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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
(TysonFoods.com)
News

Tyson Foods announces layoffs

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Reuters – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed June 13. The company said it will eliminate 177 positions from an office in downtown Chicago and 51 positions in Downers Grove, a suburb of
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rise, hogs fall

Feeder cattle back in Bollinger range

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts
Ducklings on display at the Red River Ex in Winnipeg on June 20, 2023 stuck to the shady side of the waterer as daytime temperatures maxed out at nearly 36 C. (Dave Bedard photo)
Weather

Prairie Forecast: Shift in the pattern

Issued June 21, covering June 21 to 28

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The weather pattern that brought some record heat to the eastern Prairies, and some significant rains to parts of Alberta, looks like it will be undergoing a bit of change during this forecast period. The overall flow across the Prairies appears as though it will become predominantly northwesterly as an upper low sets up over
CME August 2023 feeder cattle with Bollinger bands (20,2; right scale) and CBOT September 2023 corn (orange line, left scale). (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle down as corn extends rally

Hogs end lower off early gains

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a

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