Soybean meal monthly nearby. (chart as of May 25, 2016)

Drozd: Two-month reversal forewarns livestock producers to higher meal prices

The meal market was technically oversold which created the opportunity for a short covering rally

Sometimes it just does not pay to ignore what the charts are telling you. Case in point, soybean meal futures exploded higher after a two-month reversal materialized on the monthly nearby futures chart. This reversal pattern indicated a change in trend and is illustrated in the accompanying chart. Since its development on March 31, the

Small sale for first auction of summer schedule

Small sale for first auction of summer schedule

Demand was there to be filled and buyers were prepared for some major bidding — but just 54 sheep and goats were delivered for the May 4 sale at Winnipeg. It’s possible some classifications saw higher bidding than ordinary because of the limited selection. A group of six 224-pound Suffolk-cross ewes carried similar interest as


New-crop lambs arrive for Orthodox Easter season

New-crop lambs arrive for Orthodox Easter season

The latest sale had a 'clean out the flock' to prepare for the summer grazing season feel

The summer sheep and goat auction schedule is set to begin with one sale on the first Monday of every month. The approaching Orthodox Easter translated into strong bidding for 300 sheep and goats at Winnipeg Livestock Auction April 20. The bidding on the various ewes appeared to have dropped from the last sale. However,

Livestock Cattle Weekly Nearby – chart as of February 22, 2016.

Drozd: Reversal patterns alert cattle producers to market downturn

Cattle markets took a sudden downturn in October 2014, catching many producers off guard

The live cattle market has been under pressure since the nearby futures market at the CME peaked at $171.975 per hundredweight in October 2014. In the 14 months that followed, prices on the weekly nearby live cattle futures chart plummeted $55/cwt to $116.975/cwt, before recovering $20 per hundredweight. Although the downturn was sudden, and may


Lamb prices promisingly strong for start of 2016

Lamb prices promisingly strong for start of 2016

There were 350 sheep and goats delivered to the Winnipeg Livestock Auction sale Jan. 6

Bidding on ewes was based on buyer preferences rather than weight. Buyers showed higher bidding interest in hair ewes. The hair ewes received $1.30 and $1.20 per pound, while the average bidding was $0.90 per pound. There was only a 160-pound Rideau-cross ram, which brought $204.80 ($1.28 per pound). Heavyweight lambs on offer included five