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Beef cattle

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
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong cash trade

Nearby hogs lower despite cash strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Weaker Canadian dollar supports feeder market

Weather optimal for bringing in fresh replacements

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Compared to last week, western Canadian yearlings traded steady to $2 higher on average while calves traded $2 higher to $4 lower. The calf market was hard to define due to limited numbers while larger supplies of yearlings were on offer in Manitoba this past week. Alberta packers were buying fed cattle on a dressed […] Read more
Pacific Ocean sea surface temperature anomalies (in degrees Celsius) for the week centred on Sept. 14, 2022. (CPC.ncep.noaa.gov)
General, Weather

La Nina set to continue for third year

Other weather patterns may override temporarily

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MarketsFarm — With fall soon upon North America, there’s nothing overly unusual with the continuation of La Nina, according to Drew Lerner, president of World Weather Inc. at Overland Park, Kansas. Going into its third year, some people might think this is the third consecutive La Nina — but Lerner said it’s the same one, […] Read more
CME October 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 mixed

Tight supplies underpin futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed to firmer on Monday, supported by diminished supplies of market-ready cattle that should be reflected in the U.S. Agriculture Department’s monthly Cattle on Feed report, due Friday. “It’s been a slow climb, but it’s also predicated on very large demand,” said Dennis Smith, […] Read more

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