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Beef cattle

CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures set June lows at CME

Lean hog futures touch contract lows

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market vulnerable to weakness

Placements higher than expected

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Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

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

Lean hogs set contract lows

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more
A black-billed magpie in Edmonton on Oct. 19, 2023. (Photo: Artur Widak/NurPhoto via Reuters)
General, Weather

Prairie Forecast Update: Cold and some snow coming

Issued Oct. 22, covering Oct. 22 to 25

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Reading Time: 2 minutes I have been waiting to see if the weather models were going to come into agreement on the upcoming shift on our weather pattern and for the most part, they have: it’s going to get cold! A large area of low pressure has formed over the eastern Arctic and the counterclockwise rotation around that low […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures hit contract lows

Cattle futures also sag

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Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more
The McDougall Creek wildfire burns outside West Kelowna, B.C. on Aug. 18, 2023. (Photo: Reuters/Chris Helgren)
Crops, Livestock, Weather

AgriRecovery feed, freight, breeding herd aid set for Alberta, Saskatchewan, B.C.

Feds, provinces announce combined $365 million in aid programs

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Reading Time: 2 minutes The federal and Alberta, Saskatchewan and British Columbia governments are jointly putting up $365 million to support ranchers and farmers up against this summer’s drought and wildfire damage. The feds on Friday announced their 60 per cent, or $219 million, share of AgriRecovery program funding for the three westernmost provinces. “I’ve had the opportunity to […] Read more
CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle sag on packer margins, beef export sales

December lean hogs turn slightly lower

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more
Ron Kostyshyn is sworn in on Oct. 18, 2023 as Manitoba’s minister for agriculture, with Premier Wab Kinew at left. (Government of Manitoba video screengrab via YouTube)
Crops, Livestock

Former ag minister returns in new Manitoba cabinet

Kinew names Kostyshyn to ag portfolio

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Reading Time: 2 minutes Incoming Manitoba Premier Wab Kinew has brought a former provincial agriculture minister back to the cabinet table to handle the ag file. Ron Kostyshyn, who from 2012 to 2016 was then-premier Greg Selinger’s ag minister while serving as MLA for the northwestern riding of Swan River, was sworn in Wednesday as minister of agriculture in […] Read more
CME December 2023 live cattle with 20- and 50-day moving averages and June 2024 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mixed as packer margins stay in red

December lean hogs up off Tuesday's contract low; deferred months lower

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
(Geralyn Wichers photo)
Corn, Finishers, Livestock, Markets

Klassen: Ontario demand sets the price structure for calves

Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315

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Reading Time: 2 minutes For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more

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