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Brandon auction books some terrific Tuesdays
Livestock Markets, Markets

Brandon auction books some terrific Tuesdays

Chicago cattle futures have recovered off recent plunge

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Brad Delgaty’s tenure as the new manager of Heartland Livestock Services in Brandon could not have had a better start. Hired to the position last month, Delgaty’s first order of business was to bring HLS Brandon’s regular weekly auction sales back to Tuesdays, ending a short-lived excursion to Friday sales. So far, the schedule change has paid dividends, as
CME December 2023 live cattle with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rally late in session on technical buying

Hogs down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures sink to May lows

CME December hogs continue higher

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Chicago | Reuters — U.S. cattle futures sank to their lowest prices since May on Tuesday on fund liquidation and profit-taking, traders said. Follow-through selling pressured the markets after losses on Monday, along with softer boxed beef prices, traders said. The U.S. Department of Agriculture priced choice cuts of beef at $300.38/cwt, down $1.34 from
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Buyers contemplate feeder market prices

In adverse weather, sale results vary

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Compared to last week, western Canadian yearling markets traded $3-$5/cwt lower on average although limited numbers made the market hard to define. Calf markets traded $4-$8/cwt on either side of unchanged. It appeared that 700-plus-lb. calves were up $4 to as much as $8. The variation in the price structure was due to the adverse
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog, cattle futures down on profit-taking

Cash hog values seen softer

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Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures closed lower on Friday, retreating on a round of profit-taking after the benchmark December contract rose to its highest level in a month. Soft cash hog values, weaker wholesale pork prices and a large weekly hog slaughter added to bearish sentiment. “We’ve had a pretty
CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs soar as U.S. Fed piques investors’ risk appetite

Beef, pork export sales above four-week average

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle and hog futures rose on Thursday following broad strength in Wall Street equities, crude oil and other commodities, as investors’ risk appetite increased a day after the U.S. Federal Reserve kept benchmark interest rates on hold. “The emphasis is really from the ‘risk-on’ macro play, driven
U.S. futures plunge leaves Manitoba cattle prices unaffected
Livestock Markets, Markets

U.S. futures plunge leaves Manitoba cattle prices unaffected

Interest from Ontario and Quebec should pick up as new-crop corn arrives

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A report from the U.S. Department of Agriculture, which surprised many analysts, won’t cause major changes to cattle prices in Manitoba, according to a consultant.  A bearish monthly cattle-on-feed report plunged prices at the Chicago Mercantile Exchange on Oct. 23. In total, 11.58 million cattle were in U.S. feedlots on Oct. 1, a gain of
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle firm on cash market optimism

Lean hog futures end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed modestly higher on Wednesday, with the benchmark December contract extending its rebound from a four-month low set last week, buoyed by technical buying and expectations of rising cash cattle prices. Sellers in the Kansas and Texas cash markets were offering slaughter-ready cattle as
CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle rise on hopes for cash prices

Hogs also higher; livestock futures down on month

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Chicago | Reuters — Chicago Mercantile Exchange livestock futures crept higher on Tuesday as the cattle markets continued to rebound from multi-month lows reached last week. Expectations for higher cash prices this week and beyond helped to underpin futures, analysts said. Cash prices improved on Friday, compared to the middle of last week. CME October
Cattle graze south of Brandon Aug. 24.
News

USDA predicts bleak 2024 for Canadian beef sector

Canada needs more feed and moisture if it’s going to maintain the cow herd: analyst

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Glacier FarmMedia – A recent report by the United States Department of Agriculture paints a grim picture of Canadian beef cattle numbers in 2024. According to a western Canadian market analyst, most of that forecast checks out. The report, published by the USDA’s Foreign Agricultural Service office in Ottawa in late September, predicted the Canadian

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