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CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle futures top two-week highs

Chicago lean hog futures ease

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped another two-week high on Tuesday before finishing slightly firmer, while lean hog futures ended lower. Technical buying helped support gains in cattle, as the market has rebounded after nearing a two-month low last week, brokers said. A smaller U.S. cattle herd is also supportive
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market eyes feed grain complex

Downside expected in new-crop barley prices

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Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle market continues to support the
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Japan lifts last of BSE-era restrictions off Canadian beef

Canadian processed beef regains access to Japan

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The last of Japan’s import restrictions on Canadian beef and beef products stemming from the BSE crisis has been lifted, allowing access for Canadian further-processed beef. Canada’s federal agriculture department announced Monday that Japan has reopened to imports of “processed” Canadian beef — just days ahead of a significant reduction in Japan’s tariffs on imports
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle exceed two-week highs in rebound

Lean hogs up off last week's lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger and touched their highest prices in more than two weeks on Monday as livestock markets recovered from recent losses, analysts said. The Dow and S+P 500 also ended higher, after turmoil in the banking sector recently weighed on equity and commodity markets. Cattle
Bison prices have not risen the same way cattle prices have, but feed grain still costs the same.
Livestock, News

Bison market searches for traction

A longer production cycle has done margins few favours given feed costs

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It’s the worst of both worlds for Manitoba’s bison sector. Bison have yet to see the same best-in-decade prices as the cattle market, but bison producers deal with most of the same input cost surges, according to the Manitoba Bison Association. CanFax, the service that analyzes Canadian livestock markets, has cited continued tight cattle supplies
Photo: Thinkstock
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hog futures recover after ‘complete downhill slide’

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Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended higher on Friday as the market recovered after sliding to life-of-contract lows this week. The market was due for a bounce as losses were overdone, brokers said. “We’ve been on just about a complete downhill slide,” said Karl Setzer, brokerage research lead at Mid-Co
(FevziieRyeman/iStock/Getty Images)
Beef cattle, Livestock, Markets

China agrees to resume imports of Brazilian beef

Beijing authorizes four new Brazilian plants

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Beijing/Sao Paulo | Reuters –– Efforts by the Brazilian government to lift a month-long ban on beef exports to China paid off on Thursday, as Beijing agreed to resume imports while also approving four new beef packers based in Brazil, according to authorities in both countries. China’s General Administration of Customs approved the resumption of
CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs slide to new contract lows, finish mixed

April live cattle down, feeders up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures crumbled to new life-of-contract lows on Thursday, before finishing mixed, on concerns about poor demand for U.S. pork, analysts said. The market has tanked since last week, with additional pressure stemming from weak cash prices and larger-than-expected supplies of hogs. The front-month contract is down
File photo of goats on display at the Hanover Agricultural Fair in Grunthal, Man. in August 2019. (Dave Bedard photo)
Livestock

CFIA seeks feedback on traceability, animal ID amendments

Producers have until June 16 to comment on proposals

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The Canadian Food Inspection Agency is now seeking comment on its proposed amendments to livestock identification and traceability regulations. The regulatory proposal would address what the agency calls “gaps” in the current system, including: adding goats and cervids as animal species that share diseases with other regulated livestock, and therefore subject to traceability requirements, shortening
CME June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs fall to contract lows on demand worries

April cattle also down on day

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled to contract lows again on Wednesday on concerns about lower demand, analysts said. Worries about the risk for a recession to reduce consumers’ meat purchases hung over livestock markets, particularly for expensive cuts, said Arlan Suderman, chief commodities economist for broker StoneX. Wheat and

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