(Photo courtesy Canada Beef Inc.)

Klassen: Demand for feeder cattle eases

Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000

CBOT November 2021 soybeans (candlesticks) with 10-, 20- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans fall on expectations for bearish production report

Rising U.S. crude oil market helps limit soy price drop

Chicago | Reuters — Chicago soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of what is expected to be a bearish U.S. production forecast this week. The benchmark Chicago Board of Trade November soybean futures contract hit technical resistance at


CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean



CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans, corn weak, awaiting export news

December MGEX wheat up, CBOT wheat down

Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S.

CME November 2021 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Profit-taking knocks feeder cattle off high

CME lean hogs seen consolidating

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures ended lower on Friday as profit-taking pressured the market after prices set a one-month high, traders said. The setback came after the most-active November contract had rallied more than six per cent from a four-month low set on Sept. 30. The contract ended down 0.45


Cattle numbers increase as fall run gets rolling

Cattle numbers increase as fall run gets rolling

Despite higher counts, prices remain sustained

While last summer’s drought was severely damaging for the cattle industry in Manitoba, the fall run has already got off to a great start. All eight cattle auction sites in the province hosted regular sales during the week ended Sept. 30. “It’s just starting to get going,” said Keith Cleaver, manager of Heartland Livestock Services in Brandon.

Canadian Financial Close: C$ hits two-month high

By MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – The Canadian dollar was stronger on Friday, hitting two-month highs s solid domestic jobs data was seen as a sign of the country’s improving economy. The Canadian dollar settled at US$0.8012 or US$1=C$1.2482 on Friday, which compares with Thursday’s North American close of US$0.7963 or US$1=C$1.2558. Canada’s economy



ICE canola correcting lower ahead of long weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) The ICE Futures canola market was posting small losses in the most active months at midday Friday, seeing some consolidation ahead of the weekend after posting solid gains over the past few sessions. Early gains Chicago Board of Trade soyoil and soybean futures had provided some underlying