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Beef cattle

(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices slip during quiet January

Shortages of trucks, drivers still trouble cattle sector

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MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — […] Read more
CME April 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures sag as pork prices hover near two-year lows

Live cattle mixed, March feeder cattle up

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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
CME March 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures sag on long liquidation, rising grains

Hogs end mixed as traders' net long position shrinks

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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
A submerged and abandoned car is seen in floodwaters near a vineyard after winter storms at Forestville, California on Jan. 13, 2023. (Photo: Reuters/Fred Greaves)
General, Reuters, Weather

California rainstorms fade as death toll reaches 20

Drought to remain an issue for much of state

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Reuters — The parade of atmospheric rivers that pounded California for three weeks finally faded on Monday, enabling the state to begin lengthy repairs to roads and levees as the White House announced U.S. President Joe Biden planned to survey the damage. The nine consecutive rainstorms that inundated California in succession since Dec. 26 killed […] Read more
(PBouman/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market price discovery continues

Ontario buying interest leading Prairie market

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In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end firm on tight supplies, lower weights

Hogs mixed on weak cash prices, higher cutout

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firm on Friday, underpinned by tight supplies and as harsh winter weather in recent weeks lowered cattle slaughter weights and limited beef production, traders said. Live cattle futures prices remained bound in a recent trading range as cash cattle prices at Plains feedlot […] Read more
On one of the warmer days (above freezing) it was an opportunity to vaccinate the bred heifers with the first scour vaccine so they could have a booster shot before calving. Charlie and Dani ran the head catch and the tailgate and squeeze.
Cattleman’s Corner, Rancher’s Diary

Winter conditions made it difficult to travel

Snow and cold weather for trips to buy bulls and pick up a mini excavator

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November 26 Last Thursday morning it was snowing hard. Michael called to tell us he was worried about Andrea and me trying to take our trailer to the bull sale Montana the next day. We’d have to chain up the truck and trailer to make it over two of the passes. We realized another problem […] Read more
File photo of Rabobank’s office building in Utrecht. (Rabobank.com)
General

Rabobank to offer Canadian farm-level lending

Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies

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Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The Canadian arm of Rabobank — an Amsterdam-based farmer co-operative lender, providing banking, leasing and real estate services in more than 38 countries — announced Tuesday […] Read more
Flooding from the Salinas River forces the closure of a road at Salinas, California on Jan. 12, 2023. (Photo: Reuters/Nathan Frandino)
Crops, Reuters, Weather

California picks up debris from latest storm, braces for next

Also: Why all this rain won't end California's drought

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Sacramento | Reuters — Rain-soaked Californians took advantage of a break in a weeks-long deluge to haul away dead trees, restore downed power lines and prepare new stacks of sandbags before another series of storms hits the state beginning Friday. In Monterey County along the state’s central coast, communities near the still-rising Salinas River were […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs end mixed, cattle mostly lower

Corn's rally put pressure on feeder cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mixed on Thursday, with actively traded nearby months down on weak pork prices and dull demand, while deferred contracts rose on expectations for tighter supplies in coming months, traders said. The February hog contract was down for the 10th time in 11 sessions and […] Read more

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