Chicago Mercantile Exchange lean hog futures hit contract highs for a third day in a row on Wednesday as U.S. supplies continued to be tighter than expected, analysts said.
Feeders
U.S. livestock: Hogs hit new contract highs on smaller than expected US slaughter
Fed market reflects beginning signs of herd expansion
The Markets: Beef cow numbers are still expected to decline in 2024 and 2025
Western Canadian feeder cattle prices have been trading near historical highs throughout the summer and early fall period. At the time of writing this article, larger-frame Angus steers off grass averaging 950 lbs. were trading around $320/cwt in central Alberta. Steers averaging 500 lbs. were quoted between $450/cwt and $500/cwt, depending on weaning stage and […] Read more
Klassen: Western Canadian calf market surges
For the week ending 26, Western Canadian calf markets were up $8-$12/cwt on average compared to seven days earlier. Pee-wee calves were up $20-$25/cwt compared to the prior week. Finishing feedlot operators were active buyers in all weight categories while backgrounders were cleaning up on smaller packages of calves under 550 pounds.
U.S. livestock: Cattle futures climb on fund buying, strong beef demand
Chicago Mercantile Exchange live and feeder cattle futures rose on Monday on fund buying and strong demand for beef, even as the red meat has become more expensive to consumers, said analysts.
U.S. livestock: Cattle futures fall on positioning before USDA data release
Chicago Mercantile Exchange live cattle futures dipped slightly on Friday, while feeder cattle and lean hogs ticked up as traders squared positions prior to the release of the U.S. Department of Agriculture's Cattle on Feed report, after a choppy week of trading, analysts said.
Corn in western Canadian feedlot diets
The production risk still must be bred out of Prairie-grown corn before it can reach its full potential in feedlots
Corn acreage is expanding across Canada. There are about 25 acres of corn for every acre of barley in Ontario and Quebec, where temperatures, day length and moisture allow predictable corn yields and feed quality. There are around eight acres of barley for every acre of corn in the Prairies, although ambitious breeding efforts are […] Read more
U.S. livestock: Cattle futures fall on technical trade, E. coli outbreak concerns
Chicago Mercantile Exchange cattle futures turned lower on Wednesday, amid a flurry of technical selling and uncertainty whether consumer demand for beef would chill after an E. coli outbreak was linked to McDonald's Quarter Pounder burgers, traders said.
U.S. livestock: Cattle futures up on strong demand
Chicago Mercantile Exchange cattle futures rose on Tuesday on signs of increased demand from U.S. consumers and exporters, analysts said.
Klassen: Canadian feeder markets trades premium to U.S. values
For the week ending October 19, Western Canadian yearling markets traded $3 to $5 on either side of unchanged compared to seven days earlier. Calf prices were $5 to as much as $10 higher. Strength in the deferred live cattle futures along with the weaker Canadian dollar has resulted in positive margins on incoming calves. Therefore, the calf market has developed a floor price.
U.S. livestock: Cattle futures pull back as rally fades
Chicago Mercantile Exchange cattle futures pulled back from the previous week's rally on Monday as traders positioned ahead of Friday's U.S. Department of Agriculture Cattle on Feed report, analysts said.
Cyber-Savvy Farmer
