Insights and Stories on Feeder Cattle

Mar. 28, 2023 at 7:50 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped another two-week high on Tuesday before finishing slightly firmer, while lean hog futures ended lower. Technical buying helped support gains in cattle, as the market has rebounded after nearing a two-month low last week, brokers said. A smaller U.S. […]

By Tom Polansek

Mar. 27, 2023 at 11:19 pm CDT

Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle […]

By Jerry Klassen

Mar. 27, 2023 at 7:00 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger and touched their highest prices in more than two weeks on Monday as livestock markets recovered from recent losses, analysts said. The Dow and S+P 500 also ended higher, after turmoil in the banking sector recently weighed on […]

By Tom Polansek

Mar. 23, 2023 at 7:45 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures crumbled to new life-of-contract lows on Thursday, before finishing mixed, on concerns about poor demand for U.S. pork, analysts said. The market has tanked since last week, with additional pressure stemming from weak cash prices and larger-than-expected supplies of hogs. […]

By Tom Polansek

Mar. 22, 2023 at 4:51 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled to contract lows again on Wednesday on concerns about lower demand, analysts said. Worries about the risk for a recession to reduce consumers’ meat purchases hung over livestock markets, particularly for expensive cuts, said Arlan Suderman, chief commodities economist […]

By Tom Polansek