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Beef cattle

Heartland Livestock Services named market of the year

The Canadian Angus Association salutes the Virden staff

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The Canadian Angus Association (CAA) has named Heartland Livestock Services from Virden, Manitoba with the Auction Market of the Year. CAA director of field services, Brian Good, and Manitoba field staff, Lois McRae, presented the award in Winnipeg at the recent Livestock Markets Association of Canada annual conference. Heartland Livestock Services has been connecting buyers
(Regis Lefebure photo courtesy ARS/USDA)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Hog supplies, post-holiday slump cool CME futures

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Chicago | Reuters — U.S. livestock futures remained mostly sluggish on Monday at the Chicago Mercantile Exchange as traders wrestled with strengthening grain prices, tight supplies of market-ready cattle, and visions of a glut of hogs straining U.S. slaughterhouse capacity in the coming months. Livestock futures trading was relatively light on an historic day at
(Photo courtesy Canada Beef Inc.)
Beef cattle, Forages, Livestock, Weather

Sask. extends greenfeed seeding deadline

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Livestock producers in parched areas of Saskatchewan now have until mid-month to seed insured acres to cereal greenfeed. The federal and provincial governments on Thursday announced an extension of Saskatchewan Crop Insurance Corp.’s deadline for seeding greenfeed to July 15, from June 30. Producers signed up for crop insurance will now be able to seed
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Strong cash prices drive CME live cattle limit-up

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed up their three cent/lb. maximum daily price limit on Wednesday, ignited by short-covering in response to better-than-expected cash prices, traders said. August and October finished at 151.075 and 153.7 cents, respectively (all figures US$). The CME live cattle trading limit will be expanded to
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Corn prices drop CME feeder cattle limit down

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Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle rebound on short-covering

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: Lower grain production weighing on feeder market

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Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The Prairie region continues to experience above-average temperatures causing significant deterioration to pasture and crops in Alberta and western Saskatchewan. Certain auction markets experienced slightly larger
(Regis Lefebure photo courtesy ARS/USDA)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hogs gain on short covering before USDA report

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday, supported by short covering before the U.S. Department of Agriculture’s quarterly hog report expected at 2 p.m. CT, traders said. Analysts expect Friday’s report to show further herd expansion during the March through May quarter compared with a year earlier. “The

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