CME

CME Changing Daily Limits For Cattle Trade

Expanded daily trading limits for live cattle and feeder cattle futures could make the convergence on the June futures very interesting about a month from now. CME announced late week that daily limits for live cattle will increase to $8.50 starting June 1st, $10.75 for feeder cattle on the same day. June live cattle started the week yesterday about $10 below the current cash …

feeder cattle

Live Cattle and Feeder Cattle Market Watch

More headlines showing up, wondering if these Iranian rumors and elsewhere headlines across the world setting a commodity trap, especially in the live cattle and feeder cattle trade. We take a look at where the live cattle and feeder cattle futures might find some solid support. Big declines here late week and early week, trying to stabilize August live cattle rolling from June to …

cattle futures

Cattle Futures Setting Contract Highs As Beef Month Starts

Cattle futures are starting the month of May, setting contract highs. May is beef month, as if the beef trade needed any more reason to work higher. Certainly tight numbers showing up in the recent coal storage report. Beef supplies in storage the lowest in 12 years. That total red meat in storage is down 2% from a year ago. June live cattle …

U.S.-UK trade

Insights Provided on US – UK Trade Deal on Beef Exports By Under Secretary

Trade negotiations have been a main focus of the Trump administration and we caught up with Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg to learn how the trade deal between the United States and the United Kingdom will impact beef producers.  Under Secretary Lindberg said, “Yeah, so one of the very first, if not, I think it …

antitrust

USDA Releases Latest Beef Production and Price Forecasts

The U.S. Department of Agriculture has released their latest Beef Production and Price forecasts. World Agricultural Outlook Board Chairman Mark Jekanowski explains,” Our beef production forecast for this year, we lowered by 20 million pounds. This reflects just the fact that we’re anticipating a little bit lower steer and heifer slaughter, partially offset by higher weights and more cow slaughter. But overall …