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Beef cattle

CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle end up off six-session skid

Hogs up but still rangebound

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher Wednesday on short-covering after a six-session decline and expectations of firming cash cattle prices, traders said. However, the rally was capped by falling wholesale beef prices, with the U.S. grilling season poised to wind down after Monday’s Labour Day holiday. CME October live […] Read more
A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)
Beef Cattle, Livestock, Reuters

Brazil’s ag ministry investigating suspected BSE case

Evidence suggests 'atypical' BSE, source says

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Sao Paulo | Reuters — Brazil’s agriculture ministry said Wednesday it was investigating a suspected case of bovine spongiform encephalopathy (BSE) in the country, according to a statement. An industry source told Reuters, on condition of anonymity, that the suspected case occurred in the southeastern state of Minas Gerais. The ministry said such investigations are […] Read more
File photo of a roundworm larva. (Dotana/iStock/Getty Images)
Livestock

Health Canada warns people not to take livestock dewormers

No evidence that drug is effective against COVID-19

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“Concerning reports” of people in Canada seeking out veterinary-grade dewormers for personal use have led Health Canada to formally advise against doing so. News reports in Western Canada in the past week have described increased demand from non-farming consumers for veterinary-grade ivermectin, whether at livestock supply retailers or online. While ivermectin is an antiparasitic drug […] Read more
Nova Scotia Agriculture Minister Greg Morrow. (PCPartyNS.ca)
Crops

Rookie Nova Scotia MLA named agriculture minister

Greg Morrow sworn in Tuesday

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A radio news director from eastern Nova Scotia has been tapped as the provincial agriculture minister for incoming Premier Tim Houston’s Progressive Conservatives. Greg Morrow, the new MLA for Guysborough-Tracadie, was sworn in Tuesday along with the other members of Houston’s 19-member cabinet. Houston’s Tories ousted Iain Rankin’s Liberal government in the Aug. 17 provincial […] 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 fall to lowest in three weeks

Hogs down off Monday's climb

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest prices in more than three weeks on Tuesday as boxed beef prices continued to weaken amid expectations for reduced demand, analysts said. Lean hog futures also declined as traders adjusted positions on the last day of the month and ahead of […] Read more
File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

Argentina extends beef export cap, stoking farm tensions

Move seen as 'giving markets to other countries'

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Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger live cattle futures lift yearling market

Recent rains rejuvenate Prairie pastures

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Compared to last week, western Canadian yearling prices were quoted $3 to as much as $6 higher; calf markets once again traded $3-$5 on either side of unchanged depending on the region. Unbridled buying interest was noted on larger groups of high-quality yearlings. Despite the grass conditions this summer, cattle characteristics are rated above average […] Read more
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 follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for […] Read more
CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and lean hog cash index (blue line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs rise, narrowing discount to cash market

Technical selling drags on live cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Friday, led by the nearby October contract, in a technical and bargain-buying rally that narrowed the market’s sizeable discount to the exchange’s lean hog index, traders said. Actively traded October futures scaled to a 3-1/2 week peak and closed near its session high, […] Read more
Feed grain prices expected to remain high
Cattleman’s Corner, Livestock, Markets

Feed grain prices expected to remain high

Market Update with Jerry Klassen: More likely to find better calf market closer to year-end

By
There are always a lot of factors affecting the North American beef market, but this month’s take-home message is to look for the fed cattle market in Alberta to reach seasonal highs during November. We could see Alberta fed cattle prices reach up to $165 delivered. Yearling prices are expected to increase $5 to $8 […] Read more

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