For the week ending February 8, the Western Canadian feeder cattle market was hard to define. Prices were softer earlier in the week but were creeping higher by Friday.
Klassen: Feeder market stalls; cold temperatures, tariff threat limit sales
Speculators exit short positions in canola
Net short smallest since 2023
Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. livestock: Cattle prices pull back
Slaughter numbers down for cattle
Live and fed cattle futures on the Chicago Mercantile Exchange were steady to lower on Friday, as the slaughter was behind pace.
U.S. grains: Corn, soy, wheat futures sag on renewed U.S. tariff worries
Chicago Board of Trade corn, soybean and wheat futures weakened on Friday on renewed worries that trade disputes could hurt demand for U.S. farm products, analysts said.
U.S. grains: Wheat futures jump on Black Sea crop worries, short covering
Chicago Board of Trade wheat futures climbed to their highest level since October on Thursday as cold weather stoked concerns about potential crop damage in the Black Sea region, analysts said.
U.S. Grains: Soybean, corn futures fall on improving Argentina weather forecast
Rains benefit dry Argentine crop areas
Chicago Board of Trade grain and soy futures backpedaled from their highest prices in months on Wednesday as weather forecasts improved in Argentina, analysts said.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
U.S. Grains: Soybeans climb to highest since July as tariff worries ease
Chicago Board of Trade soybean futures jumped to their highest level since July on Tuesday as concerns eased that trade disputes will disrupt U.S. agricultural exports, analysts said.
Klassen: Western Canadian feeder markets set fresh high amid tariff threat
For the week ending February 1, Western Canadian feeder cattle markets traded steady to $8 per hundredweight higher compared to seven days earlier. In some cases, larger packages of quality genetics were up as much $15/cwt from the prior week.
U.S. livestock: Cattle rally continues
Live cattle futures on the Chicago Mercantile Exchange hit fresh contract highs once again on Tuesday, with expectations for declining U.S. inventories behind some of the buying interest.
Cyber-Savvy Farmer
