Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising […] Read more
U.S. livestock: CME cattle, hogs drop in broader commodities sell-off
Investors take 'risk-off' approach, U.S. dollar surges
U.S. livestock: CME cattle up on firm cash market, beef prices
Speculative buying, cash pork prices lift lean hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales […] Read more
U.S. livestock: Lean hogs, live cattle end lower on uncertain demand
'Labour availability' still an issue for packers
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly three per cent rise (all […] Read more
U.S. livestock: CME lean hogs climb on strong cash
Live cattle also higher
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose nearly three per cent on Monday on technical buying and relatively strong cash hog markets, analysts said. CME’s benchmark October hog contract settled up 2.475 cents, or 2.9 per cent, at 89 cents/lb., pushing just above chart resistance at the contract’s 100-day […] Read more
AMR a battle that producers and the beef sector cannot afford to lose
Antimicrobial resistance in cattle isn’t going away, so proper use of livestock drugs is critical
Reading Time: 5 minutes There’s a microscopic war raging in your soil, and these bacteria will do whatever it takes to protect and expand their territory. “It’s like a little arms race that goes on naturally in the environment,” said Reynold Bergen, science director for the Beef Cattle Research Council. “They’re using antibiotic resistance to defend themselves against each […] Read more
Livestock tax deferral program kicks in early
Program is aimed at helping producers rebuild their herds
Reading Time: < 1 minute Ottawa has started up its Livestock Tax Deferral months ahead of normal to give producers who have to sell cattle a better economic route to rebuilding their herds next year. Alberta Beef Producers and other cattle groups had requested the earlier-than-usual start to the program. Some also want an expansion of the deferral provision beyond just […] Read more
Klassen: Yearlings hold value while calves remain under pressure
Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more
There will be more heatwaves, and we need to be prepared
Extreme heat is no different than any natural disaster, so get an emergency checklist ready
Reading Time: 3 minutes By the time you read this, one of the longest heatwaves to hit the Prairies should be ancient history and you’ll be assessing what the ramifications were. If this becomes an event we see every few years (global warming?), we need to explore how we can potentially initiate emergency measures to help cattle cope. For […] Read more
Klassen: Drought conditions spur on fall cattle run
Compared to last week, Western Canadian feeder yearling prices were relatively unchanged; calves traded $2 to $5 lower. The fall run has started. Drought like conditions have caused many ranchers to sell cattle 30 to 45 days earlier than normal. Steers averaging 900 pounds were readily trading in the range from $185 to $190; steers […] Read more
Klassen: Feed barley rally pressures feeder cattle market
Compared to last week, Western Canadian yearling steers traded $4 to $8 lower while heifers were down $2 to $4. Calves traded $5 to as much as $10 below week-ago levels. Feed barley in the Lethbridge area traded in the range of $390/tonne to as high as $415/tonne, up $25-$30/tonne from seven days earlier. Crop […] Read more