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Tag Archives feeder cattle

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

Klassen: Yearling market holding value

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Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded $3 higher to $3 lower on average. The yearling run is well underway and there was no shortage of buying interest. Finishing feedlots were very aggressive on quality packages coming fresh off grass. Once again, buyers focused on local cattle, causing […] Read more
CME December 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking

Hogs 'stretched out technically last week'

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs climb on bullish pork export prospects

Live cattle continue following hogs higher

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Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more
CME October 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures limit up on pork export optimism

CME live cattle follow lean hogs higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures closed up their daily limit on Thursday as confirmation of a case of African swine fever in a wild boar in Germany fueled expectations that pork importers would turn to the United States for supplies, traders said. Firming cash hog values and rising wholesale pork prices added […] Read more
CME October 2020 lean hogs with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise as cash values firm

Live cattle follow cash cattle, beef prices lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose on Wednesday, reaching a four-month high on firming cash hog prices, optimism about pork demand and technical buying, analysts said. The Chicago Mercantile Exchange October lean hog futures contract settled above its 200-day moving average, rising 1.475 cents to end at 61.375 cents/lb. after reaching 61.725 […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise on expectations of firm cash values

Hog market appears technically overbought

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Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling markets mixed

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Reading Time: 2 minutes Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more
CME October 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit four-month high on export hopes

Post-Labour Day beef demand in doubt

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Reading Time: 2 minutes Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more
CME October 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs hit four-month high on strong export sales

CME cattle lower on demand uncertainty

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Reading Time: 2 minutes Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more
(SCIC.ca)
Beef Cattle, Livestock, Markets

Saskatchewan extends WLPIP premium rebate if needed

Rebate to offset premium prices, if above pre-COVID levels

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Reading Time: 2 minutes Saskatchewan’s temporary subsidy against price jumps in premiums for the Western Livestock Price Insurance Program (WLPIP) will continue when needed to the end of 2020. Saskatchewan Crop Insurance Corp. (SCIC), which administers the program in that province, announced Tuesday the WLPIP premium rebate is extended to Dec. 31, from its previous end date of Sept. […] Read more

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