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Cow-calf

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecast drives feeder market higher

Feedlots factoring in lower feed grain values

By
Reading Time: 2 minutes Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
CME July 2023 lean hogs with 20-day moving average (pink line, right column) and CME cash lean hog index (blue line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up two per cent on firm cash markets, short-covering

June live cattle down, later months up

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Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose more than two per cent on Monday on signs of firming cash hog values, rising wholesale pork prices and short-covering. CME June lean hog futures settled up 2.05 cents at 86.15 cents/lb., with the July contract up 2.175 cents at 87.5 cents […] Read more
A smoke column rises from a wildfire on May 4, 2023 near Lodgepole, Alta., about 30 km southwest of Drayton Valley. (Photo: Alberta Wildfire handout via Reuters)
Livestock, Reuters, Weather

Alberta wildfire fighters prepare for hot, dry days ahead

Temperatures to approach 30 C next week

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Reading Time: 2 minutes Reuters — An extended period of hot, dry weather that risks worsening wildfires in Alberta began on Friday, with special weather alerts in place across Western Canada and officials urging people to be vigilant. More than 100 wildfires have ignited across Alberta since last week, forcing tens of thousands of people to evacuate homes, farms […] Read more
CME August 2023 feeder cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise on falling corn prices

Chicago lean hogs also firm

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Reading Time: < 1 minute Chicago | Reuters — CME Group cattle futures contracts rallied on Friday as a government forecast for a record-large U.S. corn harvest raised expectations that feeding costs will weaken as the supply base rises. Hog futures ended firm on signs of improving values in the cash market, traders said. Most actively traded June lean hog […] Read more
Smoke rises from a wildfire in Alberta’s Strathcona County, east of Edmonton, on May 5, 2023. (Photo: Video screengrab from @hellohildy on Twitter via Reuters)
Livestock, Weather

Alberta fairs, auctions offer space for evacuated livestock

Central areas catch break with moisture, cooler weather; CN service resumes

By
Reading Time: 3 minutes Alberta’s ag societies and livestock auction marts are offering up pen space for producers forced to evacuate animals away from dozens of wildfires in the province’s northern and west-central regions. As of early Thursday evening, the province was tracking 76 active wildfires, of which 22 were listed as “out of control” and 17 as “being […] Read more
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
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
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

By
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
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
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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