Insights and Stories on Beef

U.S. livestock: CME lean hogs extend slide to three-month low

Jan. 6, 2023 at 6:48 pm CST

Chicago | Reuters — CME lean hog futures sank to a three-month low and closed weaker for the seventh consecutive session on Friday on concerns about weak demand, brokers said. An increase in hog weights also hung over the market, after recent winter storms delayed processing and backed up livestock […]

U.S. livestock: CME lean hogs touch three-week low

Jan. 5, 2023 at 5:47 pm CST

By Tom Polansek

U.S. livestock: CME hogs weaken, cattle rise as winter storms hit

Jan. 4, 2023 at 7:39 pm CST

By Tom Polansek

McDonald’s reported set to exit Kazakhstan on Russia war spillover

Jan. 4, 2023 at 3:33 pm CST

By Reuters

U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff

Jan. 3, 2023 at 7:43 pm CST

By Tom Polansek

Klassen: Feeder market to start 2023 on firm tone

Jan. 3, 2023 at 1:48 pm CST

There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the […]

By Jerry Klassen

U.S. livestock: CME futures ease on profit-taking, feed prices

Dec. 30, 2022 at 3:50 pm CST

Chicago | Reuters — CME livestock futures eased back on Friday, as traders sought profits after cattle futures hit new contract highs in the previous session and on pressure from a run-up in grains, traders said. U.S. livestock markets will be closed Monday for the New Year holiday. On Tuesday, […]

By P.J. Huffstutter

U.S. livestock: CME live cattle futures hit new highs on tight supplies

Dec. 29, 2022 at 5:38 pm CST

Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector […]

By P.J. Huffstutter

Klassen: Historically high deferred live cattle futures support feeder complex

Dec. 29, 2022 at 12:08 am CST

Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying […]

By Jerry Klassen

U.S. livestock: CME live cattle futures ease, supplies in focus

Dec. 28, 2022 at 6:48 pm CST

Chicago | Reuters — CME live cattle futures eased on Wednesday, after moving higher in the previous session, as traders watch for smaller supplies of market-ready cattle moving through the system, traders said. Snow and ice across the U.S. Great Plains last week will likely also reduce supply, shrinking weights […]

By Christopher Walljasper