Insights and Stories on Beef

Klassen: Feeder cattle under 500 lbs. jump over $400

Jun. 12, 2023 at 10:08 pm CDT

Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much […]

U.S. livestock: CME lean hogs extend climb on bargain-buying

Jun. 12, 2023 at 7:39 pm CDT

By Julie Ingwersen

U.S. livestock: CME lean hogs touch one-month high

Jun. 9, 2023 at 5:36 pm CDT

By Tom Polansek

U.S. livestock: CME cattle down second day in a row

Jun. 8, 2023 at 5:14 pm CDT

By Mark Weinraub

U.S. livestock: CME cattle weaken off new contract highs

Jun. 7, 2023 at 4:17 pm CDT

By Mark Weinraub

U.S. livestock: CME cattle rally to contract highs

Jun. 6, 2023 at 5:04 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active […]

By Mark Weinraub

U.S. livestock: CME cattle futures rise, hog futures dip

Jun. 5, 2023 at 4:21 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange extended their rally on Monday, with strong cash prices and technical buyers pushing the market higher. Live cattle contracts have risen for eight straight sessions and feeder cattle contracts have posted gains for five sessions in a row. But hog futures closed weaker […]

By Mark Weinraub

U.S. livestock: CME cattle extend rally on surging cash market

Jun. 2, 2023 at 7:02 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended their run of life-of-contract highs on Friday, supported by a jump in cash cattle prices this week along with rising beef prices, traders said. Benchmark CME August live cattle futures settled up 0.525 cent at 172.9 cents/lb. after posting […]

By Julie Ingwersen

U.S. livestock: CME live cattle soar as cash prices explode

Jun. 1, 2023 at 7:36 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged on Thursday as cash cattle traded as high as US$180/cwt in Texas and Kansas, up to US$9 higher than last week, reflecting strong demand from meat-packers amid rising beef prices and tightening cattle supplies, traders said. CME’s most-active August […]

By Julie Ingwersen

U.S. livestock: CME lean hogs bounce on short-covering

May. 31, 2023 at 7:38 pm CDT

Chicago | Reuters — Benchmark July lean hog futures on the Chicago Mercantile Exchange jumped nearly five per cent on Wednesday, extending their two-day rally to 11 per cent on a round of bargain-buying following a months-long slump, traders said. CME July hogs settled up 3.8 cents at 83.325 cents/lb., […]

By Julie Ingwersen