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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market ratchets higher

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Compared to last week, western Canadian yearling prices markets traded $2-$5 higher on average. Calves were quite variable. This was the first week when larger groups of calves were featured on the internet sales. Prices on the internet appeared to be significantly stronger than smaller groups under 10 head moving through auction rings. Feedlot operators
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: CME live cattle climb on cash market optimism

CME lean hogs slip on cash market pessimism

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday on expectations of higher cash cattle prices next week and position-squaring ahead of a long U.S. holiday weekend, traders said. Benchmark CME October live cattle futures settled up 1.75 cents at 144.55 cents/lb., with December up 1.675 cents at 150.25 cents
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines), (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures up as corn prices sag

CME lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Thursday as lower grain prices propped up feeder cattle futures, signaling cheaper feed costs, traders said. Benchmark CME October live cattle futures settled up 0.225 cent at 142.8 cents/lb., a day after dipping to a four-week low (all figures US$). CME
CME October 2022 lean hogs (candlesticks, right column) with 20-day moving average (pink line) and CME’s cash lean hog index (black line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hog futures follow cash hogs lower

Live cattle down, feeder cattle mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on profit-taking after a two-session climb and pressure from softening cash hog prices, traders said. CME benchmark October lean hogs settled down 2.075 cents at 91.525 cents/lb. and December hogs ended down 1.625 cents at 83.875 cents/lb. The CME Lean Hog Index,
Livestock Markets, Markets

Colombia to focus on fighting deforestation, tracing cattle: minister

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Reuters — Colombia will focus on combating deforestation, exerting greater control over the cattle industry and will also propose cancelling external debt in exchange for conserving the environment, Environment Minister Susana Muhamad said recently. Deforestation in Colombia rose 1.5 per cent in 2021 to 174,103 hectares (430,218 acres), of which 112,899 were in the country’s
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures soften amid recession fears

CME lean hogs close higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures weakened on Monday amid spillover pressure from weakness in equity markets, analysts said. U.S. stocks closed lower, adding to sharp losses last week, on nagging concerns about the Federal Reserve’s determination to hike interest rates to fight inflation even as the economy
CME October 2022 lean hogs (candlesticks) with 200-day moving average (black line) and Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures up off lowest since February

Chicago cattle futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday edged up from a 6-1/2-month low on a round of short-covering after posting losses in four of the previous five sessions, traders said. But the hog market remained under pressure from a seasonal slowdown in demand as the grilling season nears its end. Cattle
High prices continue as fall run approaches
Beef cattle, Livestock Markets, Markets

High prices continue as fall run approaches

Feed supplies and beef demand are both expected to be healthy

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Prices for butcher cattle remain high just weeks before auction sites in Manitoba begin their fall run. Three auction facilities in the province — Grunthal, Virden and Winnipeg — all hosted regular sales for the week ended Aug. 18. At those sites, D1 and D2 cow prices were between $95 and $112 per hundredweight, while

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