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Beef cattle

High prices, optimism buoy beef producers
Livestock Markets, Markets

High prices, optimism buoy beef producers

Tighter cattle supplies have ‘shifted the dynamic’

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This past spring saw a bull market in terms of cattle prices. The fact of fewer animals in North America caused cattle futures on the Chicago Mercantile Exchange, as well as local prices, to surge toward levels unseen in nearly a decade. Manitoba Beef Producers past-president Tyler Fulton, now vice-president of the Canadian Cattle Association,
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle climb on firm cash markets

Chicago lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher for a second session on Wednesday, lifted by strength in the cash market tied to tightening U.S. cattle supplies, traders said, while tumbling corn prices lifted feeder cattle futures. CME August live cattle futures settled up 1.375 cents at 173.875 cents/lb. (all figures US$).
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle end higher, lean hogs mixed

Wholesale beef prices seen softening

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday, rallying after a two-session slide as corn prices dropped and feeder cattle surged, but softening wholesale beef prices hung over the market, traders said. Benchmark CME August live cattle futures settled up 1.9 cents, at 172.5 cents/lb. (all figures US$). October futures
A grazing plan that matches animal numbers to predicted forage yields should be made before turn out.
Forages, Livestock

Making the most of available forage

Start the grazing season with a plan and lower cost of production over time

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Developing a grazing plan is an important first step to ensure effective grazing management on an operation, and it can help save a producer on cost of production in the long run. A grazing plan that matches animal numbers to predicted forage yields should be made before turn out. Several key steps should be included:
Rainfall offers slight improvement for Manitoba crops
Crop Report, Crops, Weather

Rainfall offers slight improvement for Manitoba crops

Manitoba Crop Report: Issue 7 (week 26)

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Overview Rainfall was received in most regions of Manitoba this past week but amounts varied by region from low levels to excessive. Areas that did receive significant rainfall have commented the crops have improved slightly from the previous week. Crop development has been rapid but there is some concern for producers choosing to spray for
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Fed market supports feeder complex

Strength in loonie tempers market upside

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For the week ending Saturday, western Canadian yearlings over 800 lbs. were relatively unchanged. Feeder cattle in the range of 600-700 lbs. were up $4-$8/cwt. The market was hard to define for feeder cattle under 600 lbs. due to limited numbers. Prices for quality calves were unchanged from seven days earlier while straggler types were
CME August 2023 live cattle with 20- and 100-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle weak on large May placements

Slowing beef demand also a factor

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for outdoor grilling following the U.S. Independence Day holiday. Sharply higher feed corn prices early in Monday’s trading session weighed on the live and feeder cattle
CME August 2023 feeder cattle with 30-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle rally as corn prices sag

Live cattle, lean hogs down

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Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising
Cattle prices in a ‘constant climb’
Livestock Markets, Markets

Cattle prices in a ‘constant climb’

Sales might have to resume ahead of schedule if dry weather persists

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Most cattle auction sites in Manitoba held regular sales for the last time this season during the week ended June 15. Killarney and Ashern Auction Marts conducted their final sales of the season on June 12 and 14, respectively. Winnipeg Livestock Sales will begin a bi-weekly summer schedule on June 23, while Gladstone Auction Mart

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