Reading Time: 3 minutes U.S. farmers criticized President Donald Trump’s suggestion that the country may import more beef from Argentina, after they recently lost out to the South American nation on soybean sales to top buyer China.
Beef Cattle
Trump plan to import Argentine beef angers U.S. farmers
Klassen: Feeder market extends rally
Reading Time: 2 minutes Western Canadian yearling prices traded back up to historical highs over the week ended Oct. 18, while calf markets made fresh highs at many locations. Western Canadian yearlings off grass traded $5-$10 higher on average compared to seven days earlier. Steer calves in the weight range of 550-825 pounds traded $8-$12/cwt higher on average while […] Read more
U.S. livestock: Live cattle correct higher
Reading Time: < 1 minute Live cattle futures on the Chicago Mercantile Exchange were stronger on Monday, taking back some of Friday’s losses amid ideas the declines were overdone. Cattle futures posted limit-down losses on Friday following comments from United States President Donald Trump that he would lower beef prices. Trump also said over the weekend that beef purchases from […] Read more
U.S. livestock: Cattle at fresh highs, hogs weaken
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange climbed to fresh highs on Tuesday, as tight supplies and the ongoing closure of the U.S./Mexican border to cattle from Mexico kept values well supported. The December live cattle contract gained 1.750 cents per pound at 246.500 cents. Chart-based positioning contributed to the gains, according to participants, with […] Read more
Klassen: Cash feeder market divorces from futures market
Reading Time: 2 minutes For the week ending October 11, Western Canadian yearling markets traded $8/cwt higher to $5/cwt lower compared to seven days earlier. Calf prices experienced a week-over-week decline of $3-$8/cwt on average. Feather-light calves under 450 pounds were steady to $10 higher on average. The Canadian cash feeder market appeared to divorce from the feeder cattle […] Read more
Klassen: Highs in place for the feeder market
Reading Time: 2 minutes For the week ending October 4, Western Canadian grass yearling markets traded steady to $5-$8/cwt lower on average compared to seven days earlier. Backgrounded yearlings were down $5-$12/cwt. Calf markets were down $5 to $10/cwt from a week earlier. There was an influx of calves over the past week which resulted in the softer tone […] Read more
U.S. livestock: Cattle markets up ahead of report
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were stronger on Friday, with positioning ahead of the U.S. Department of Agriculture’s latest cattle on feed report behind much of the activity. The report came out after the markets closed, with placements in August down 10 per cent on the year at 1.78 million head and marketings […] Read more
U.S. livestock: Cattle markets mostly higher
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were mostly higher on Monday, although the nearby October live cattle contract settled with small losses at the final bell. The October live cattle contract lost 0.175 cents per pound at 235.800 cents while the December contract was up 0.125 cents at 237.575 cents. October feeder cattle futures […] Read more
U.S. livestock: Profit-taking pressures cattle futures
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, with chart-based positioning a feature as the market continued to back away from nearby record highs. The United States Department of Agriculture reported weekly U.S. beef export sales of 16,600 tonnes, which was up 22 per cent on the week and 51 per cent […] Read more
Feed Grains Weekly: Price likely to keep stepping back
Expected to drop passed last year’s lows
Reading Time: 2 minutes As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.