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Beef cattle

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef Cattle, Livestock, Markets, Reuters

JBS to pay US$25 million in latest beef price-fixing settlement

Settlement calls for co-operation in cases against other defendants

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Reuters — JBS SA has agreed to pay US$25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high. The proposed settlement in Minnesota federal court was disclosed on Friday from plaintiffs’ lawyers representing a class of businesses that […] Read more
CME May 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle hit new highs on supplies, cash market

Live cattle, lean hogs also up

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures hit new all-time highs in the nearby contracts on Monday, as bidding wars continue to rally cash prices as more producers show interest in expanding their herds, traders said. The rally helped give a boost to the pork market, where CME April lean hogs ended […] Read more
CME June 2023 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle pull back from all-time highs

Chicago lean hogs up off contract lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Friday after racing to all-time highs during the previous three sessions as tightening U.S. supplies rallied cash prices. Profit-taking and technical pressured futures following the surge, though the market could still post new highs moving forward, analysts said. Surging cash prices this week […] Read more
The three scour vaccines on the market in Canada are good at getting protection to calves into colostrum for the different common causes of scours.
Cattleman’s Corner, Cow-Calf

How to avoid scours getting at your calves

Several factors to hopefully reduce the impact of disease development

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In this day and age, when you have the first case of scours develop, most veterinarians would advise to give electrolytes to counter dehydration, other ancillary treatments such as NSAIDs (anti-inflammatory medications) and if necessary, antibiotics. If a second case arises it’s a good idea to get it diagnosed to know exactly what you’re dealing […] Read more
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hit another record high

Cattle producers seen playing hard ball; hogs touch contract lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a record high for the third consecutive session on Thursday as producers held out for higher prices from meatpackers searching for supplies, brokers said. Strong cash prices and tightening supplies have pushed futures above a 2014 record for the front-month contract, after ranchers reduced […] Read more
Once repairs were made, the new bale processor was put to good use.
Cattleman’s Corner, Cow-Calf

Calving season begins

Eppich News: A new (to us) bale processor repaired and put to good use

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We brought our cows into the corral for calving Feb. 20. It was quite cold then with temperatures ranging from -22 to -30 C before the wind chill. Due to the cold, we had to keep a close eye on the corral. Later that week Gregory had the opportunity to turn our old bale processor […] Read more
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle hit record high as packers scramble for supplies

Chicago lean hogs continue lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stormed to an all-time high on Wednesday as meatpackers scrambled to buy livestock at a time when supplies are tightening, brokers said. Ranchers have reduced their herds due to high feed costs and drought in the western U.S., forcing packers such as Tyson Foods and […] Read more
CME June 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures continue climbing

Lean hog futures down on day

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Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures continued climbing Tuesday, with most-active June live cattle again reaching a new contract high. CME June live cattle closed Tuesday at 163.95 cents/lb., up 0.25 cent on the day, while lightly-traded front-month April also closed at a new contract high of 172.3 cents, up 0.925 […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Demand surges for grass cattle

Barley, corn expected to be cheaper next fall

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Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Certain auction markets did not have sales due to the shortened holiday week. Adverse weather also shuttered some sales on Wednesday and Thursday in the eastern Prairie region. Southern Alberta feedlots are contending with poor pen conditions which may […] Read more
The western Canadian feeder market has been trading near historical highs.
Beef Cattle, Cattleman’s Corner, Markets

Beef demand makes seasonal highs

Market Update with Jerry Klassen: Consumer spending may decline if interest rates continue to increase

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During the week ending March 18, Alberta packers were buying fed cattle on a live basis at an average price of $205/cwt delivered, up $9/cwt from mid-February. In the U.S., live cattle were trading in the range of US$164-US$165/cwt, up US$4/cwt from 30 days earlier. Beef demand typically makes a seasonal high in the latter […] Read more

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