said. April live cattle ended 1.925 cents/lb lower at 136.425, and June finished 1.7 cents lower at 126.15 (all figures US$). Both contracts […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hogs see biggest one-day loss in three months

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday notched their biggest daily loss since last December, hit by technical selling and lower cash price expectations, traders said. April closed 2.1 cents/lb. lower at 69.35 cents, after drifting below the 40-day moving average of 70.31 cents (all figures US$). May ended 2.1 […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle ease ahead of cash prices, USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, weakened by profit-taking as investors wait for market-ready, or cash, cattle to change hands by Friday, traders said. Some traders also positioned themselves for Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. April live cattle ended 0.4 cent/lb. lower […] Read more