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Beef cattle

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle under 500 lbs. jump over $400

U.S. beef output expected down in 2024

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Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels.
Smoke billows upwards from the Donnie Creek wildfire south of Fort Nelson, B.C. n June 11, 2023. (Photo: B.C. Wildfire Service handout via Reuters)
Other, Weather

Western Canada covered in smoke as wildfires loosen grip on Quebec

Over 200 of 449 wildfires now out of control

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Ottawa | Reuters — Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early-season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8 million hectares —
AAFC’s Drought Monitor map as of May 31, 2023.
Weather

Drought expands across Canadian Prairies

Dry conditions push eastward in Manitoba

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MarketsFarm — Warm and dry conditions across much of the Prairies in May caused drought conditions to worsen, especially in Alberta, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada. As of May 31, an estimated 79 per cent of the Prairie region was classified as abnormally dry (D0) or in moderate
CME August 2023 lean hogs with 20-day moving average and CME cash lean hog index (brown line). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs extend climb on bargain-buying

Cash prices support cattle futures

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Chicago | Reuters — Benchmark lean hog futures on the Chicago Mercantile Exchange set a one-month high on Monday on short-covering and bargain-buying as the July contract extended its rebound from life-of-contract lows set in late May, traders said. CME July lean hogs settled up 1.975 cents at 91.6 cents/lb. after reaching 93.125 cents, the
RJ Sigurdson, MLA for Highwood, is sworn in on June 9, 2023 as Alberta’s minister of agriculture and irrigation. (Government of Alberta video screengrab via YouTube)
Livestock

Calgary-area MLA named Alberta’s new ag minister

RJ Sigurdson to handle ag file, Horner moves to finance

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The Alberta government’s caucus lead on emergency medical services (EMS) reform has been promoted to handle the agriculture file in a post-election cabinet shuffle. RJ Sigurdson, MLA for the constituency of Highwood, just south of Calgary, was sworn in Friday by Lt.-Gov. Salma Lakhani as Alberta’s new minister of agriculture and irrigation, replacing Nate Horner.
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs touch one-month high

August live cattle lower, feeders up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for
Cattle prices, temperatures stay hot
Livestock Markets, Markets

Cattle prices, temperatures stay hot

Continued dry weather could drive producers to sell

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As a number of cattle auctions prepare for summer shutdown, prices and the thermometer remain high. More than 4,000 cattle went through the rings during the week ended June 1, compared to 2,009 the previous week, and prices continued to move upward. Feeder steers weighing up to 700 lb. were sold for more than $350
File photo of grilled pork intestine on skewers at a street food stall in the Philippines. (Junpinzon/iStock/Getty Images)

Philippines to host Canada’s Indo-Pacific ag office

AAFC/CFIA base to be set up in Manila, Bibeau says

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Canada’s agriculture department and food safety agency will carry out their part of the federal government’s Indo-Pacific strategy from a new office in Manila, Philippines. Federal Agriculture Minister Marie-Claude Bibeau announced the office’s location Wednesday in Ottawa during a meeting with the Canadian Agri-Food Trade Alliance (CAFTA), which represents Canada’s export-dependent ag commodity groups on
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle down second day in a row

Chicago lean hogs close firm

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell Thursday on a wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday. Hog futures closed firm but remained below recent peaks. Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents/lb. (all figures US$).

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