CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle up on cash market strength

Lean hog weights 'coming down a little bit'

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Monday, as the cash market strengthened and packers looked to pickup slaughter rates, brokers said. Feeder cattle also gained, while lean hog futures added as producers looked to offload market-weight animals early to reduce feed costs. CME October live cattle added 0.7 cent

CME October 2020 lean hogs with 20- and 50-day moving averages and Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures rise on good cash market demand

October live cattle close lower

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday on signs of strength in the cash market after prices had stagnated, traders said. “Recent price weakness uncovered fresh demand, triggering buying on the board this morning that tripped buy stops, accelerating gains,” StoneX chief commodities economist Arlan Suderman wrote in a note


Butcher cattle prices stay steady across province

Butcher cattle prices stay steady across province

Low animal numbers have been met with steady demand

Butcher cattle prices have held strength at cattle auctions scattered across Manitoba, due to low numbers at auction and steady demand. “The butcher market remains fully steady, with stable demand supporting prices,” commented Harold Unrau of Grunthal Livestock Auction Mart. During the week ended July 30, Grunthal and Winnipeg held auctions, servicing approximately 300 cattle.



CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures steady as investors eye supplies

October lean hogs close higher

Chicago | Reuters — U.S. cattle futures steadied on Wednesday, with investors unwilling to push the market above recent highs due to plentiful supplies. Some producer hedging also was noted, traders said. “Everybody is a little too bulled up,” said Larry Hicks at Cattlehedging.com. “Everybody thinks we have worked through the supplies and we have



CME September 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Strong demand underpins yearlings

Compared to last week, yearlings traded steady to $4 higher on average; calves traded $2-$4 lower, although light volumes made the market hard to define. All eyes were on feeder cattle futures, which closed up nearly $4 for the week. This set the direction in Western Canada. Auction barns in Manitoba and Saskatchewan remain in

CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures extend winning streak

Big supplies hinder hog market

Chicago | Reuters — U.S. live cattle futures firmed on Monday, with fund buying sparking the gains due to expected strength in the cash markets, traders said. “The trade continues to feel that the cash market has bottomed,” said Don Roose of U.S. Commodities. “It continues to feel that the cash market will trade from


Rising Chicago futures lift prices against higher loonie

Rising Chicago futures lift prices against higher loonie

Sale prices rose a few dollars, Virden’s Hill reports

Auction prices increased this week by $2-$3 per hundredweight (cwt) at Heartland Livestock Services’ auction at Virden on July 22, according to Robin Hill, the auction’s manager. “The one thing about the feeder cattle, we’ve really seen the Chicago Mercantile Exchange (CME) really take off last week,” he said. Futures values at the CME are

Photo: iStock

Feed weekly outlook: Feed grains come under harvest pressure

MarketsFarm – Delayed springtime planting pushed back the feed grain harvest. As a result, prices for old crop feed grains are now beginning to converge with new crop prices. “It feels like we’re transitioning towards new crop,” remarked Travis Ebens, a grains trader with CorNine Commodities in Lacombe, Alta. He said prices for feed barley