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CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures edge higher after limit down move

CME cattle futures weak

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed slightly on Tuesday after falling their daily trading limit in the previous session. Traders said the market had run out of steam after rallying to their highest since June 2014 last week. “There no doubt remains questions about the belly’s staying power at these levels […] Read more
CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Finishers, Livestock, Markets

Klassen: Stronger demand drives feeder market

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Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs limit-down off highest in nearly seven years

Follow-through selling drags on live cattle

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle ease after week of rising cash cattle, beef prices

Lean hog futures continue higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange eased on Friday, as basis between cash cattle and futures narrowed, analysts said. “We had some profit taking, because the cash market finally surged higher,” said Cassie Fish, analyst and author at the blog, The Beef. Cash cattle traded as high as […] Read more
Percentage of average precipitation in Western Canada for the 90 days ending April 5, 2021. (Agriculture and Agri-Food Canada map)
Crops, Forages, Weather

Manitoba forage, grassland growers burned by drought

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Reading Time: 2 minutes MarketsFarm — An ongoing lack of precipitation, which is showing no signs of letting up in the coming months according to weather forecasts, is already causing problems for Manitoba’s forage and grasslands. Growers in the province have had to deal with three straight years with lower-than-normal precipitation. In 2019, multiple rural municipalities in Manitoba’s Parkland […] Read more
(Vaclav Volrab/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Alternatives in greater demand

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Reading Time: 2 minutes MarketsFarm — Price increases for feed barley and wheat in Western Canada have caused more feeders to look elsewhere for sustenance for their livestock. Prices over the last year have shot up 25 to 40 per cent, according to Prairie Ag Hotwire. “Any time you run into a high-priced commodity market, the cost of feeding […] Read more
CME June 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink, red lines) and CME lean hog index (purple line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs strengthen on strong demand, firm exports

Live cattle down despite beef, cash strength

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange climbed higher on Thursday as tight supply and firm export demand offered support, analysts said. “A lot of that has to do with COVID and the pent-up demand we have, with more things opening up,” said Joe Kooima, commodity broker at Kooima […] Read more
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs gain as swine fever worries open up export markets

Boxed beef values lift live cattle futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange jumped higher on Wednesday on fears of African swine fever rising across parts of Asia, as well as tight domestic supply as the U.S. rebuilds its hog herd after culling during the height of the COVID-19 pandemic, analysts said. The Philippines reduced […] Read more
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up with consumer beef demand

Demand, cash prices also support hogs

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange climbed higher on Tuesday, supported by strong consumer beef demand and a firming cash beef market, analysts said. “The demand for protein is strong,” said Altin Kalo, economist at Steiner Consulting Group. It’s people getting ready for the spring and restaurants opening […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market digests USDA acreage report

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more

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