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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.
CME December 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 rally continues on steady cash market, technical buying

Chicago hogs also find support

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Chicago | Reuters — Technical buying and a steady cash market helped fuel Chicago Mercantile Exchange live and feeder cattle futures on Thursday, sending prices to multi-week highs and stretching the rally into a fourth trading session, traders said. Most-active November feeder cattle touched its highest price since Sept. 9 and ended up 3.475 cents
Greg (left) and Brenda (right) Riddell accept the sign marking R4 Ranch as the 2020 Manitoba Charolais Association Commercial Breeder of the Year.
Faces of ag, Livestock

All in the family

Faces of Ag: The Riddell family of Pierson has been named the Manitoba Charolais Association Commercial Breeder of the Year

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Greg Riddell of R4 Ranch near Pierson remembers that his father kept cattle on a small scale. So the decision to ramp up livestock operations was not totally novel after he and his wife, Brenda, took over the family farm in the late 1970s. In the decades since, the fourth-generation farmer has expanded that foothold
CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Technical buying, solid beef demand boost CME cattle

Chicago lean hogs continue lower

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Chicago | Reuters — Technical buying and solid demand for U.S. beef lifted Chicago Mercantile Exchange live and feeder cattle futures on Wednesday, traders said. The cattle markets continue to rebound from recent losses that were technically overdone, analysts said. Front-month CME October live cattle futures reached its highest price since Sept. 16 at 124
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 live cattle, feeder cattle extend gains

December hogs touch one-week low

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

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Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures touch one-week highs

Chicago lean hogs retreat

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker
CME December 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 futures extend slump

Hogs mixed after strong week

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525
Fall cattle run two weeks ahead of schedule
Livestock Markets, Markets

Fall cattle run two weeks ahead of schedule

Manitoba cattle are westbound, eastbound and southbound

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To Allan Munroe of Killarney Auction Mart, the fall run for 2021 is about two weeks ahead of normally where it would be. “It’s nice to get some cattle moved in September and them through the system,” he said. “We’re hoping that means we’ll spread out the market a little bit,” he added, noting a

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