Cattle auctions slow down for summer

Cattle auctions slow down for summer

Some auctions are anticipating an early return if dry conditions continue

Entering July, some Manitoba cattle auction sites either are or will soon take their summer break. But continuing drought-like conditions may increase selling demand for cattle producers and auction sites could see their summer vacation be shorter than normal. “We had our last regular sale for the summer break here (on June 29),” said Tyler


CME August 2021 live cattle (candlesticks) with 100-day moving average (red line) and August 2021 lean hogs (pink open/high/low/close). (Barchart)

U.S. livestock: CME live cattle ease as beef demand cools

CME lean hog futures mostly firm

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped for a second day, following U.S. boxed beef prices lower as seasonal demand cools. “You’re still seeing boxed beef pull back, which is normal, seasonally,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “We’re past the Fourth of July — we don’t have a




(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market calm but firm

Compared to last week, western Canadian feeder cattle prices were unchanged. Most auction markets were closed due to Canada Day. It’s been a busy spring period; there is no doubt about it. Pastures are quickly deteriorating under the intense heat and many ranchers will sell yearlings 30-45 days sooner than normal. The good news is


Smoke rises from a wildfire over a hill at Kamloops, B.C. on July 1, 2021, in this screen grab obtained from a social media video. (Nicole Ritter via Reuters)

B.C. presses for ranchers to register before wildfires hit

Premises ID helps protect livestock in emergencies, province says

British Columbia’s provincial ag ministry hopes to shore up ranchers’ participation in the Premises Identification program against the risk of further wildfires this year. About two-thirds, or 5,200, of B.C.’s non-supply managed livestock producers, and all the supply-managed dairy cattle and poultry premises in the province, are registered in the program, the province said Wednesday.




CME August 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Lean hogs retreat from one-week high

CME August live cattle up, feeders lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Wednesday in a retreat from early gains in which the most-active contract topped a one-week high. Traders watched a rally in grain prices that makes it more expensive to feed livestock. Corn and soy futures soared at the Chicago Board of Trade