Insights and Stories on Beef

U.S. livestock: Cattle up on U.S. supply worries

Aug. 9, 2023 at 6:04 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Wednesday as tight U.S. supplies continued to support the market, analysts said. Feeder cattle futures also advanced, while lean hog futures declined. The live cattle market is largely trading sideways in the most-active contract this week after finishing […]

U.S. livestock: CME cattle steady to weak

Aug. 8, 2023 at 6:43 pm CDT

By Mark Weinraub

U.S. livestock: CME cattle firm on steady-higher cash

Aug. 4, 2023 at 3:56 pm CDT

By Christopher Walljasper

U.S. livestock: CME live cattle ease despite cash market support

Aug. 2, 2023 at 5:34 pm CDT

By Christopher Walljasper

U.S. livestock: CME live cattle firms on strong cash market

Aug. 1, 2023 at 5:39 pm CDT

By Christopher Walljasper

Klassen: U.S. feeder markets lead Canadian prices higher

Aug. 1, 2023 at 8:02 am CDT

Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. […]

By Jerry Klassen

U.S. livestock: CME lean hog futures climb on strong demand

Jul. 31, 2023 at 4:53 pm CDT

Chicago | Reuters – Chicago Mercantile Exchange hog futures climbed to nearly four-month highs on Monday, supported by strong demand. “Cash trade got off to a good start. There’s margin out there with where fresh pork values are at. I think that’s helping to move things along,” said Matthew Wiegand, […]

By Christopher Walljasper

U.S. livestock: CME lean hog futures reach one-week high

Jul. 28, 2023 at 4:41 pm CDT

Chicago | Reuters – Chicago Mercantile Exchange livestock futures rose on Friday, with the hog market reaching its highest price in a week as profit margins improved for pork processors. The hog market has turned higher after dropping to a one-week low on Wednesday. Most-active October lean hog futures LHV3 […]

By Tom Polansek

U.S. livestock: live cattle futures end mixed; feeders pressured as corn soars

Jul. 24, 2023 at 7:40 pm CDT

Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group closed mixed on Monday, with nearby contracts pressured by surging feed grain prices and bearish data in Friday’s monthly U.S. Cattle on Feed report. CME August live cattle futures LCQ3 settled down 1.275 cents at 178.750 cents per […]

By Julie Ingwersen

Klassen: tight supplies continue to underpin feeder complex

Jul. 24, 2023 at 8:19 am CDT

Compared to last week, Western Canadian yearling markets traded $2-$5/cwt higher on average while calves were up $5/cwt to as much as $10/cwt in some cases. Feather light calves under 500 pounds reached fresh historical highs with 300-400 pound steers trading from $400-$450/cwt in Southern Alberta. Finishing feedlots continue to […]

By Jerry Klassen