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(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat falls on Southern Hemisphere harvest

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday for a sixth straight session, pressured by the expanding harvest of crops in the Southern Hemisphere that should add to plentiful global grain stockpiles, analysts said. Corn futures fell on disappointing weekly U.S. export data and soybeans posted modest declines. The most-active March wheat contract […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle prices climbing

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Reading Time: 2 minutes Western Canadian feeder cattle markets were trading $5-$7 above week-ago levels, with higher-quality cattle trading as much as $10 higher. It’s difficult to quarrel with one’s bread and butter; feedlot margins are now in positive territory and cattle feeders are keen on ownership with the positive outlook into the March timeframe. Feature presort calf sales […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Hogs, cattle firm on pre-holiday technical buying

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures gained one per cent on Wednesday while live and feeder cattle each rose modestly, boosted by technical buying and good demand from meat packers ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Chicago Mercantile Exchange December lean hogs notched a two-month high, before finishing just below […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Hogs falter on profit-taking after two-month high

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Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures eased about one per cent on Tuesday as investors locked in profits after prices earlier climbed to the highest levels in more than two months, traders and analysts said. Chicago Mercantile Exchange live cattle futures were slightly higher and feeder cattle narrowly lower, in largely technically-driven trade ahead […] Read more
(Keith Weller photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans climb to four-month high

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures hit a four-month high on Tuesday on strength in Chinese soy markets and technical buying, analysts said. Corn inched higher while wheat closed mixed ahead of the U.S. Thanksgiving holiday on Thursday. Chicago Board of Trade soybeans for January delivery settled up 9-3/4 cents at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle jump on positive outlook

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Reading Time: 2 minutes Average prices for steer and heifer calves jumped $8-$10 this past week with some buyers reporting values as much as $15 above week-ago levels. Feedlot operators could feel it in their bones earlier in November and there were no strings attached on orders flowing across the Prairies. Favourable weather reinforced the narrow premium of weaned […] Read more
(USDA.gov via Flickr)
Beef Cattle, Livestock, Markets, Reuters

U.S. October feedlot cattle placements hit four-year low

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Reading Time: 2 minutes Chicago | Reuters –– U.S. feedlots in October received five per cent fewer cattle than a year earlier, the U.S. Department of Agriculture said Friday, a four-year low for that month that was in line with average trade predictions. Ranchers grew cattle outside of feedlots longer thanks to still healthy grazing pastures in parts of […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle gain slightly before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures nearby contracts posted modest gains on Friday as traders tweaked positions before the U.S. Department of Agriculture’s monthly Cattle on Feed report at 2 p.m. CT. Most analysts, on average, believe fewer animals were put into feedlots in October than a year ago. December live […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat climbs on acreage view, short-covering

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose about 1.5 per cent on Thursday as expectations for a drop in U.S. wheat plantings for 2017 and strong weekly export sales prompted short-covering, traders said. Corn and soybeans closed modestly higher on technical buying and strong weekly export sales. Chicago Board of Trade December wheat settled […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets, Reuters

U.S. livestock: Ample supplies drop hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent/lb. to 46.125 cents, and February ended 0.7 cent/lb. lower at 52.9 cents (all figures US$). “There are […] Read more

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