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Beef cattle

File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Beef cattle, Livestock, Markets

Klassen: Cash feeder prices soften on futures market uncertainty

Supplies are higher than expected as consumers reign in spending

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The live and feeder cattle futures appear to be incorporating a risk discount due to the uncertainty in demand. Consumers are pulling in the reigns on spending. Interest rates are at 40 year highs and inflation remains elevated. Larger supplies and lower demand results in lower prices.
(Glacier FarmMedia staff photo)

Legislation allows Quebec’s UPA to rework funding formula

Bill 28 passes Quebec assembly

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Quebec’s legislative assembly has passed a bill allowing the province’s overarching general farm organization, the Union des producteurs agricoles (UPA), to start the process toward a new funding model. Provincial Agriculture Minister Andre Lamontagne on Thursday announced the passage of Bill 28, which amends legislation governing organization of farming activities and the accreditation of UPA.
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets

Third-quarter profit plunges for JBS

Low U.S. pork prices, beef margins and global chicken glut cited

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Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle up off last week’s sell-off

Lean hog futures also turn higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder futures advanced on Monday in a rebound from recent declines to multi-month lows. Short-covering helped boost the markets, as losses driven by fund liquidation and technical selling last week were overdone, brokers said. The U.S. beef industry still faces tight supplies of cattle, after
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle mixed, feeder cattle firm

Lean hogs up with pork cutout

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended the week mixed on Friday, as traders and analysts said technical and algorithmic trading sent contract prices whipsawing during the session. Feeder cattle futures firmed as Chicago corn futures posted a third straight weekly decline, as grain markets continued to react to a
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle sell-off sends nearby contracts plunging

CME hogs mixed in choppy trade

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the
Sea surface temperature (SST) anomalies for the week centred on Nov. 1, 2023, in degrees Celsius. (CPC.ncep.noaa.gov)
Weather

El Nino to continue through Northern Hemisphere spring, U.S. forecaster says

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Reuters — El Nino weather conditions will continue through the Northern Hemisphere during April-June 2024 with a 62 per cent chance, a U.S. government weather forecaster said on Thursday. “Above-average sea surface temperatures (SST) across the equatorial Pacific Ocean were indicative of a strong El Nino, with anomalies increasing in the central and east-central Pacific
Tracy Wessing trims one of the sheep on display during the commercial shows at Ag Ex 2023.
News

Sheep in the spotlight at this year’s Ag Ex

It was the second year sheep had a major footing at Brandon’s Ag Ex

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The packed barns and hum of activity were par for the course as hundreds of cattle, some from hundreds of kilometres away, squeezed into Brandon’s Keystone Centre Oct. 25-28. Ag Ex, the third and final fair hosted annually by the Provincial Exhibition of Manitoba, has always drawn the cattle crowds. It has typically featured at
Brandon auction books some terrific Tuesdays
Livestock Markets, Markets

Brandon auction books some terrific Tuesdays

Chicago cattle futures have recovered off recent plunge

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Brad Delgaty’s tenure as the new manager of Heartland Livestock Services in Brandon could not have had a better start. Hired to the position last month, Delgaty’s first order of business was to bring HLS Brandon’s regular weekly auction sales back to Tuesdays, ending a short-lived excursion to Friday sales. So far, the schedule change has paid dividends, as
CME December 2023 live cattle with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rally late in session on technical buying

Hogs down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also

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