Livestock
Chicago | Reuters — Chicago Mercantile Exchange livestock futures were mixed on Tuesday as soybean and grain prices firmed, traders said. Live cattle and feeder futures were able to continue Monday’s price bump. But the higher feed prices weighed on the beef market, as did questions over consumer and export demand, StoneX chief commodities economist […] Read more
U.S. livestock: CME cattle futures firm even as feed prices weigh
Lean hogs end lower, pork packing margins up
Backlog of fed cattle should soon be cleared, says analyst
There are still challenges, but the coming year is shaping up well so far
Reading Time: 2 minutes A backlog of fed cattle that has adversely affected feedlots should start to clear soon, says a livestock economist with Alberta’s agriculture department. Feedlots in Alberta and Saskatchewan had plenty of fed cattle supply at the end of 2022 and fed cattle basis levels were wide, said Ann Boyda. “Any further backlog is expected to […] Read more
Klassen: Feeder market’s upward trend continues
Manitoba, Saskatchewan see limited gains
Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
U.S. livestock: CME cattle firm on bargain buying, grain values
Chicago lean hogs end day lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Monday amid a spate of bargain buying after a recent slump in prices helped mute market impact of the bearish results of the latest Cattle on Feed report from the U.S. Agriculture Department, traders said. Cattle futures also were boosted by a sharp drop […] Read more
U.S. livestock: CME cattle end higher, rebounding ahead of USDA data
Hogs up after several days' slide
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Friday on bargain buying a day after setting one-month lows, and as traders squared positions ahead of monthly feedlot data released by the U.S. Department of Agriculture after the close of trading. CME February live cattle settled up 0.675 cent at 156.625 cents/lb., […] Read more
Assessing lameness in livestock for transport
Reading Time: < 1 minute The Canadian Food Inspection Agency has created a simple one-page infographic that can be used to assess the fitness of an animal for transport. The ‘Assessing lameness for transport’ poster outlines the yes/no questions to be answered when rating an animal, which is either placed in a ‘Go,’ ‘Unfit’ or ‘Compromised’ category. Depending on the […] Read more
U.S. livestock: CME live cattle futures hit one-month low
USDA data awaited; hogs down on wholesale pork price weakness
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday with the most-active April contract hitting a one-month low on technical selling, soft cash cattle markets and weak wholesale beef prices, traders said. CME February live cattle settled down 0.85 cent at 155.95 cents/lb., near its 50-day moving average, after touching 155.375 […] Read more
Avian flu pops back up in New Brunswick
B.C. only other province with cases so far this month
Highly pathogenic avian influenza in domestic birds in Canada appears to be in check so far this month in most regions of the country outside southwestern B.C. — but for one recent case in Atlantic Canada. The Canadian Food Inspection Agency (CFIA) has confirmed an outbreak of high-path avian flu in what it describes as […] Read more
U.S. livestock: CME hog futures sag as pork prices hover near two-year lows
Live cattle mixed, March feeder cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday as cash hog prices remained soft and wholesale pork prices lingered near two-year lows, traders said. “We continue to search for a bottom on the hogs, and the cash market stays under pressure,” said Don Roose, president of Iowa-based U.S. Commodities. “It’s […] Read more
U.S. livestock: CME cattle futures sag on long liquidation, rising grains
Hogs end mixed as traders' net long position shrinks
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, on spillover weakness from feeder cattle futures and long liquidation as market players responded to a hefty net long position held by commodity funds, analysts said. CME February live cattle settled down 0.725 cent at 157 cents/lb. and April futures fell 0.8 […] Read more
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