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Beef cattle, News

FCC launches sustainable beef incentive

Producers with a loan from FCC and certification from the Canadian Roundtable for Sustainable Beef can apply for an extra payday

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Farm Credit Canada (FCC) wants to pay its beef sector clients for joining up with the Canadian Roundtable for Sustainable Beef (CRSB). On May 24, the company announced its FCC Sustainability Incentive Program. The program promises a yearly payment to producers who are certified through the CRSB, up to maximum of $2,000. Producers can reapply for the payment
CME July 2022 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog index (pink line). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs firm on summer demand, tight supplies

Lower corn futures support feeder cattle

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures firmed on Wednesday, supported by strong demand that has pushed cash prices higher. “We’re still looking at tighter supplies in front of us,” said Rich Nelson, chief strategist at Allendale Inc. Pork demand firms during the summer, with U.S. grilling holidays such as Father’s
CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets

U.S. livestock: Hog, cattle futures fall despite strong demand

Markets see 'a risk-off day'

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures fell on Tuesday, amid outside pressure from agricultural markets, despite strength from strong slaughter and cash hog prices. “We just had a risk-off day,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “Cash trade kicked up and is trading above the board.” The CME’s
CME June 2022 lean hogs (candlesticks) with 20-, 40- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: June hogs touch four-week high

June, August live cattle futures up slightly

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Chicago | Reuters — CME Group hog futures rose to their highest level in more than a month on Thursday, supported by strong exports and concerns about a slowing slaughter, traders said. Cattle futures ended the trading day close to unchanged. The U.S. Agriculture Department on Thursday morning said that export sales of pork totaled
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures weaken on cash market pressure

CME hog futures close mixed

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Chicago | Reuters — CME Group cattle futures dipped on Wednesday, pressured by weakness in the cash markets, traders said. Hog futures were mixed, with prices closing well off their session highs after contracts hit technical resistance. The nearby June hogs contract rose 0.025 cent to 109.05 cents/lb., while most-active July futures fell 1.1 cents,
CME August 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day movjng averages (pink, red and black lines). (Barchart)
Livestock, Markets

Klassen: Canadian feeder market divorces from feeder cattle futures

Timing of new-crop feed grains leads to shift

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Compared to last week western Canadian yearling markets traded $3-$4 on either side of unchanged. The quality was quite variable resulting in the wide price structure; however, decent genetic and lower flesh packages were red hot. Feedlot operators were extremely aggressive on 700- to 800-lb. steers although higher weight categories were also well bid. Auction

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