Cattle producers leasing Crown land for grazing in Saskatchewan won’t see a rate hike this year and may be eligible for a significant rate cut. The provincial government announced Wednesday it has frozen the rates charged to producers who lease Crown grazing land in 2023 at their 2022 level. The freeze will apply to all […] Read more
Saskatchewan holds Crown grazing rents at last year’s levels
Also, leaseholders on drought-downgraded land eligible for rate cut
U.S. livestock: Hog futures hit lowest since late 2021
Ballooning supplies an issue; cattle futures mixed
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell to their lowest in more than a year on Wednesday, with plentiful supplies and weak export demand weighing on prices, traders said. Cattle futures were mixed, with nearby contracts easing while deferred contracts firmed on concerns about low animal weight. February lean hog futures ended […] Read more
U.S. livestock: CME cattle futures firm even as feed prices weigh
Lean hogs end lower, pork packing margins up
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
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
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
Cowboys and conservation: The battle for the Eastern Slopes
The fight to stop new coal mines in this iconic Alberta landscape is far from over
Reading Time: 5 minutes Nearly three years after the province tried, and failed, to open the Eastern Slopes to coal mining, this iconic piece of Alberta is still under threat, say those who live and work there. “We have to make sure that this land is going to continue for generations,” said Laura Laing, a Nanton-area rancher and part […] 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
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
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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