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(Andreus/iStock/Getty Images)
Crops, Other, Weather

Hay-starved Prairies fertile ground for online scammers

At least $64,000 lost in Alberta alone, RCMP says

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High demand, scarce supplies and rising prices for hay and other feeds due to this summer’s drought on the Prairies have made a market for online scammers, RCMP warn. The urgency driving such transactions may cause ranchers, farmers and farm workers to make purchases “without taking time to properly verify or research production sources,” Alberta
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

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Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing.
File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Markets

Canada concerned about supply chain issues, watching ports ‘closely’

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Reuters –– Canada is concerned about the challenges facing global supply chains and is watching the country’s ports very closely, Finance Minister Chrystia Freeland said on Thursday. Freeland, speaking to reporters in Washington after meetings of the World Bank and International Monetary Fund, said she was broadly optimistic about the strength of Canada’s economic recovery
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs near three-week low amid ample supply

Chicago cattle futures also lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle down on raised beef production forecasts

Pork supply expectations drag on CME December hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Demand for feeder cattle eases

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Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean
CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Profit-taking knocks feeder cattle off high

CME lean hogs seen consolidating

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45
Cattle numbers increase as fall run gets rolling
Livestock Markets, Markets

Cattle numbers increase as fall run gets rolling

Despite higher counts, prices remain sustained

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While last summer’s drought was severely damaging for the cattle industry in Manitoba, the fall run has already got off to a great start. All eight cattle auction sites in the province hosted regular sales during the week ended Sept. 30. “It’s just starting to get going,” said Keith Cleaver, manager of Heartland Livestock Services in Brandon.

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