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CME August 2023 live cattle with 20- and 100-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle weak on large May placements

Slowing beef demand also a factor

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for outdoor grilling following the U.S. Independence Day holiday. Sharply higher feed corn prices early in Monday’s trading session weighed on the live and feeder cattle
CME August 2023 feeder cattle with 30-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle rally as corn prices sag

Live cattle, lean hogs down

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Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising
Cattle prices in a ‘constant climb’
Livestock Markets, Markets

Cattle prices in a ‘constant climb’

Sales might have to resume ahead of schedule if dry weather persists

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Most cattle auction sites in Manitoba held regular sales for the last time this season during the week ended June 15. Killarney and Ashern Auction Marts conducted their final sales of the season on June 12 and 14, respectively. Winnipeg Livestock Sales will begin a bi-weekly summer schedule on June 23, while Gladstone Auction Mart
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rise, hogs fall

Feeder cattle back in Bollinger range

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts
CME August 2023 feeder cattle with Bollinger bands (20,2; right scale) and CBOT September 2023 corn (orange line, left scale). (Barchart)
Livestock, Markets

U.S. livestock: Feeder cattle down as corn extends rally

Hogs end lower off early gains

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a
Photo: File
Livestock, Markets

U.S. livestock: Hogs rally to nine-month high; cattle ease

Cattle futures weaker on seasonal slowdown and profit-taking round

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: 800-lb. steers touch $300/cwt mark

Nearby cash market at odds with futures

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For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely
The current fair market value method of compensation for conservation easements is flawed, says a professor of agribusiness and agricultural economics at the U of M.
News

Conservation easement payment ‘flawed’

A Saskatchewan stock growers’ group is seeking to reform easement structure, compensation

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Landowners and ranchers don’t get enough for conservation easements to offset the opportunity cost, according to a study commissioned by a Saskatchewan producer group. Mindy Hockley, assistant program manager with the Saskatchewan Stock Growers Foundation, noted that farmers can calculate what they’ll get for breaking up land and converting it to grain crop use. Compared
File photo of the Raohe Night Market in Taipei, Taiwan’s capital. (Fazon1/iStock/Getty Images)
Beef cattle, Livestock, Markets

Taiwan formally opens to OTM Canadian beef

BSE-era restriction now lifted

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Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the
(RyanJLane/E+/Getty Images)
Livestock, Markets

Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains

The Canadian government has submitted its views on proposed U.S. food labelling rules

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Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of

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