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Beef cattle

CME October 2023 live cattle with 20-day moving average (pink line, right index) and CME October 2023 feeder cattle (dark red line, left index). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up on cash optimism, heat risk

Lean hogs also up on strong pork prices

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, supported by concerns about heat stress in the U.S. Plains, as well as optimism in the cash cattle market, analysts said. “The cash outlook seems pretty firm,” said Doug Houghton, technical analyst at Brock Capital Management. ” I think there’s some support […] Read more
Photo: ARS/USDA
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs dip as seasonal pressures mount

Live cattle futures eased slightly as cash trade remains light

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Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell for a third session on Wednesday, as seasonal pressure mixed with weaker pork prices, analysts said. “This time of year for October hogs, it’s tough to know which direction to go in,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc, noting […] Read more
“There’s even a question of would harvest equipment be available for 2023. There will be some equipment available, but will it be what you want and [what] fits your needs?” – Bill Campbell, Keystone Agricultural Producers. Photo: iStock/Getty Images
Crops, Livestock, Weather

Manitoba crop report: dry week helps advance harvest

Cattle producers move herds to hay fields to graze regrowth

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Reading Time: 2 minutes MarketsFarm – Dry conditions across crop-growing areas in Manitoba helped the province’s annual harvest get off to a good start during the week ended Aug. 20. Much of the eastern, southern and central regions received two millimetres of precipitation at most during the week with several locations receiving no rainfall at all. The northwest region […] Read more
CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: CME live cattle ease, heat impacts in focus

Seasonal hog supplies pressure futures

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after two sessions higher, as traders watch to see the impact of sweltering temperatures on slaughter-ready cattle, analysts said. “The heat does hurt the weights. That’s been an issue for a lot of the south, for a lot of the summer,” said […] Read more
A climate change activist plays a violin in New York City’s Times Square as Manhattan is shrouded in haze and smoke which drifted south from wildfires in Canada, on June 7, 2023. (Photo: Reuters/Maye-E Wong)
General, Reuters, Weather

Climate change made Quebec wildfires twice as likely, scientists say

Early snow disappearance led to earlier fires

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Reading Time: 2 minutes London | Reuters — The fires that tore through the province of Quebec between May and July were made at least twice as likely by climate change, scientists said on Tuesday. Climate change, driven by the burning of fossil fuels, also made the fires as much as 50 per cent more intense, according to the […] Read more
(Dave Bedard photo)
General, Markets, Reuters

Subway reportedly nears sale to Arby’s owner

Chain's parent firm considering sale since February

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Reading Time: 2 minutes Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feedlots aggressively secure ownership

StatCan cattle inventory report due out soon

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Reading Time: 2 minutes Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more
File photo of farmland around an abandoned farmstead near Swift Current, Sask. (ImagineGolf/iStock/Getty Images)
Livestock, Weather

Saskatchewan front-loads AgriRecovery funding

Joint federal-provincial program development still underway

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Reading Time: 2 minutes The Saskatchewan government says it will put up to $70 million toward “immediate measures” to support livestock producers, ahead of an expected federal-provincial AgriRecovery program for that purpose. Application forms are expected to be available via Saskatchewan Crop Insurance Corp. (SCIC) “in the coming days” for funding “to help offset extraordinary costs of feeding livestock […] Read more
Close-up from the federal government’s initial assessment map for the livestock tax deferral provision for the 2023 tax year as of Aug. 10. (AAFC map)
Livestock, Weather

Livestock tax deferral list begins in West for 2023

AgriRecovery work 'progressing,' feds say

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Reading Time: 3 minutes The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can get in on the livestock tax deferral provision. Agriculture Minister Lawrence MacAulay on Monday announced an initial list of designated regions for the provision for […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb on fewer feedlot placements

Lean hog futures down with cash prices

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second session on Monday, supported by a bigger-than-expected drop in cattle placements in July, reported after market close on Friday. “In terms of slaughter ready cattle, we’re still relatively tight,” said Austin Schroeder, analyst at Brugler Marketing. In the U.S. Department of […] Read more

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