Chicago | Reuters – Chicago Mercantile Exchange spot live cattle futures rose on Tuesday, as the northern cash market continued to trade at a record premium over the south amid drought-hit grazing grounds, traders said. But CME’s benchmark August live cattle futures LCQ2 and deferred contracts slipped on worries about the health of the U.S. economy, and […] Read more
U.S. livestock: Live cattle mixed on seasonal slump, domestic demand worries
Keep an eye out for drought-caused nutrient deficiency in your cattle
Nutrient deficiencies have ripple effects, including slower gain and lower pregnancy rates
Reading Time: 4 minutes Feeding cattle through last year’s drought was tough enough — but for some producers, its impact on the health of their cattle isn’t over. “The biggest challenge for producers through the drought was finding good-quality feed for a feasible price. A lot of low-quality fibre like straw was fed,” said Courtney O’Keefe, ruminant nutritionist at […] Read more
Klassen: Feeder cattle trend higher, favourable beef outlook
Compared to last week, Western Canadian yearlings traded $8 to as much as $12 higher; mid-weight feeders in the range of 700-800 pounds were also $8-10 higher. Calves under 700 pounds were unchanged to $6 higher. The feeder market took a fortuitous bounce last week. Major feedlots were extremely aggressive on yearlings while supplies were […] Read more
U.S. livestock: Hog, live cattle futures fall on recession fears
Chicago | Reuters – CME Group live cattle and hog futures fell on Thursday, pressured by growing fears of a recession that could cut demand for pricey meats, traders said. Losses accelerated due to fund liquidation as the end of the quarter nears. But feeder cattle futures were firm as falling corn prices raised the […] Read more
Meat warning label proposal slammed by Alberta beef producers
Ground meat is a nutritious food and saying it is high in saturated fat is misleading and harmful, groups say
Reading Time: 3 minutes Alberta cattle producers say they are feeling betrayed by the federal government after Health Canada recently announced a plan to add saturated fat warning labels to ground meat. “Labelling ground beef — an affordable, nutritious and versatile protein, and a staple food for most Canadians — is misleading and does not make sense to us,” Alberta […] Read more
U.S. livestock: Hog futures retreat from two-month high; cattle also fall
Chicago | Reuters – CME Group cattle futures fell on Wednesday, as surprise deliveries in Texas showed that cash market supplies were higher than expected, traders said. Hog futures were lower, snapping a streak of four straight higher closes as traders locked in profits from the market’s move to a two-month high. CME July lean […] Read more
Klassen: Barley price forecasts enhance feeder cattle demand
Recent rains nearly guarantee at least average yields
Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more
Total ban on killing grizzly bears isn’t working, say cattle producers
ABP wants government to issue permits to kill bears that repeatedly kill cattle and damage property
Reading Time: 5 minutes The province’s main cattle group says producers should be able to get a permit to kill grizzly bears that repeatedly kill livestock and damage property. “Alberta Beef Producers has resolved to lobby the government to provide livestock owners and landowners with permits, allowing them to kill a dangerous grizzly without being charged,” said Brad Dubeau, […] Read more
Heat, humidity kill at least 2,000 Kansas cattle, state says
Chicago | Reuters — Extreme heat and humidity killed thousands of cattle in Kansas in recent days, the state said, and sizzling temperatures continue to threaten livestock. The deaths add pain to the U.S. cattle industry as producers have reduced herds due to drought and grappled with feed costs that climbed as Russia’s invasion of […] Read more
Klassen: Rains enhance demand for grass cattle
Deferred cattle futures showing strength
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more
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