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Beef cattle

(Dallasgolden/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

Fifth-generation cattle rancher aims to build biggest U.S. beef plant

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Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more
CME August 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures fall as corn prices rise

Supply outlook also a concern

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday, pressured by ample supplies and concerns about feed costs due to high corn prices, traders said. Hog futures were also weak. U.S. beef processors on Monday slaughtered an estimated 125,000 cattle, up from 117,000 a year ago, the U.S. Department of Agriculture […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, feeder cattle touch three-week highs

July lean hogs close lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a three-week high in the most-active contract on Friday before ending lower amid pre-weekend profit-taking, analysts said. Feeder cattle futures also exceeded a three-week high, while lean hog futures came under pressure at the CME. Strong demand for cattle from meatpackers and a decline […] Read more
Lisa Thompson. (LisathompsonMPP.ca)
General

Ontario ag minister returns in another Tory majority

Lisa Thompson retains seat in election

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Ontario’s governing Progressive Conservatives will head back to the legislature with their incumbent agriculture minister at the caucus table. Lisa Thompson, Premier Doug Ford’s minister of agriculture, food and rural affairs since June last year, easily held her southwestern riding of Huron-Bruce in Thursday’s provincial election by a spread of 15,594 votes over Liberal challenger […] Read more
CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong demand

Lean hogs mixed near unchanged

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Chicago | Reuters — Chicago Mercantile Exchange Group live cattle futures firmed on Thursday, supported by steady cash prices across the U.S. Plains, as well as strength in consumer beef demand, despite inflationary forces, analysts said. “The feeling two, three weeks ago was that beef demand wasn’t that good and was going to really start […] Read more
(Creativex/iStock/Getty Images)
General, Weather

Environment Canada sees cool summer for Manitoba

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MarketsFarm — Manitoba and eastern Saskatchewan could be in for a cooler-than-normal summer, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Tuesday, calls for a 40 to 80 per cent chance of below normal temperatures from June through August across all of the agricultural regions […] Read more
CME July 2022 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog index (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs firm on summer demand, tight supplies

Lower corn futures support feeder cattle

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures firmed on Wednesday, supported by strong demand that has pushed cash prices higher. “We’re still looking at tighter supplies in front of us,” said Rich Nelson, chief strategist at Allendale Inc. Pork demand firms during the summer, with U.S. grilling holidays such as Father’s […] Read more
CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines) and CME lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall despite strong demand

Markets see 'a risk-off day'

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Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures fell on Tuesday, amid outside pressure from agricultural markets, despite strength from strong slaughter and cash hog prices. “We just had a risk-off day,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “Cash trade kicked up and is trading above the board.” The CME’s […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Steady demand supports feeder cattle prices

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Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Weakness in deferred live cattle futures and uncertainty in the feed grain market tempered the upside for all weight categories of replacement cattle. Alberta packers were buying fed cattle on a dressed basis in the range of $288-$290 delivered, steady to $2 lower […] Read more

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