Insights and Stories on Feeder Cattle

Jul. 11, 2024 at 5:23 pm CDT

Chicago Mercantile Exchange (CME) lean hog futures turned higher on Thursday on a spate of bargain-buying, after the most-active August contract LHQ24 set a new low during the session, traders said.

By Heather Schlitz, Reuters

Jul. 10, 2024 at 4:20 pm CDT

CME lean hog futures LHQ24 closed limit down on Wednesday as a hefty oversupply and weak demand from consumers dragged futures lower, traders said.

By Heather Schlitz, Reuters

Jul. 9, 2024 at 4:07 pm CDT

CME live and feeder cattle futures turned lower on Tuesday as cutout values fell and consumer demand waned following the end of major steak-eating holidays, traders said.

By Heather Schlitz, Reuters

Jul. 9, 2024 at 9:25 am CDT

For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.  

By Jerry Klassen

Jul. 8, 2024 at 4:43 pm CDT

Chicago Mercantile Exchange cattle futures turned lower on Monday, shedding a post-holiday rally on demand concerns and news that beef-loving Argentines are cutting back on buying steaks as the country's economy slumps.

By P.J. Huffstutter, Reuters