Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more
U.S. livestock: Live cattle futures gain on strong cash trade
CME lean hogs down off six-week high
U.S. livestock: Live cattle strengthen on demand outlook
Export demand supports hog futures, for now
Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more
Klassen: Feeder market stabilizes on demand hopes
Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier; however, market reports were quite variable depending on the region and weight category. In most cases, prices for calves under 550 lbs. were $2 to as much as $10 higher while values in the heavier weight categories were $3 lower to $3 […] Read more
U.S. livestock: Lean hog futures gain on strong pork demand
Weak beef exports drag on live cattle futures
Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more
The cattle backlog is easing, but feedlots are still hurting
Feedlot owners losing $200 to $300 a head even though glut of market-ready cattle is smaller
Reading Time: 4 minutes While the backlog of cattle from packing plant closures and slowdowns last spring has dwindled, feedlot owners are still being hit hard. In the spring, there was a backlog of 130,000 cattle that needed to be processed. That number is now down to 30,000, thanks to no more further shutdowns at packing plants, which have […] Read more
U.S. livestock: Live cattle futures trim as traders weigh weak exports
Lean hogs down with pork export figures
Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more
You can’t beat the view
Reading Time: < 1 minute It doesn’t get much prettier than this classic Alberta scene. This photo by Michael Moskaluk was taken in late October at the Elkhorn Stock Ranch in the Willow Valley.
When it comes to equipment, it’s best to be like a Boy Scout
Beef 911: ‘Be prepared’— maintain equipment and having a backup plan
Reading Time: 3 minutes We all spend lots of time in animal health using equipment to administer vaccines, giving implants, weighing cattle, handling cattle, and administering pain control. In the veterinary world, we use surgical instruments, semen ejaculators, ultrasounds for diagnosis of reproductive things to internal problems and other equipment ranging from tubing devices to esophageal feeders to calf […] Read more
U.S. livestock: Live cattle up on cash market optimism, beef demand
Hogs up ahead of USDA exports report
Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more
U.S. livestock: Cattle futures follow beef prices, Dow higher
Chicago lean hogs end mixed
Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more