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Beef cattle

Marie-Claude Bibeau, Dave Epp, Yves Perron and Alistair MacGregor laid out their parties’ positions in an agriculture leaders’ debate on Sept. 9, 2021. (Video screengrab from Canadian Federation of Agriculture via YouTube)
General

Federal support for farmers focus of ag leaders’ debate

AgriStability, carbon levy exemptions, supply management among topics

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An agricultural debate ahead of the federal election gave representatives from political parties an opportunity to pitch their ideas to producers, resulting in debate over how best to support farmers. Thursday evening’s debate, hosted by the Canadian Federation of Agriculture, had plenty of discussion about climate change and how best to support producers in a […] Read more
CME October 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog cash index (blue line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures fall as pork demand softens

CME cattle down despite firmer cash trade

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Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the sixth consecutive day on Friday, pressured by lower pork demand coinciding with larger hog supplies, analysts said. The hog market also felt the effects of investment funds liquidating long positions, traders said. “We saw a fair amount of weakness. This market has been […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
General, Markets, Reuters, Weather

EU parliament committee approves farm subsidy reforms

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Brussels | Reuters — The European Parliament’s agriculture committee on Thursday approved a deal to overhaul the European Union’s huge farming subsidies, including new measures aimed at making agriculture greener. The committee approved three pieces of legislation, which from 2023 will govern spending from the EU’s Common Agricultural Policy (CAP) — a scheme that will […] Read more
CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs hit lowest in more than six months

Cash market bearish on cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange hog futures fell for the fifth day in a row on Thursday, with the front-month contract hitting its lowest since March 2 on a continuous basis. The hog market was under pressure from long liquidation by investment funds, traders said. Cattle futures were mixed, with live cattle edging […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 100- and 200-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle touch three-month lows

Demand from packers softening

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid to three-month lows on Tuesday, as beef demand slows, leaving cattle producers with ample supply as packer demand softens, traders said. “Packers are bought for a long ways out — have a lot of inventory,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Optimistic fed cattle outlook supports feeder market

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Compared to last week, western Canadian feeder cattle markets traded $2-$4 higher. Strong demand was noted on yearlings, which spilt over into the lighter weight categories. Major feedlot operators in Alberta set the price structure, with aggressive orders flowing across the Prairies. Some operators have been holding back on purchases due to higher prices; however, […] Read more
CME October 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 lower as beef prices cool

Lean hogs close mostly lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday, on softening wholesale beef prices and a lack of supportive news, traders said. CME October live cattle settled down 1.525 cents at 126.05 cents/lb. after hitting 125.875, near the contract’s 100-day moving average and its lowest price since Aug. 6 (all figures […] Read more
A corn crop near London, Ont. in July 2021. Relatively good yields down east may lead to more Prairie livestock feeders “jumping on the corn bandwagon.” (Farmtario photo by John Greig)
Barley, Crops, Markets

Feed weekly outlook: Crop estimates show severity of drought

'Corn bandwagon' filling up

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MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are […] Read more

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