Compared to last week, western Canadian yearling markets traded steady to $3 higher on average. Quality yearling packages of larger volume traded $2-$3 above week-ago levels. The calf market is becoming more defined. Larger calf volumes were on offer in Saskatchewan and Manitoba but smaller numbers were noted in Alberta. Therefore, we can’t accurately compare […] Read more
Klassen: April live cattle futures pull nearby cash feeder market higher
More feedlots switching back to barley
U.S. livestock: CME lean hog futures weaken
Live cattle futures gain, feeder cattle under pressure
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures eased on Monday as the U.S. Agriculture Department lifted its forecast for domestic pork production and lowered its price outlook for pigs for this year. The department, in a monthly report, raised its estimate for pork production in the third quarter by 0.9 per cent […] Read more
U.S. livestock: CME live cattle up on demand, tightening supplies
Hogs up on technical bounce
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday in tandem with higher equities and energy markets as a robust slaughter pace and concerns about reduced cattle supplies in the coming months fueled buying. Packers have accelerated their daily slaughter pace following plant downtime around Monday’s Labour Day holiday and they […] Read more
U.S. livestock: CME lean hogs mostly lower on weak cash market
Chicago live cattle mixed, feeders up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly lower on Thursday as eroding cash hog prices weighed on the market along with weaker wholesale pork prices and slumping pork exports. Technical buying helped to underpin the actively traded October contract, the only month that closed higher on Thursday, while back month […] Read more
U.S. livestock: CME live cattle down on quiet cash trade
Hog futures narrowly mixed
Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on Wednesday as quiet trade on the cash market fortified concerns about light demand, traders said. Hog futures were narrowly mixed, with short-covering providing support, while worries that a firm U.S. dollar will chill export demand for pork added pressure. Benchmark CME October live cattle […] Read more
Saskatchewan’s livestock vet loan plan expanded to bigger centres
Urban vet clinics' work with rural producers noted
Saskatchewan’s program to forgive provincial student loans for veterinarians and vet techs serving livestock producers at rural clinics will now also cover those doing the same work out of bigger communities. The province’s Loan Forgiveness for Veterinarians and Veterinary Technologists program was first announced in April last year, offering forgiveness of 20 per cent of […] Read more
U.S. livestock: CME live cattle climb on cash market optimism
Lean hog futures also close higher
Chicago | Reuters — Chicago Mercantile Exchange livestock futures rose on Tuesday on hopes that the pace of slaughter of both cattle and hogs will pick up after slowing down for the U.S. Labor Day holiday weekend. Short-covering was also noted in hog futures after the front-month contract sank to its lowest since Feb. 9 […] Read more
A NEW DAWN: Cattle producers get some relief with higher prices
Fall run looks promising for beleaguered cow-calf producers
Reading Time: 5 minutes Daniel Doerksen is one of many in the cattle sector who are feeling more positive as prices pick up. “To see cattle prices finally increasing is a reason to be optimistic and want to be in the cattle business,” said Doerksen, who runs a commercial cow-calf and feedstock operation along with a feedlot near Gem. […] Read more
Klassen: Feeder market ratchets higher
Compared to last week, western Canadian yearling prices markets traded $2-$5 higher on average. Calves were quite variable. This was the first week when larger groups of calves were featured on the internet sales. Prices on the internet appeared to be significantly stronger than smaller groups under 10 head moving through auction rings. Feedlot operators […] Read more
U.S. livestock: CME live cattle climb on cash market optimism
CME lean hogs slip on cash market pessimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday on expectations of higher cash cattle prices next week and position-squaring ahead of a long U.S. holiday weekend, traders said. Benchmark CME October live cattle futures settled up 1.75 cents at 144.55 cents/lb., with December up 1.675 cents at 150.25 cents […] Read more
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