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Beef cattle

CME August 2023 feeder cattle with 30-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle rally as corn prices sag

Live cattle, lean hogs down

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Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more
CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise, hogs fall

Feeder cattle back in Bollinger range

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts […] Read more
Ducklings on display at the Red River Ex in Winnipeg on June 20, 2023 stuck to the shady side of the waterer as daytime temperatures maxed out at nearly 36 C. (Dave Bedard photo)
General, Weather

Prairie Forecast: Shift in the pattern

Issued June 21, covering June 21 to 28

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The weather pattern that brought some record heat to the eastern Prairies, and some significant rains to parts of Alberta, looks like it will be undergoing a bit of change during this forecast period. The overall flow across the Prairies appears as though it will become predominantly northwesterly as an upper low sets up over […] Read more
CME August 2023 feeder cattle with Bollinger bands (20,2; right scale) and CBOT September 2023 corn (orange line, left scale). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle down as corn extends rally

Hogs end lower off early gains

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
Photo: File
Livestock, Markets, Reuters

U.S. livestock: Hogs rally to nine-month high; cattle ease

Cattle futures weaker on seasonal slowdown and profit-taking round

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General, Markets, Reuters

Canada retools inflation baskets with more focus on food, gas

Snowblowers and barbecues in, DVD players out

By
Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: 800-lb. steers touch $300/cwt mark

Nearby cash market at odds with futures

By ,
For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
File photo of the Raohe Night Market in Taipei, Taiwan’s capital. (Fazon1/iStock/Getty Images)
Beef Cattle, Livestock, Markets

Taiwan formally opens to OTM Canadian beef

BSE-era restriction now lifted

By ,
Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
Livestock, Markets

Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains

The Canadian government has submitted its views on proposed U.S. food labelling rules

By
Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more

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