Insights and Stories on Livestock

CME December 2023 live cattle, Sept. 20, 2023.

U.S. livestock: CME cattle end firm, consolidate below recent highs

Sep. 20, 2023 at 6:51 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending […]

‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago

Sep. 20, 2023 at 3:34 pm CDT

By Mike Scarcella

U.K. firm to process meats in Canada for Walmart

Sep. 19, 2023 at 8:54 pm CDT

By Dave Bedard

U.S. livestock: Chicago hogs turn upward

Sep. 19, 2023 at 7:51 pm CDT

By Dave Bedard

Klassen: Stronger live cattle futures enhance feeder demand

Sep. 19, 2023 at 1:49 am CDT

By Jerry Klassen

U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies

Sep. 15, 2023 at 6:01 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in […]

By Karl Plume

U.S. livestock: Tight supply drives CME live cattle to new highs

Sep. 14, 2023 at 7:20 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). […]

By Tom Polansek

Olymel to consolidate Ontario, Quebec further-processing

Sep. 14, 2023 at 3:47 am CDT

Pork and poultry packer Olymel is preparing to permanently shut two further-processing facilities and shift their work to other plants in a new round of consolidation. Olymel, the meat packing arm of Quebec’s Sollio Cooperative, announced Wednesday it will permanently close its pork boning and packaging plant at Princeville, Que. […]

By Dave Bedard

U.S. livestock: CME cattle futures ease in technical setback after highs

Sep. 13, 2023 at 5:00 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is […]

By Karl Plume

Klassen: Feeder market continues to consolidate

Sep. 12, 2023 at 9:19 pm CDT

Compared to last week, western Canadian grass yearling prices were relatively unchanged. Yearlings over 800 lbs. on light grain rations or on diets mixed with silage were priced at $5 to as much as $20 discount to those cattle coming straight off pasture. Larger groups of uniform quality continue to […]

By Jerry Klassen