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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Steam evaporates off yearling market

August 2024 feeder futures at a premium

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Compared to last week, western Canadian yearling markets traded steady to $4 lower. The yearling quality continues to fade as thicker flesh levels are starting to appear. Steer calves were down $4-$8 on average while heifer calves were down $15 to as much as $20 in some cases. From a seasonal perspective, the calf market
CME December 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hogs down as Middle East war sparks risk-off selling

Smithfield to shut Charlotte, N.C. plant

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures retreated on Monday while lean hog futures fell for the first time in four sessions, pressured by risk-off selling as violence erupted in the Middle East over the weekend and riled global markets. The bloodiest fighting in years between the Palestinian Islamist group Hamas and Israel
CME December 2023 lean hogs with 10-, 20- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs rally, export sales in focus

Cattle futures turn lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in
Downside to record cattle prices spurs call for industry co-operation
Livestock Markets

Downside to record cattle prices spurs call for industry co-operation

AUCTIONS | For auction markets, this fall run looks to be more like a fall marathon

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Prices at Manitoba’s cattle auctions continued to be among the strongest ever seen during the week ended Sept. 28 — and as the fall run got fully underway, the province saw large numbers of cattle come in for sale. “It’s very busy,” said Tyler Slawinski, auctioneer for Gladstone as well as the Ashern Auction Mart.
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures break losing streak

CME cattle futures close firm

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed firm on Wednesday, snapping a three session losing streak as traders said that the U.S. government’s most recent bearish supply forecast had been priced into the market. Cattle futures were consolidating after posting sharp declines a day earlier, but both feeders and live cattle
CME December 2023 live cattle with 20-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures drop on technical selling

U.S. supply outlook drags on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Livestock, Markets

Klassen: Feeder market falters at record highs

Risk premiums in market seen eroding

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Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally,
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs extend selloff on supply view

Cattle futures book gains

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the
CME December 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs limit down on USDA report

Chicago cattle also end lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled by the daily trading limit on Friday under pressure from stronger-than-expected productivity in U.S. herds, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended on Thursday, surprised analysts by reporting the average pigs saved per litter reached 11.61

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