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Manitoba’s fall cattle run beginning to wane
Livestock Markets, Markets

Manitoba’s fall cattle run beginning to wane

Better grazing conditions extended the season this fall, which was reflected at auction

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Cattle numbers at auction will likely recede heading into the holidays, says Scott Anderson of Winnipeg Livestock Sales. The fall run has remained strong this year thanks to an about-face in conditions. “The grazing season was so much longer this year than it has been in the past, with all of the moisture we have
CME January 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures firm despite softer cash cattle

Hog futures down as exports disappoint

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Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange climbed on Thursday, supported by sluggish corn futures, while live cattle gains were muted as meatpackers offered lower cash cattle prices this week, traders said. “They’ve backed off a bit in the cash market,” said Doug Houghton, technical analyst at Brock Capital Management.
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle ease on seasonal retail softness

February hogs lower despite export optimism

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange dipped on Wednesday, as easing post-holiday retail demand, combined with strong cash cattle prices, eats into processor profitability. “This week specifically is when we transition to buying for a lower-demand period, post-holidays,” said Rich Nelson, chief strategist at Allendale Inc. “Packer margins are
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market experiences diverse price behaviour

Manitoba calves hold a premium over Sask., Alta.

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Compared to last week, western Canadian yearling markets traded steady to $2 higher while calf prices were unchanged to $4 lower. Yearling supplies are limited and there appeared to be a surge of buying interest for 850-lb. thin-fleshed replacements. Alberta fed cattle basis levels for the second quarter of 2023 have above average and the
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle fall on wholesale beef weakness

Feeder cattle, February hogs also lower

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slid on Tuesday, pressured by falling wholesale beef prices. “We had a really disappointing box beef value fall off to start the week yesterday, and a little follow through today,” said Matthew Wiegand, risk management consultant at FuturesOne. Most retailers have completed purchases
CME January 2023 feeder cattle (candlesticks, right column) with CBOT March 2023 corn (orange line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME feeder cattle firm as corn inputs slide

Live cattle climb higher in deferred months; February hogs also up

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Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed for the fifth consecutive session, as corn, a significant input for producers, continues to fall, traders said. “The feeders have sort of been hobbled for a long time because of the elevated feed price,” said Dennis Smith, livestock analyst and broker at
Reg Schellenberg. (Schellenberg family photo via Canadian Cattlemen)
Beef cattle, Livestock

Canadian Cattle Association president Reg Schellenberg dies

Saskatchewan rancher had led CCA since March

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Updated, Dec. 7 — Western Saskatchewan rancher Reg Schellenberg, who had led the national organization representing Canada’s beef cattle producers since March this year, died suddenly Friday at age 63. The Canadian Cattle Association reported Schellenberg’s death in a release Saturday, adding that the association’s current vice-president, rancher Nathan Phinney of Sackville, N.B., will now
CME January 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME feeder, live cattle firm as trade eyes supplies

February lean hogs close higher

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Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed on Friday, supported by lower feed grain costs and resilient live cattle futures, traders said. “The market has held together well, so there’s optimism there. Then you’ve got the grain market down double digits today, and down the day before,” said Altin
Fall run cattle flow slows
Livestock Markets, Markets

Fall run cattle flow slows

Most of the animals sold are headed east or west rather than south

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The fall run may be winding down as the number of cattle sold at Manitoba auction sites declined for the week ended Nov. 24. All eight auction sites held regular sales during the week and total number of animals going through the rings was 15,449, an 11.3 per cent drop from the previous week that
CME February 2023 lean hogs with 20- and 100-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs firm with supplies in focus

Feeder cattle up on supply expectations

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange firmed on Thursday, erasing the week’s earlier losses as smaller supplies of market-ready hogs offset seasonal pressure. “Fundamentally, we know we’re fairly tight on supplies. We’re not getting expansion,” said Alan Brugler, president of Brugler Marketing. The CME February lean hogs contract added

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