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Beef cattle

CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures up, cattle placements drop

Lean hogs lower as weather curbs processing

By ,
Chicago | Reuters — CME live cattle futures firmed on Friday, as traders anticipated lower November feedlot placements in the U.S. Agriculture Department’s monthly Cattle on Feed report, released after the market close. USDA reported feedlot placements in November fell two per cent from a year ago. Analysts predicted a 4.2 per cent drop in […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: February live cattle lower on slaughter delays

Winter weather caps gains in hog futures

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Chicago | Reuters — CME live cattle futures eased on Thursday, as harsh cold conditions delayed slaughter operations, analysts said. Summer month futures climbed to contract highs as traders anticipate lower cattle supplies, possibly exacerbated by icy conditions. “We’re seeing those prices in April push through the roof. We now have a December that’s bitter […] Read more
Justine Hendricks, shown here in a 2019 video, is the new CEO of Farm Credit Canada. (Elevate International video screengrab video via YouTube)
General, Markets

EDC executive to lead Farm Credit Canada

Justine Hendricks to replace retiring Michael Hoffort

By ,
Canada’s federal farm lender is importing its next chief executive from Export Development Canada. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced the appointment of Justine Hendricks, EDC’s senior vice-president and chief corporate sustainability officer since 2019, as FCC’s new CEO effective Jan. 30, 2023. As CEO, Hendricks replaces Michael Hoffort, an FCC staffer since […] Read more
CME February 2023 lean hogs with 20- and 100-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on demand expectations

Live cattle follow retail beef prices higher

By ,
Chicago | Reuters — CME lean hog futures lifted on Wednesday, jumping to two-week highs on expectations that demand for market-ready hogs will perk up in the coming weeks, analysts said. “There seems to be a lot of optimism in buying for after the first of the year,” said Matthew Wiegand, Risk Management Consultant at […] Read more
How does your farm stack up?
Cattleman’s Corner, Livestock

How does your farm stack up?

Canfax research project provides the industry with benchmark figures

By
Larger beef operations running smaller-framed mature cows tend to be the most profitable combination, according to cost of production (COP) information collected by Canfax Research Services. That’s not an absolute statement. COP information from producers across the country over the past couple of years shows that some smaller operators with various-sized animals can be profitable […] Read more
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs ease on weaker pork cutout

Cattle futures down with slaughter pace

By ,
Chicago | Reuters — CME Group lean hog futures fell on Tuesday, pressured by falling pork prices, analysts said. “The product markets are so weak, I think it’s keeping the nearby under pressure,” said Altin Kalo, economist at Steiner Consulting Group. Carcass cutout values dropped $1.47, to $83.46 per hundredweight (cwt), according to the U.S. […] Read more
Klassen: USDA lowers beef production estimates for 2023
Cattleman’s Corner, Markets

Klassen: USDA lowers beef production estimates for 2023

Three months needed to clean up the backlog in Canadian feedlots

By
During the third week of November, Alberta packers were buying fed cattle on a dressed basis in the range of $303-$305/cwt f.o.b. the plant for late December delivery. Live prices in Alberta were quoted at $178-$180 f.o.b. the feedlot. Feedlots in Alberta and Saskatchewan are backed up with market-ready supplies of fed cattle. Carcass weights […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market ends 2022 on firm tone

Trade expecting bullish numbers from USDA

By
Compared to last week, western Canadian calves were trading $4 to as much as $8 higher. Adverse weather did not influence the market this week. There appeared to be a surge in demand across all weight categories. Higher quality or pre-conditioned vaccinated, weaned, lower flesh calves in the 600–700-pound category were up as much as […] Read more
(Photo courtesy Canada Beef Inc.)
General, Weather

Feds open up consultations for sustainable ag strategy

Producer groups to have reps on advisory committee

By ,
The federal government has enlisted farm groups on the ground floor of consultations toward development of a long-term strategy to “amplify” the adoption and use of sustainable practices in agriculture over the next year. Agriculture Minister Marie-Claude Bibeau on Dec. 12 announced the launch of public consultations on strategy development, running from now through March […] Read more

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