Livestock
Chicago | Reuters — U.S. lean hog futures declined for the third day in a row on Wednesday as prices for pork and hogs in cash markets continued to weigh on futures, traders and analysts said. Most-active Chicago Mercantile Exchange April hogs dropped to the lowest levels in five months and its premium over the […] Read more
U.S. livestock: Hogs extend slide on weak cash, pork prices
Pigs could soon move off Alberta’s PED-infected farm
The first, and so far only, Alberta hog farm to catch porcine epidemic diarrhea (PED) could see animal shipments restart on a supervised basis “in the coming week.” The provincial ag ministry on Thursday said its investigation of the PED case, discovered Jan. 3 at a 400-head farrow-to finish operation, “continues to suggest that the […] Read more
U.S. livestock: Hog futures drop on weak pork prices
Chicago | Reuters — U.S. lean hog futures fell to the lowest levels since mid-August on Wednesday, declining for the second straight session as weaker prices for pork pointed to abundant supplies, traders and analysts said. Cattle futures also eased on the Chicago Mercantile Exchange but prices stayed within recent trading ranges as investors waited […] Read more
U.S. livestock: Hogs fall on technical selling, live cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined more than one per cent on Tuesday, giving back a portion of gains notched on Monday in a technical setback, traders said. Hogs on Monday surged from a multimonth low, boosted in part by technically oversold conditions. But the market remained anchored by abundant […] Read more
Klassen: Fed cattle weakness pressures yearlings
Compared to last week, western Canadian yearlings and calves over 700 lbs. traded steady to $3 lower on average. Weakness in the fed cattle market weighed on the heavier replacements. Alberta packers were buying fed cattle at $155 on a live basis, down $7 from the highs seven days earlier. Barley prices were up $3-$5 […] Read more
U.S. livestock: Cattle, hog futures climb on technical buying
Chicago | Reuters — U.S. livestock futures were higher on technical buying on Monday, with live cattle nearing recent contract highs and lean hogs rebounding from a multi-month low reached on Friday, traders and analysts said. Firmer prices for pork and beef in the wholesale market also buoyed futures. Hogs jumped as much as four […] Read more
What’s in the beef research pipeline?
Reading Time: < 1 minute An increase in the national beef checkoff (from $1 to $2.50 per head in most provinces) has increased the Beef Cattle Research Council’s research budget to about 75 cents per head (versus 15 cents previously). Under the new Beef Science Cluster III program — which runs until March 31, 2023 — $21 million will go […] Read more
U.S. livestock: Live cattle futures firm
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose slightly on Friday, rebounding from Thursday’s declines on some bargain buying. Hog futures were mostly higher after falling to their lowest since Aug. 9 on Thursday, providing an opportunity for some end-of-week short-covering. But feeder cattle contracts weakened to their lowest since Jan. 23, pressured […] Read more
U.S. livestock: Cattle futures ease after hitting contract highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday on a round of profit taking after hitting contract highs early in the session. Feeder cattle contracts weakened in sympathy while hog futures eased on concerns about the spread of African swine fever, traders said. Hog futures hit their lowest since Aug. […] Read more
Get the lowdown on new beef yield grades
Reading Time: < 1 minute Canada’s beef yield grade standards have now changed to mirror U.S. ones, with five yield classes replacing the former three classes. The Canadian Cattlemen’s Association has several resources on its website outlining the changes and what it means to producers. This includes a brief on the five most commonly asked questions of the Canadian Beef […] Read more