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Beef cattle

File photo of storm clouds over northeastern Alberta. (ImagineGolf/E+/Getty Images)
General, Weather

Prairie Forecast: Alberta low looks to dominate

Forecast issued June 14, covering June 14-21

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Reading Time: 3 minutes So far, the weather models have been doing a good job with the medium-range forecasts, only falling off late in the forecast period. Of course, in the summer, short-range forecasts can be difficult, especially when it comes to just when and where thunderstorms will develop. I always find it interesting that a forecast could be […] Read more
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall on technical selling

Wholesale pork prices lift hogs

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Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Wednesday on chart-based selling and expectations of a seasonal slowdown in beef demand in the coming weeks, traders said. CME benchmark August live cattle futures settled down 2.95 cents at 170.975 cents/lb., with technical selling accelerating as the contract dropped below […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end up as beef prices rise

Chicago lean hog futures end mixed

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Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday, rallying from early declines, as strong beef prices and tight cattle supplies buoyed futures, traders said. CME August live cattle futures settled up 0.725 cent at 173.925 cents/lb. (all figures US$). August feeder cattle finished up 1.4 cents at […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle under 500 lbs. jump over $400

U.S. beef output expected down in 2024

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Reading Time: 2 minutes Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more
Smoke billows upwards from the Donnie Creek wildfire south of Fort Nelson, B.C. n June 11, 2023. (Photo: B.C. Wildfire Service handout via Reuters)
General, Reuters, Weather

Western Canada covered in smoke as wildfires loosen grip on Quebec

Over 200 of 449 wildfires now out of control

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Reading Time: 2 minutes Ottawa | Reuters — Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early-season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8 million hectares — […] Read more
AAFC’s Drought Monitor map as of May 31, 2023.
General, Weather

Drought expands across Canadian Prairies

Dry conditions push eastward in Manitoba

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Reading Time: 2 minutes MarketsFarm — Warm and dry conditions across much of the Prairies in May caused drought conditions to worsen, especially in Alberta, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada. As of May 31, an estimated 79 per cent of the Prairie region was classified as abnormally dry (D0) or in moderate […] Read more
CME August 2023 lean hogs with 20-day moving average and CME cash lean hog index (brown line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs extend climb on bargain-buying

Cash prices support cattle futures

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Reading Time: < 1 minute Chicago | Reuters — Benchmark lean hog futures on the Chicago Mercantile Exchange set a one-month high on Monday on short-covering and bargain-buying as the July contract extended its rebound from life-of-contract lows set in late May, traders said. CME July lean hogs settled up 1.975 cents at 91.6 cents/lb. after reaching 93.125 cents, the […] Read more
RJ Sigurdson, MLA for Highwood, is sworn in on June 9, 2023 as Alberta’s minister of agriculture and irrigation. (Government of Alberta video screengrab via YouTube)
Livestock

Calgary-area MLA named Alberta’s new ag minister

RJ Sigurdson to handle ag file, Horner moves to finance

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Reading Time: 2 minutes The Alberta government’s caucus lead on emergency medical services (EMS) reform has been promoted to handle the agriculture file in a post-election cabinet shuffle. RJ Sigurdson, MLA for the constituency of Highwood, just south of Calgary, was sworn in Friday by Lt.-Gov. Salma Lakhani as Alberta’s new minister of agriculture and irrigation, replacing Nate Horner. […] Read more
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs touch one-month high

August live cattle lower, feeders up

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for […] Read more
(Brett Holmes Photography/iStock/Getty Images)
General, Weather

Prairie Forecast: Switch in pattern but summer sticking around

Forecast issued June 7, covering June 7-14

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Reading Time: 3 minutes The weather models are doing a good job handling all the heat and humidity that has been driving thunderstorms and breaking temperature records across the eastern half of the Prairies over the last week. To the west it has been a little cooler and drier, with not as much instability to deal with, but nonetheless, […] Read more

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