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Tag Archives Feeder cattle

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Weather

Klassen: Feeder market establishes short-term stability

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Compared to last week, western Canadian feeder cattle traded $2-$4 on either side of unchanged. Steady demand was noted on 800-plus-pound cattle, but calves and lighter weights experienced softer buying interest. Favourable weather and optimal pen conditions along with firmer live cattle futures supported the yearling market. Imports of U.S. corn continue to run 10-14
CME April 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 end higher on rising slaughter pace

Hogs up in rangebound trade

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Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s
CME April 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 up with daily slaughter levels

Hogs up on technical buying, cash prices

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Friday as daily processing levels began to rebound, a sign that COVID-related staffing woes may be easing, traders said. Meatpackers have struggled with staffing shortages due to the surge in Omicron coronavirus infections, traders said, limiting production in recent weeks. Beef processors slaughtered an
CME April 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs drop on profit-taking, technical selling

Faster slaughter pace drags on cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday, dragged by technical selling and profit-taking following a recent rally to contract highs. Tight U.S. hog supplies had fueled the recent gains and remained a supportive factor, but the market was oversold. “We had a key reversal in April hogs yesterday and
CME April 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 up on improved slaughter pace

Lean hogs down on profit-taking

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Wednesday on technical buying and as rising U.S. slaughter rates eased concerns about cattle supply backups. Cattle processing rates have ramped up after pandemic-related staffing shortages at some meat plants. The U.S. Department of Agriculture (USDA) estimated Wednesday’s cattle slaughter at 118,000
Photo: iStock/Getty Images.
Crops, Markets

Transport strains pile on drought-induced feed shortages

Importing U.S. corn not cheap

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Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures and has now forced feedlots in Alberta, the main cattle-producing province, to buy more
CME April 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs hit new contract high on slim supply

CME April live cattle up slightly

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a new contract high on Tuesday on concerns about tightening U.S. supplies, analysts said. Nearby live cattle and feeder cattle futures also strengthened. U.S. cold storage data, issued after the markets closed on Monday, was supportive for hog and cattle futures, analysts said.
(Blair Cameron photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: Feeder market softens on tight feed grain supply

Ontario buying interest subsides

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Compared to last week, prices for yearling steers were down $2-$4 while yearling heifers were down $4 to as much as $8. Calf markets were down $3-$6 from last week. Negative feeding margins, colder temperatures and tight feed grain supplies were the three main factors setting a negative tone in the feeder market. Rail imports
CME April 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle sink to November lows

Lean hogs set contract high

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled on Monday as investors reduced risk and after the U.S. Department of Agriculture (USDA) last week confirmed producers placed more animals into feedlots in December, analysts said. USDA said cattle producers placed 1.96 million head in feedlots last month, up six per cent from a
CME February 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures surge to highest in over three months

U.S. cattle counts up from last year

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose 1.5 per cent on Friday to hit their highest since mid-October, extending a rally on technical buying. Traders remained focused on the slaughter rate as COVID-19 disruptions have caused slowdowns at meat processors throughout the month. “The industry still isn’t functioning normally, though the processing

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