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CME December 2022 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise on robust beef, pork demand

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Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
While feedlot placements are up in the U.S. the opposite is happening in Western Canada with feedlot placements dropping sharply below year-ago levels through the summer period.
Cattleman’s Corner, Livestock

Cattle market digesting many variables

Large Prairie barley crop in 2022, but big shipments of feed to China

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As of the third week of September, Alberta packers were buying fed cattle on a live basis in the range of $180-$183/cwt delivered. Alberta finished cattle prices were rather flat throughout September. For March and April of 2023, feedlot operators have been able to forward-contract fed cattle on a dressed basis at $345/cwt delivered which […] 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: Live cattle futures extend gains

Chicago hog futures weak

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Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise on cash market strength

November feeder cattle also end higher

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Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day […] Read more
Backgrounding feeding programs are often tailor-made to each beef producer’s situation. The rate of gain can be achieved over short-45 day, medium-90 day and longer-kept 120-day feeding programs.
Cattleman’s Corner, Livestock

Pencil out the economics of backgrounding

Working through a "what-if" scenario helps in deciding whether to feed

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As most of the leaves have fallen, many spring calves are being weaned. It’s also when many beef producers determine whether their weaned calves are immediately sold or held for further feeding. Regardless of the final choice, backgrounding calves takes a bit of homework and should pay off with increased revenue if the goals, the […] Read more
CME December 2022 live cattle (candlesticks) with 40-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures hit over seven-year high

CME lean hogs also close higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose on Tuesday and the front-month contract hit its highest in more than seven years on strength in the cash market, traders said. Hog futures were also firm, with chart-based buying after contracts broke through key technical resistance points on Monday. CME December lean hog […] Read more
File photo of cattle on feed near Champion, Alta., about 75 km north of Lethbridge. (James_Gabbert/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Uncertain fed cattle market weighs on feeder cattle

U.S. feeder demand seen relatively sluggish

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Compared to last week, western Canadian yearlings (900 lbs. and over) appeared to trade $6-$8 lower on average; yearlings weighing 800-900 lbs. off grass were unchanged. Backgrounded yearlings were also $6-$8 lower. Mid-weight calves were unchanged but calves under 600 lbs. were $3 to as much as $10 lower in some cases. Feedlot operators pulled […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 30- and 50-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle, hog futures hit multi-week highs

November feeder cattle end lower

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Chicago | Reuters — Chicago Mercantile Exchange hog and live cattle futures rallied to multi-week highs on Monday. CME December lean hog futures rose 2.7 cents to settle at 84.95 cents/lb. (all figures US$). The contract peaked at 85.1 cents, its highest since Sept. 23, and rose above its 100-day and 200-day moving averages during […] Read more
CME December 2022 lean hogs (candlesticks) with 20-, 30- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures rise on good demand

Cattle futures mostly lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a near three-week high on Friday as strong demand and improved pork packer margins sparked buying ahead of the weekend, traders said. Another solid week of pork export sales added support, soothing concerns about rising supplies of market-ready hogs, they said. “Demand is […] Read more
CME December 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: Cattle, hogs mostly down on weak margins, inflation worries

Beef packer margins in negative territory

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures ended mostly lower on Thursday on eroding meat packer margins and as soaring inflation raises demand concerns, traders said. Technical selling and profit-taking further fueled declines in livestock futures after live cattle and lean hog contracts touched 2-1/2-week highs this week. A U.S. Labor […] Read more

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