Reading Time: 2 minutes The year-over-year decline in last year’s calf crop has caused the market to set new records. Larger finishing feedlots are setting the price structure as many of these lots have seasonal low inventory. The quality of yearlings coming off grass is excellent with buyers shopping for feed efficiencies.
Klassen: Western Canadian yearling prices hit fresh record highs
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Reading Time: 2 minutes Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
U.S. livestock: Lean hog, cattle futures turn lower on demand questions
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) livestock futures turned lower on Monday, as cattle futures fell on signs of profit taking, a steady cattle cash market and uncertainty about consumer demand for beef this fall, market analysts said.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Reading Time: 2 minutes Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
U.S. livestock: Feeder cattle gain strength as corn prices plunge
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures ticked up Friday on steep losses in the U.S. grains market, while lean hogs mostly firmed on short-covering, analysts said.
U.S. livestock: Lean hog futures firm on technical trade; cattle futures mixed
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) lean hog futures ticked up on technical trading on Wednesday, while cattle futures were mixed to lower, analysts said.
U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
Reading Time: < 1 minute Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.
U.S. livestock: Technical trading sends CME livestock futures higher
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) livestock futures turned higher on Tuesday, with cattle futures continuing to firm amid signals that cash market prices may ease, market analysts said.
U.S. grains: Soybeans, corn touch two-week highs on short-covering, weather
Reading Time: 2 minutes The price rally in Chicago Board of Trade (CBOT) corn futures extended into a second day on Tuesday, with the most-active contract Cv1 reaching a two-week high, as traders began to focus on weather-related impacts on the U.S. crop and short-covering, market analysts said.
Klassen: Feeder market leaps higher
Reading Time: 2 minutes For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
A message from April Stewart, Country Guide's Associate Editor
