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Beef cattle

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs limit-down off highest in nearly seven years

Follow-through selling drags on live cattle

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Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short […] Read more
(Viktorcvetkovic/E+/Getty Images)
General, Machinery

On-farm cybersecurity campaign gets backing

Glacier FarmMedia to link up with federally-funded project

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A campaign to assess, reinforce and promote cybersecurity across Canada’s ag sector — partly through this website and its sister publications and events — has been tapped to receive multi-year federal funding. Public Safety Minister Bill Blair on March 25 announced over $500,000 over four years through the federal Cyber Security Co-operation Program for the […] Read more
Prairies hit hard by drought
Crops, Weather

Prairies hit hard by drought

Parts of south-central, southwestern Manitoba among driest

By
MarketsFarm — A new nationwide drought map released by Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows just how dry conditions are in the Prairies, especially in Manitoba and Saskatchewan. Areas in southern Manitoba and southern Saskatchewan have experienced at least six months of drought conditions, according to CDM’s drought assessment as of March […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle ease after week of rising cash cattle, beef prices

Lean hog futures continue higher

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Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange eased on Friday, as basis between cash cattle and futures narrowed, analysts said. “We had some profit taking, because the cash market finally surged higher,” said Cassie Fish, analyst and author at the blog, The Beef. Cash cattle traded as high as […] Read more
Mixing it up — benefits of crossbred bulls
Cattleman’s Corner, Livestock

Mixing it up — benefits of crossbred bulls

Hybrid bulls are a good way to achieve several improved performance parameters

By
It’s common knowledge that crossbreeding produces heterosis — the hybrid vigour with qualities superior to those of both parents. Crossbreeding is often reserved for females in the herd, but more producers are looking at the males to identify potential benefits and profit opportunities. Breeding sires not fitting the purebred slot are considered hybrids or composites. […] Read more
Percentage of average precipitation in Western Canada for the 90 days ending April 5, 2021. (Agriculture and Agri-Food Canada map)
Crops, Forages, Weather

Manitoba forage, grassland growers burned by drought

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MarketsFarm — An ongoing lack of precipitation, which is showing no signs of letting up in the coming months according to weather forecasts, is already causing problems for Manitoba’s forage and grasslands. Growers in the province have had to deal with three straight years with lower-than-normal precipitation. In 2019, multiple rural municipalities in Manitoba’s Parkland […] Read more
CME June 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink, red lines) and CME lean hog index (purple line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs strengthen on strong demand, firm exports

Live cattle down despite beef, cash strength

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Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange climbed higher on Thursday as tight supply and firm export demand offered support, analysts said. “A lot of that has to do with COVID and the pent-up demand we have, with more things opening up,” said Joe Kooima, commodity broker at Kooima […] Read more
The backlog of market-ready cattle should be cleaned up by late April.
Cattleman’s Corner, Livestock, Markets

Consumer beef demand will increase by late fall

Market Update with Jerry Klassen: Overall market fundamentals appear to be improving

By
In mid-March, Alberta packers were buying fed cattle in the range of $148 to $149 FOB the feedlot, which was down $2 to $3 from the February average. The fed cattle market appears to be in a transition stage. Fed cattle and beef supplies will tighten in the last half of the year. Beef demand […] Read more

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