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Beef cattle

CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures fall to multi-month lows

Recession fears eat at demand expectations

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
RCMP officers near a building destroyed by Hurricane Fiona at Port aux Basques, N.L. on Sept. 26, 2022. (Photo: Reuters/John Morris)
General, Reuters, Weather

Fiona batters Eastern Canada’s farms, fishery

'You'll hear me swearing in Saskatchewan'

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Winnipeg | Reuters — Powerful storm Fiona slammed into Canada’s eastern fishing and farm industries over the weekend, smashing wharves, food processing plants and barns that will take months to repair. One of the worst storms Canada has ever faced left more than one-third of customers in Nova Scotia without power, swept homes into the […] Read more
Daniel Wuergler, co-owner of the Gallipool Frasses farm, walks among 18,000 Lohmann Classic laying hens at Les Montets, about 45 km northeast of Lausanne, on Sept. 16, 2022. (Photo: Reuters/Denis Balibouse)
Livestock, Reuters

Swiss reject initiative to ban factory farming

Voters back narrowly back rise in women's retirement age to 65

By
Geneva | Reuters — Swiss voters on Sunday rejected a proposal to ban factory farming in a referendum on whether the wealthy country’s strict animal welfare laws need to be tightened yet further. The government’s VoteInfo App showed a provisional result of 62.86 per cent of votes against the proposal, put to a referendum under […] Read more
Wrecked structures float in the water in the aftermath of Hurricane Fiona at Rose Blanche, N.L., about 45 km east of Port aux Basques, on Sept. 25, 2022. (Photo: Reuters/John Morris)
General, Reuters, Weather

Cleanup work begins for Eastern Canada after Fiona

Five provinces assessing damage from 'unprecedented' storm

By
Port aux Basques | Reuters — It will take several months for Canada to restore critical infrastructure after the powerful storm Fiona left an “unprecedented” trail of destruction, officials said on Sunday, as crews fanned out in five provinces to restore power and clean up fallen trees and debris. One 73-year-old woman died during the […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs slide on recession worries

Feeder cattle up on lower corn prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest level since early August on Friday on fears of a global recession that could curb demand for commodities including beef, traders said. CME October live cattle settled down 0.6 cent at 144.25 cents/lb. and the most-active December contract fell 0.8 cent […] Read more
A composite satellite view of Hurricane Fiona nearing Nova Scotia at about 6 p.m. local time on Sept. 23, 2022. (U.S. National Hurricane Center image, NOAA.gov)
General, Reuters, Weather

Fiona pounds Bermuda as Canada braces for major jolt

Up to eight inches of rain expected along path

By
Hamilton, Bermuda/Halifax, N.S. | Reuters — Hurricane Fiona pounded the Atlantic island of Bermuda with heavy rain and winds on Friday as it tracked northward toward Eastern Canada, where it threatens to become one of the most severe storms in Canadian history. Fiona had already battered a series of Caribbean islands earlier in the week, […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs sag on macroeconomic concerns

Economy raises concern for beef demand

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, extending a pull-back from four-month highs set this week as traders worried about the health of the world economy and softening demand for beef, traders said. CME October live cattle ended down 1.025 cents at 144.85 cents/lb. and the most-active December […] Read more
Western Canadian yearling prices have strengthened over the past month.
Beef Cattle, Cattleman’s Corner, Markets

Feeder cattle numbers decline

Market Update with Jerry Klassen: Beef demand remains strong

By
During the last week of August, Alberta packers were buying fed cattle on a live basis in the range of $180-$181/cwt delivered, up $7-$8/cwt from 30 days earlier. U.S. and Canadian beef production has been running above a year ago, and beef demand has exceeded earlier projections. Inflation pressures on both sides of the border […] Read more
CME December 2022 lean hogs (candlesticks, right column) with 20- and 100-day moving averages (brown and black lines) and CME cash lean hog index (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs down on weak pork prices, macroeconomic fears

Chicago cattle also end lower ahead of report

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell nearly two per cent on Wednesday as falling wholesale pork prices and worries about the health of the global economy triggered a round of long liquidation, traders said. CME October lean hogs settled down 1.55 cents at 94.425 cents/lb. and most-active December hogs fell […] Read more
A man stands inside his destroyed house in the rural zone of Cuey, in the aftermath of Hurricane Fiona, in El Seibo in the Dominican Republic on Sept. 20, 2022. (Photo: Reuters/Ricardo Rojas)
General, Reuters, Weather

Atlantic Canada on Hurricane Fiona’s path, broad impact expected

Parts of Nova Scotia more vulnerable to flooding

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Reuters — Hurricane Fiona is headed toward Eastern Canada and is expected to reach its Atlantic region by Friday in what could be a severe weather event as the storm continues to gain strength, Canadian meteorologists said Wednesday. Fiona powered up to a Category 4 storm on Wednesday, packing winds as high as 215 km/h, […] Read more

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