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CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle rebound on improving cash markets, beef prices

CME lean hogs also up off Thursday losses

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising
Cattle numbers increase as fall season begins
Livestock Markets, Markets

Cattle numbers increase as fall season begins

Early start to fall run reflects unseasonably hot and dry weather

By
Despite only having 259 feeder and butcher cattle going through the rings on Aug. 10, Grunthal Livestock Auction Mart was one of a few auction sites across the province beginning their season early due to unseasonably hot and dry weather. While there weren’t enough feeders to establish a market, 109 to be exact, auctioneer and sales representative Brad
(Photo courtesy Canada Beef Inc.)
Crops, Weather

Plans afoot to move hay from East to drought-hit West

CFA, BFO spearheading Hay West-style initiatives

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Farm groups are spearheading new plans to get livestock feed from Eastern Canada to drought-damaged regions of the western provinces and northwestern Ontario. Details are still pending, but the Canadian Federation of Agriculture (CFA) announced Aug. 12 it has started work on a “Hay West” initiative to get surplus hay “to those struggling in the
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs drop in broader commodities sell-off

Investors take 'risk-off' approach, U.S. dollar surges

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Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising
Cattle from Edie Creek Angus kick up dust in the pasture this summer.
Livestock, News

Calculating the genetic cost of drought

Herd genetics take years to build, but producers this year are watching much of that work head to the slaughter plant

By
Craig and Lenore Brown have been building up their cattle herd for more than 20 years in the northern Interlake, and some of those genetics date back even further, back to the previous generation of their family farm. Earlier this month, they watched a good chunk of those genetics leave. Why it matters: The number
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle up on firm cash market, beef prices

Speculative buying, cash pork prices lift lean hogs

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs, live cattle end lower on uncertain demand

'Labour availability' still an issue for packers

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly three per cent rise (all
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Strong demand underpins yearling market

Western Canada will be seeking U.S. corn

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Compared to last week, western Canadian yearling prices were unchanged to as much as $4 higher in some cases; calf markets traded $2-$3 on either side of unchanged as prices were quite variable across the Prairies. Major feedlot operators were extremely aggressive for yearlings. Larger groups of one-cut cattle were very well bid. April live
CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs climb on strong cash

Live cattle also higher

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose nearly three per cent on Monday on technical buying and relatively strong cash hog markets, analysts said. CME’s benchmark October hog contract settled up 2.475 cents, or 2.9 per cent, at 89 cents/lb., pushing just above chart resistance at the contract’s 100-day
Cattle graze near Dauphin, Man. in late July. (Manitoba Co-operator photo by Alexis Stockford)
Livestock, Other, Weather

Feds lock in AgriRecovery funds before election call

Ottawa's pledged share now up to $500 million

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Just hours ahead of a federal election call, the federal government has committed $500 million to cover its share of federal/provincial AgriRecovery support plans for drought-hit farmers across Canada’s West. Shortly before Prime Minister Justin Trudeau’s visit Sunday to Rideau Hall seeking the dissolution of Parliament for a federal election, Agriculture Minister Marie-Claude Bibeau confirmed

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