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CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle firm as packer margins turn negative

Lean hog futures settle lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday as supplies tighten, with beef packer margins falling into the negative for the first time in years, traders said. Beef packers lost $14.35 per head on Tuesday, compared to earnings of $1.60 a day earlier and $18.40 the week before, according to
Dale Myhre feeds heifers housed on his leased Crown Land near Crane River, Man. Like many farmers in the area, most of Myhre’s land base is actually leased Crown Land.
Livestock, News

Crown lands to get rent relief

Weather and rent increases have been a double whammy for Crown land leaseholders

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Pasture and forage Crown land leaseholders say they sense progress after the province announced rental relief for the next three years. Leaseholders can expect rents to be halved for 2023, the province said Sept. 28. Rates will gradually ramp up over the final two years, to 77 per cent of current levels in 2024 and
CME December 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures firm on technical buying

Cattle futures close mostly lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for the second day in a row on Thursday, with technical buying supporting prices following the market’s bounce from a 10-month low on Wednesday, traders said. CME December lean hog futures settled up 1.275 cents at 77.775 cents/lb. (all figures US$). Front-month October hogs
CME October 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs up off 10-month low on bargain-buying

Live cattle also up on technical buying

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday on bargain buying, a day after the benchmark December contract fell to a 10-month low, traders said. CME December lean hog futures settled up 2.075 cents at 76.5 cents/lb. (all figures US$). Front-month October hogs ended up 3.8 cents, at 90.8
Researchers at Olds College are testing a Norwegian virtual fencing system called Nofence, one of several systems using the rapidly evolving technology.
Livestock

Virtual fence systems for livestock could be the next breakthrough

Though this technology is taking off in Europe and being studied here, it’s still early days

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Glacier FarmMedia – Research on virtual fences for livestock is gaining momentum in Western Canada. One technology being studied uses collars on animals that emit a series of audio warnings and, if need be, an electric pulse, when livestock approach an invisible boundary set with GPS coordinates. “The animals are actually able to get trained
CME December 2022 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and brown lines, right column) and CME cash Lean Hog Index (black line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs, live cattle retreat on technical selling

Funds net long in hogs, cattle

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Chicago | Reuters — Chicago Mercantile Exchange benchmark December lean hog futures fell about four per cent on Tuesday, hitting a 10-month low on technical selling and worries about consumer demand for meat, traders said. Brokers shrugged off strength in outside markets including crude oil and Wall Street equity markets, which firmed as fears eased
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle, hogs up on technical buying, short-covering

Recession worries still loom large

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Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and lean hog futures strengthened on Monday on technical buying and short covering, after recent selloffs were overdone, brokers said. Concerns about the risks for a global recession, which could reduce demand for beef, continued to hang over livestock markets, brokers said. Wall Street
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle lower, underpinned by tight supply

October lean hogs also lower

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange eased on Friday, pressured by softening cash trade across the U.S. Plains, though markets remain supported by tightening supplies as producers continue to liquidate their herds, analysts said. “Our short-term supply issues are still front and centre. We’re running two-three per cent

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