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Beef cattle

CME December 2023 live cattle with 20-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures drop on technical selling

U.S. supply outlook drags on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent […] Read more
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feeder market falters at record highs

Risk premiums in market seen eroding

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Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally, […] Read more
File photo of Lake Winnipeg at Grand Beach Provincial Park. (IanChrisGraham/iStock/Getty Images)
General, Weather

Prairie Forecast Update: Wet weather for southern Manitoba, southeastern Saskatchewan

Update issued Oct. 2, covering Oct. 2-4

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The strong area of low pressure that the weather models have been forecasting to impact the eastern half of the Prairies on Tuesday and Wednesday is starting to take shape. The latest model runs show the low pushing northward into western Manitoba early on Tuesday morning and then moving off toward northwestern Ontario by late […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs extend selloff on supply view

Cattle futures book gains

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the […] Read more
File photo of an old-school hand-operated pump on a rural Alberta property.
Columns

Digging wells and finding water

Where to find the information you need before digging

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Unfortunately, by the time this issue hits your mailbox, many farmers will have the slim pickings of 2023 in the bin or bales. It has been especially brutal for cattle folks who have little hay to bale and face the awful decision of downsizing herds, including the loss of genetics built up over many decades. […] Read more
CME December 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs limit down on USDA report

Chicago cattle also end lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled by the daily trading limit on Friday under pressure from stronger-than-expected productivity in U.S. herds, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended on Thursday, surprised analysts by reporting the average pigs saved per litter reached 11.61 […] Read more
It is important to crunch the numbers to determine if backgrounding pays. This may not be the year.
Beef Cattle, Cattleman’s Corner, Columns

Economics of backgrounding didn’t pencil out

With high feed costs, this example of adding 300 pounds over winter was a losing proposition

By
Years ago, I took one of my first beef marketing courses from a professor who wore a clean white lab coat to class. There was nothing wrong with that, but his previous class was a red meat-cutting class. One of the first thing he taught us is how to determine background-feeding profit. If its expenses […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs to face bigger-than-expected herd

CME cattle futures turn higher

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to a one-week high on Thursday but face pressure from a U.S. government report that showed a larger-than-expected domestic herd, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended, said the inventory of all hogs and pigs on […] Read more
Winter feeding bison on top of a patch of foxtail barley has been an effective way for Jacques Saquet to control the weed.
Cattleman’s Corner

Applying management to pasture weed control

Maintaining a healthy forage stand is best defence against weeds

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Peter Tokar and Jacques Saquet are two Manitoba livestock producers who have applied changes in management practices to help control some particularly difficult pasture weed infestations. Tokar, who owns a mixed farm — primarily a beef cow-calf operation — near Swan River in west-central Manitoba, deals with patches of burdock on his pastures. Saquet, who […] Read more
CME November 2023 feeder cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle slump to lowest in over a month

December live cattle down, hogs up

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Chicago | Reuters — Feeder cattle futures slid to their lowest level in more than a month at the Chicago Mercantile Exchange on Wednesday, while live cattle futures neared a two-week low. Fund liquidation and technical selling pushed down prices, brokers said. Some market participants booked profits before the end of the month and quarter, […] Read more

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