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CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: Lean hog, live cattle futures down on profit-taking

CME September feeder cattle also down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Friday on cooling wholesale pork prices and profit-taking at week’s end, a day after the benchmark October contract set a life-of-contract high. Cattle futures also set back on profit-taking, but the most-active October live cattle contract posted a second straight weekly advance,
Higher cattle prices ahead in Western Canada
Livestock Markets, Markets

Higher cattle prices ahead in Western Canada

The market is rising and has shown the best prices of the year so far

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Despite the typical peak-summer doldrums for cattle sales in Western Canada, prices are at some of their highest levels in months, according to one analyst. Anne Wasko, a cattle market analyst for Gateway Livestock Exchange Inc. in Taber, Alta., said markets for Western Canada have been steadily improving in 2022 as they recover from the
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle, hogs firm on meaty consumer demand

Production 'probably hit our seasonal peak'

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, with several back months hitting new life-of-contract highs on thin trading, as domestic demand for beef this summer continues to be stronger than expected, traders said. Meanwhile, lean hog futures rose — with the October and December contracts hitting new life-of-contract high
CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: Hog, cattle futures up on broad commodities rally

Lower-than-expected inflation data provides boost

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday, with the October contract hitting a life-of-contract high on brisk pork demand and broad strength in commodities on signs of decelerating U.S. inflation, traders said. Livestock and other commodities rose along with Wall Street equity markets as lower-than-expected U.S. inflation data drove
CME October 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures dip in technical, profit-taking pullback

CME hogs end day mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday in a technical-selling and profit-taking setback from 3-1/2 month highs posted in the prior session. Sharply lower feeder cattle futures amid higher corn feed costs put further pressure on live cattle contracts, as both livestock markets took a breather after scaling to
Markets, News

Brazil firm laments zoonotic trade blocks

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Reuters – Unreasonable animal health risk assessments continue to hamper global meat trade, according to Joao Sampaio, the director of institutional affairs at Brazilian beef processor Minerva. In statements July 26, Sampaio cited Turkey, which refuses to import Brazilian beef due to foot-and-mouth disease worries, but does buy live cattle from the country, “…which is
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures up with cash prices, tightening supplies

October lean hogs also gain on day

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a 3-1/2 month peak on Monday, supported by firm cash market prices and tightening supplies. Falling corn feed prices supported feeder cattle futures, while lean hog contracts also gained and touched the highest level since June 2021. CME August live cattle futures peaked
Slaughter cattle prices soften in Manitoba
Livestock Markets, Markets

Slaughter cattle prices soften in Manitoba

Manitoba auction marts remained quiet as July closed out

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As August and the new crop year approach, it was another quiet week at cattle auction sites across Manitoba. Despite the rise in activity for the week ended July 28, only four of the province’s eight auction sites hosted sales: Grunthal Livestock Auction Mart, Heartland Livestock Services in both Brandon and Virden and Winnipeg Livestock
Few cattle come to auction, but in good shape
Livestock Markets, Markets

Few cattle come to auction, but in good shape

Feed grain prices have declined over the last month

By
Midsummer is a particularly slow time for Manitoba’s cattle auctions and the week ended July 21 was no exception. Of the province’s eight auction sites only one, Grunthal Livestock Auction Mart, had a sale. The auctions in Ashern, Gladstone, Killarney and Ste. Rose du Lac are closed for the summer.  Heartland Livestock Services remained on

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