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Beef cattle

CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall on weak export data

CME cattle futures mixed

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Reading Time: < 1 minute Chicago | Reuters — CME Group hog futures fell on Thursday on poor export demand for pork, traders said. Cattle futures were mixed, with live cattle easing on weakening trades in the cash market. Feeder cattle contracts were supported by falling corn prices. The U.S. Agriculture Department said on Thursday morning that beef export sales […] Read more
(Keith Weller photo courtesy ARS/USDA)
Hogs, Livestock, Poultry/Eggs, Reuters

U.S. Supreme Court upholds California’s pig confinement law

Dissent suggests 'substantial burden against interstate commerce'

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Reading Time: 3 minutes Reuters — The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold a lower court’s dismissal of a […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall on poor fundamental outlook

Corn prices expected to remain weak

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday, as poor demand for pork smothered any bargain-buying attempts to pull prices away from contract lows hit earlier this week. Cattle contracts also were lower, but the declines were kept in check by expectations that corn prices will remain weak and keep feeding […] Read more
(Andreswd/iStock/Getty Images)
General, Markets

Feds lock in higher interest-free portion on cash advances

Budget boost in effect as of Monday

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Reading Time: 2 minutes A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

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Reading Time: 2 minutes Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more
A macrophage (immune response) cell in early stages of infection with African swine fever virus, magnified about 1,000x. (Keith Weller photo courtesy ARS/USDA)
Livestock

MPs get assurance on Canada’s biosecurity preparedness

Canada well prepared for foreign animal diseases, officials say

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Reading Time: 2 minutes Officials from several federal agencies have reassured the public about Canada’s animal biosecurity preparedness. Witnesses from the Canadian Food Inspection Agency (CFIA), Agriculture and Agri-Food Canada (AAFC) and the Canada Border Services Agency (CBSA) spoke to MPs’ concerns about livestock diseases at a committee meeting last Wednesday afternoon. Biosecurity preparedness has been a relevant issue […] Read more
CBOT June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rebound on technical bounce

Chicago cattle futures firm

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures recovered from contract lows on a round of technical buying on Tuesday, traders said. Traders also noted the recent declines may spark interest in the export market. “U.S. pork has become some of the cheapest in the world and it would appear we’re indeed starting […] Read more
Photo: File
Crops, Weather

Rain, drought highlight different growing areas

Eastern Prairies to see improved rains

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Reading Time: 2 minutes MarketsFarm — Depending on which region you’re in, you could be stuck in a severe drought or facing rains that will help alleviate that dryness or push back when fields should be dry enough to begin spring planting. That’s the assessment from Drew Lerner, president and senior agricultural meteorologist at World Weather Inc. at Overland […] Read more
Smoke rises from a wildfire near Wildwood, Alta., about 100 km west of Edmonton, on May 5, 2023. (Photo: Alberta Wildfire/Handout via Reuters)
Livestock, Reuters, Weather

Alberta ‘crossing fingers’ for rain amid wildfires

CN mainline traffic west of Edmonton suspended

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Reading Time: 3 minutes Reuters — Firefighters were counting on rain and cooler weather forecast for Monday to help them quell a dramatic start to Alberta’s wildfire season. The province declared a state of emergency on Saturday in response to wildfires in northern and central regions that have displaced nearly 30,000 people and prompted energy producers to shut in […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures extend losing streak

Feeder cattle turn higher on bargain buying

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the fourth straight session on Monday, with the most-active June contract hitting a new low, with traders focused on cash market weakness and light demand for pork. In CME cattle futures, feeder cattle contracts rebounded from six straight losing sessions on some bargain […] Read more

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