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LIVESTOCK-Cattle futures soar as beef prices surge; hog futures follow

Reuters - 3/23/2020 10:22:00 PM
U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium,

Coronavirus hitting livestock markets especially hard

Post-Bulletin - 3/17/2020 6:07:00 PM
The spread of coronavirus has hit agriculture markets hard, especially livestock sectors that fear weak demand as restaurants close in response to the pandemic. As the stock market reels, the commodity sector also has been a casualty of the COVID-19 outbreak.

CME increases daily price limits for March 2020 feeder cattle futures

Feed Stuffs - 3/24/2020 6:15:00 PM
The Chicago Mercantile Exchange (CME) notified the Commodity Futures Trading Commission this week that the CME Group Global Command Center took emergency action regarding price limits of the March 2020 contract month of the Feeder Cattle Futures contract, effective immediately. CME Rule 10202.D. (Daily Price Limits) of the contract applies ...

Covid-19 creates challenges for the cattle industry

The Fence Post - 3/23/2020 9:31:00 PM
According to a news release, Rounds intends to introduce legislation that would direct the Secretary of Agriculture to use Commodity Credit Corporation funds to offset losses cattle producers take in the live and feeder cattle markets. He requests that cattle producers be paid based on USDA’s projected average feeder cattle price, so if their ...

LIVESTOCK-U.S. hog, cattle futures dive as volatile trade continues

Reuters - 3/28/2020 12:04:00 AM
Live cattle and feeder cattle futures also fell sharply. CME June live cattle finished down 4.125 ... but now we are dealing with it and it is really not causing the backup in hog numbers or cattle numbers,” said Dennis Smith, commodity broker for Archer Financial Services in Chicago. “The profit margins are so fantastic (that) these ...

Pandemic pushing cattle prices down, retail beef prices up

Capital Journal - 3/20/2020 2:19:00 AM
The sales ring sells mostly calves born and pastured in South Dakota, usually thousands each Friday, as “feeder cattle,” from 350 pounds to 800 pounds ... For decades, cattle producers have said there is collusion that keep prices low to producers. The pandemic of recent weeks has added a twist: as restaurants have closed, people have ...

SD beef producers reeling from COVID-19 epidemic and price irregularities

Black Hills Pioneer - 3/29/2020 12:00:00 AM
The November “futures” price for beef, or the price producers expect to get ... Finally, Rounds on March 20 submitted legislation that would use federal Commodity Credit Corp. funds “to offset losses cattle producers take in the live and feeder cattle markets.” That program, Rounds said, would be similar to the Market Facilitation ...

Equity market, ag commodities remain volatile

Enid News & Eagle - 3/27/2020 9:00:00 AM
April is on the horizon market watchers. However, the peak of the COVID-19 spread in our country is unfortunately not. The same week that China closed the last temporary hospital