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Beef cattle

CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures extend losing streak

Feeder cattle turn higher on bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the fourth straight session on Monday, with the most-active June contract hitting a new low, with traders focused on cash market weakness and light demand for pork. In CME cattle futures, feeder cattle contracts rebounded from six straight losing sessions on some bargain
A smoke column rises from a wildfire on May 4, 2023 near Lodgepole, Alta., about 30 km southwest of Drayton Valley. (Photo: Alberta Wildfire handout via Reuters)
Livestock, Other, Weather

Fire and floods across Western Canada force evacuations

Western Alberta towns of Edson, Drayton Valley ordered to evacuate

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Reuters — A week of record-hot weather in Western Canada has forced thousands of people to evacuate their homes, as wildfires rage in parts of Alberta and rapid snow melt triggers flooding across interior British Columbia. By Friday, more than 13,000 people were under evacuation orders in Alberta. As of late Friday afternoon, 91 fires
CME June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Weak pork demand knocks lean hogs to contract lows

June live cattle up; feeder cattle down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures sank to contract lows on Friday on concerns over anemic U.S. demand for pork, analysts said. The dramatic price decline fueled projections among traders that hog farmers may reduce their herds, after losing money for months on each pig they raise. Farmers are grappling with
Fundamentals support strength in cattle prices
Livestock Markets, Markets

Fundamentals support strength in cattle prices

The inflow of cattle at sales includes a notable number of fall calves

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For Allan Munroe and the Killarney Auction Mart, the last few months have been the best of times, as good numbers of cattle continue to flow in and prices are at their highest levels in decades.  “Sales are doing very well these days. We surpassed the best we (have) ever seen before, so it makes
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock

JBS opens cleaning unit after outside firm fined for hiring kids

Company says has cut ties to cleaning contractor

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Chicago | Reuters — JBS USA, one of the biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc. (PSSI), a firm that
File photo of goats on display at the Hanover Agricultural Fair in Grunthal, Man. in August 2019. (Dave Bedard photo)
Livestock

Fairs, exhibitions concerned over new traceability proposals

Event volunteers may lack skills needed, association says

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The Canadian Association of Fairs and Exhibitions (CAFE) says proposed federal regulations regarding livestock traceability are putting animal events across the country at risk. Their concerns centre around new directives centred around moving and tagging which they say would affect Canada’s 5,000 fairs, rodeos and other events. The Canadian Food Inspection Agency has proposed that
CME August 2023 feeder cattle with 10-, 20- and 30-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME feeder cattle stumble to three-week low

June live cattle, lean hogs also lower

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures slumped to their lowest price in more than three weeks on Thursday, while live cattle futures also eased. Traders said the markets were overbought and pressured by technical selling and long liquidation, after feeder cattle set contract highs last month and front-month live cattle futures
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle extend setback to six-week low

Lean hogs follow cattle futures lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled to a six-week low on Wednesday, extending a setback from an all-time high last month as technical selling and long liquidation hit the market, brokers said. Losses in equities also pressured cattle futures amid concerns that weakness in the U.S. economy could depress demand
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle hit five-week low

Technical selling, economic worries add pressure; June hogs up

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest level in more than five weeks on Tuesday as technical selling and concerns about the U.S. economy weighed on prices, analysts said. Economic worries increased after the failure over the weekend of First Republic Bank. Wall Street stock indexes sagged ahead
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle supplies remain snug

Feedlots expect significantly cheaper barley come harvest

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Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10.

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