Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $5 lower to $3 higher while calves under 600 lbs. were $2 to as much as $7 higher. Yearlings were somewhat sluggish in the eastern Prairie regions, as feedlot operators in Alberta focused on local cattle. Fleshier backgrounded cattle are coming on the market at this […] Read more
Klassen: Deferred live cattle futures pull feeder market higher
U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism
Relief bill expected to lift meat demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures firmed on Monday, recovering from a seven-week low hit last week, on optimism that the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy and bolster demand for meat, traders said. CME April live cattle futures settled up 0.325 cent at 119.35 cents/lb., […] Read more
U.S. livestock: Hog futures take a breather
April live cattle up, but well down off highs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more
U.S. livestock: Pork export sales rise, profit-taking hits hog futures
Cattle futures down while beef exports up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more
U.S. livestock: Lean hogs up on new swine fever outbreak in China
April live cattle down, feeders up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The […] Read more
U.S. livestock: Lean hogs down off recent gains
April live cattle end up off five-week low
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped 2.7 per cent on Tuesday as the market retreated from recent surges. Profit-taking has weighed on prices since most-active April hog futures reached a life-of-contract high on Thursday. Still, traders said robust Chinese demand for pork imports is underpinning the futures market. Traders are […] Read more
Klassen: Steady demand supports feeder cattle prices
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged while calves were steady to $2 higher on average. Auction barns received larger supplies of backgrounded cattle and there was a fair amount of direct trade of yearlings off farm. Larger supplies of heavier-weight feeders appeared to limit the upside but there was no slippage. […] Read more
U.S. livestock: Live cattle hit five-week low
Technical selling, weaker beef prices bring pressure
Reading Time: 2 minutes Chicago | Reuters — Technical selling on Monday drove Chicago Mercantile Exchange live cattle futures to their lowest prices in more than five weeks, while lean hog futures recovered from a sell-off. The cattle market’s losses brought the most-active April contract down six per cent from a life-of-contract high reached on Feb. 16. Strong domestic […] Read more
Beef cattle sector weighs in for federal food processing study
Cattlemen's Association makes recommendations to Commons' ag committee
Reading Time: 2 minutes The House of Commons’ standing committee on agriculture will soon be wrapping up its study into Canada’s processing capacity. Since November, MPs have heard from more than 50 witnesses on the matter — including representatives from the Canadian Cattlemen’s Association, whose president Bob Lowe and executive vice-president Dennis Laycraft testified at a committee meeting Tuesday. […] Read more
U.S. livestock: Hog futures drop on end-of-month profit taking
Live cattle book biggest one-day drop since November
Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more
A message from April Stewart, Country Guide's Associate Editor
