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Beef cattle

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

U.S. livestock: CME live cattle ease on seasonal retail softness

February hogs lower despite export optimism

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange dipped on Wednesday, as easing post-holiday retail demand, combined with strong cash cattle prices, eats into processor profitability. “This week specifically is when we transition to buying for a lower-demand period, post-holidays,” said Rich Nelson, chief strategist at Allendale Inc. “Packer margins are […] Read more
As winter arrived in early November the calves were hauled to a sale in Provost while the keeper heifers and the cows were brought home.
Cattleman’s Corner

A quick trip to the States to visit family

Quite a few chores were accomplished before winter arrived

By
After finishing harvest Oct. 8, we started making plans to travel to Idaho to see family and friends. A couple of days later we dug our potatoes with the help of the neighbours, Leon and Audrey. October 12 we had one of our Eppich Quarter Horse weanlings go to her new home. As soon as […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle market experiences diverse price behaviour

Manitoba calves hold a premium over Sask., Alta.

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Compared to last week, western Canadian yearling markets traded steady to $2 higher while calf prices were unchanged to $4 lower. Yearling supplies are limited and there appeared to be a surge of buying interest for 850-lb. thin-fleshed replacements. Alberta fed cattle basis levels for the second quarter of 2023 have above average and the […] 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 fall on wholesale beef weakness

Feeder cattle, February hogs also lower

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slid on Tuesday, pressured by falling wholesale beef prices. “We had a really disappointing box beef value fall off to start the week yesterday, and a little follow through today,” said Matthew Wiegand, risk management consultant at FuturesOne. Most retailers have completed purchases […] Read more
CME January 2023 feeder cattle (candlesticks, right column) with CBOT March 2023 corn (orange line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle firm as corn inputs slide

Live cattle climb higher in deferred months; February hogs also up

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Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed for the fifth consecutive session, as corn, a significant input for producers, continues to fall, traders said. “The feeders have sort of been hobbled for a long time because of the elevated feed price,” said Dennis Smith, livestock analyst and broker at […] Read more
While the fed cattle market has held value, the feeder market has come under pressure.
Beef Cattle, Cattleman’s Corner, Markets

Prairie feeder outlook bullish in the long term

Market Update with Jerry Klassen: Prices are encouraging many Canadian producers to keep replacement heifers

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During the first half of October, Alberta packers were buying fed cattle on a dressed basis in the range of $300-$305 delivered. Using a 60 per cent grading, this would equate to $180-$183/cwt on a live basis. For March and April delivery, Alberta packers have been forward contracting in the range of $345-$350 cwt on […] Read more
Reg Schellenberg. (Schellenberg family photo via Canadian Cattlemen)
Beef Cattle, Livestock

Canadian Cattle Association president Reg Schellenberg dies

Saskatchewan rancher had led CCA since March

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Updated, Dec. 7 — Western Saskatchewan rancher Reg Schellenberg, who had led the national organization representing Canada’s beef cattle producers since March this year, died suddenly Friday at age 63. The Canadian Cattle Association reported Schellenberg’s death in a release Saturday, adding that the association’s current vice-president, rancher Nathan Phinney of Sackville, N.B., will now […] Read more
CME January 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder, live cattle firm as trade eyes supplies

February lean hogs close higher

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Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed on Friday, supported by lower feed grain costs and resilient live cattle futures, traders said. “The market has held together well, so there’s optimism there. Then you’ve got the grain market down double digits today, and down the day before,” said Altin […] 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 with supplies in focus

Feeder cattle up on supply expectations

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange firmed on Thursday, erasing the week’s earlier losses as smaller supplies of market-ready hogs offset seasonal pressure. “Fundamentally, we know we’re fairly tight on supplies. We’re not getting expansion,” said Alan Brugler, president of Brugler Marketing. The CME February lean hogs contract added […] 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 firm on strong cash trade

Hogs firm after five days' decline

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday, supported by strong cash markets and a steady pace of processing. “Even though there’s a seasonal pullback for the next couple of weeks, it doesn’t look like cash wants to break,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more

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