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Beef cattle

CME December 2021 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 falls as cash market idles

Lower cash, pork prices drag on lean hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 cents at 128.325 cents/lb. January feeder cattle futures eased 2.675 cents to end at 157.325 cents/lb. For the week, live cattle futures lost 2.35 cents, […] Read more
Sea surface temperature anomalies over the Pacific Ocean in degrees Celsius for the week centred on Oct. 13, 2021. (CPC.ncep.noaa.gov)
General, Weather

Another La Nina winter predicted

Polar vortex to chill Prairies, more snow further east, AccuWeather says

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Data compiled by a U.S. federal weather forecasting agency show La Nina conditions have developed over the central Pacific Ocean and are likely to linger through February. And La Nina, in turn, is expected to produce hard cold snaps over the Prairies, above-normal precipitation over southern British Columbia and relatively mild temperatures with more snow […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
General, Markets, Reuters

Canada to wind down broad-based COVID aid programs

Feds opt for targeted measures as economy recovers

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Ottawa | Reuters — Canada will not extend existing broad-based COVID-19 support programs for companies and individuals when they expire on Saturday because the economy is recovering well, Finance Minister Chrystia Freeland said on Thursday. Instead, Ottawa will introduce more targeted and less costly measures for hard-hit sectors such as the tourism industry. The new […] Read more
CME December 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and CME Lean Hog Index (dark red dotted line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs fall on sluggish export sales

Weaker exports drag on cattle also

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third session on Thursday, pressured by weak export activity, traders said. CME December lean hog futures settled down 2.825 cents at 73.2 cents/lb., its biggest drop since Sept. 10 (all figures US$). CME February hogs ended down 2.55 cents at 76.675 cents/lb. […] Read more
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs down on technical selling, export worries

Chicago cattle futures up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday on technical selling and fears that falling Chinese hog prices point to slowing export demand for U.S. pork, traders said. CME December lean hog futures settled down 1.375 cents at 76.025 cents/lb., after dipping to 75.925 cents and filling a gap on […] Read more
Dry distillers grain is not an exotic feed ingredient, but at the moment a relatively economic source of protein that works well in beef rations.
Cattleman’s Corner, Livestock

Dried distillers’ grains a viable feed option

DDGS is high in nutrients and pencils out well in a ration

By
Corn-dried distillers’ grains solubles (DDGS) have drawn a lot of attention among beef producers in Western Canada this year. That’s because a lack of good-quality forages caused by one of the worst droughts in years as well as high grain/protein-concentrate prices have created an easy choice for feeding this nutritious supplement to cattle. And it […] Read more
Feedlot placements were up in mid 2021 meaning more cattle will be going to market in the fourth quarter of this year. Cow-calf producers are urged to hold onto their calves until at least December and even early 2022.
Cattleman’s Corner, Livestock, Markets

Try to hold calves until early 2022

Market Update: After burdensome supplies to end this year, demand and prices expected to rebound

By
Alberta packers were buying fed cattle in the range of $157-$158 during the latter half of September; this is up $3 to $4 from late-August values of $153 to $154. The fed cattle market is in a precarious situation. Beef demand tends to improve in the fourth quarter, however, fed cattle supplies from October through […] Read more
CME December 2021 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 down on technical selling, uncertain demand

Pork export concerns drag on hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower for a second straight session on Tuesday, retreating from early strength on technical selling and uncertainty about consumer demand for meat, traders said. CME December live cattle futures settled 0.4 cent lower at 130.025 cents/lb., turning down after meeting technical resistance at its […] Read more
(Dave Bedard photo)
Crops, Machinery, Reuters, Weather

White House not ruling out a U.S. carbon tax

Option 'not off the table' despite Manchin comment

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Washington | Reuters –– The White House on Tuesday said it has not ruled out a carbon tax as a possible option for fighting climate change, even though U.S. Senator Joe Manchin, a critical holdout in the closely divided Senate, said he was not discussing the topic in talks about U.S. spending and infrastructure bills. […] Read more

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