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CME February 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs extend slide to three-month low

Cattle also lower; "no urgency in this market right now"

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Chicago | Reuters — CME lean hog futures sank to a three-month low and closed weaker for the seventh consecutive session on Friday on concerns about weak demand, brokers said. An increase in hog weights also hung over the market, after recent winter storms delayed processing and backed up livestock on farms, brokers said. Pork
Veterinarian Heidi Dube (left) performs laparoscopic artificial insemination on a Shetland ewe alongside owner Kylie Wasiuta.
Livestock, News

Shetland sheep breeders banking on AI

Producers hope U.K. genetics will diversify lines and provide better quality wool

By
A group of Manitoba Shetland breeders hopes the next round of lambs will mark a new era for flock genetics. Three farms joined forces to give their operations a shot of U.K.-based bloodlines. Ewes underwent laparoscopic artificial insemination with imported semen in mid-December. A fourth farm is slated to receive lambs should the procedures prove
CME February 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs touch three-week low

Most live cattle futures settle lower

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Chicago | Reuters — CME lean hog futures set a three-week low on Thursday, under pressure from losses in broader markets and following recent weakness in cash hog prices, analysts said. Feeder cattle futures also ended lower as the market pulled back one day after hitting a September high. Livestock markets took signals from a
CME February 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs weaken, cattle rise as winter storms hit

Hogs touch lowest since Dec. 16

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Chicago | Reuters — CME lean hog futures fell to their lowest price in more than two weeks on Wednesday and live cattle futures strengthened as snowstorms continued to disrupt livestock operations. Feeder cattle futures reached their highest price since September. Wintry weather in the northern U.S. Plains has delayed livestock shipments, reduced cattle weights
Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Beef cattle, Livestock, Markets

McDonald’s reported set to exit Kazakhstan on Russia war spillover

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Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff

Boxed beef values limit losses in cattle

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Chicago | Reuters — CME Group livestock futures hit their lowest prices in about two weeks on Tuesday on profit-taking and widespread selling that dragged down commodity and financial markets, analysts said. Traders booked profit in live cattle after the most-active contract reached a fresh high on Thursday, brokers said. Benchmark CME February live cattle
Photo: Canada Beef
Livestock, Markets

Klassen: Feeder market to start 2023 on firm tone

Counter-seasonal behaviour expected

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There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb.
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME futures ease on profit-taking, feed prices

Smaller cattle supplies remain a concern

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Chicago | Reuters — CME livestock futures eased back on Friday, as traders sought profits after cattle futures hit new contract highs in the previous session and on pressure from a run-up in grains, traders said. U.S. livestock markets will be closed Monday for the New Year holiday. On Tuesday, the markets will pre-open at
Ian Tyson, shown here in Corb Lund’s 2019 video for “Ride On,” died Dec. 29, 2022 at age 89. (Corb Lund video screengrab via YouTube)
Livestock

Country icon, Alberta rancher Ian Tyson dies at 89

Musician hailed as 'compassionate rancher and environmentalist'

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Ian Tyson, the British Columbia-born cowboy who became a Canadian folk and country music legend and southern Alberta rancher, died Thursday at age 89. Among his many accolades, Tyson was named to the Order of Canada since 1994 and the Alberta Order of Excellence in 2006. A cause of death was not released Thursday but
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle futures hit new highs on tight supplies

Technical selling drags on hogs, again

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Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector across the U.S. Great Plains

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