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Beef cattle

CME December 2023 live cattle with 20-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

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

U.S. supply outlook drags on hog futures

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Reading Time: < 1 minute 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 […] Read more
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feeder market falters at record highs

Risk premiums in market seen eroding

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Reading Time: 2 minutes 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, […] Read more
File photo of Lake Winnipeg at Grand Beach Provincial Park. (IanChrisGraham/iStock/Getty Images)
General, Weather

Prairie Forecast Update: Wet weather for southern Manitoba, southeastern Saskatchewan

Update issued Oct. 2, covering Oct. 2-4

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Reading Time: 2 minutes The strong area of low pressure that the weather models have been forecasting to impact the eastern half of the Prairies on Tuesday and Wednesday is starting to take shape. The latest model runs show the low pushing northward into western Manitoba early on Tuesday morning and then moving off toward northwestern Ontario by late […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

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

Cattle futures book gains

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Reading Time: < 1 minute 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 […] Read more
CME December 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

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

Chicago cattle also end lower

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Reading Time: 2 minutes 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 […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs to face bigger-than-expected herd

CME cattle futures turn higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to a one-week high on Thursday but face pressure from a U.S. government report that showed a larger-than-expected domestic herd, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended, said the inventory of all hogs and pigs on […] Read more
CME November 2023 feeder cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle slump to lowest in over a month

December live cattle down, hogs up

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Reading Time: 2 minutes Chicago | Reuters — Feeder cattle futures slid to their lowest level in more than a month at the Chicago Mercantile Exchange on Wednesday, while live cattle futures neared a two-week low. Fund liquidation and technical selling pushed down prices, brokers said. Some market participants booked profits before the end of the month and quarter, […] Read more
File photo of autumn colours around Lake Diefenbaker in Saskatchewan Landing Provincial Park. (Nancy Anderson/iStock/Getty Images)
General, Weather

Prairie Forecast: Summer tries to hang on

Issued Sept. 27, covering Sept. 27 to Oct. 4

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Reading Time: 3 minutes For being this far into fall, the weather models have been surprisingly accurate. Heck, I didn’t even need to send an update for the last issue! Not sure if I can be as optimistic for this forecast period, as we are moving deeper into fall and starting to see the first hints of winter trying […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecasts support feeder complex

Major feedlots seen aggressive on quality calves

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Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged. Calf markets were steady to $5 higher on average, with stronger buying interest on preconditioned weaned steer calves. Light calves weighing under 500 lbs. appeared to jump $10-$20 in certain regions. This past week, focus of finishing feedlots switched from […] Read more
CME October 2023 feeder cattle with 20- and 50-day moving averages and most-active November 2023 feeder cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle dip to three-week low

Live cattle also drop, hogs mixed ahead of USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chart-based and fund selling dragged Chicago Mercantile Exchange live cattle futures to their lowest level in more than a week on Tuesday while feeder cattle hit a three-week low, traders said. Most-active lean hog futures also came under pressure. Steep losses on Wall Street set a negative tone for cattle futures, […] Read more

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