For the week ending June 1, Western Canadian feeder cattle markets were relatively unchanged compared to the previous week. It’s that time of year when volumes are limited and the market can be quite variable from region to region.
Feeders
Klassen: Feeder market hard to define on smaller volumes
U.S. livestock: Lean hog futures fall after Mexican election
Chicago Mercantile Exchange (CME) lean hog futures ticked down on Monday as the Mexican peso fell, making it more expensive for Mexican importers to purchase U.S. pork.
U.S. livestock: Cattle futures continue slump amid demand questions
Chicago Mercantile Exchange (CME) cattle futures turned lower for a third session on Friday, as technical trading at one point sent the most-active August live cattle LCQ24 contract dipping to a two-week low.
Strike possibility looms at Calgary Cargill plant
June vote will determine if Calgary Cargill workers will echo Cargill Guelph work stoppage
Nearly 1,000 workers at Cargill’s beef processing plant in Guelph were on strike at the end of May, and there’s a possibility that workers at the Cargill Case Ready plant in Calgary could also hit the picket lines.
U.S. livestock: Cattle turn lower as China allows some Russian beef imports
Chicago Mercantile Exchange (CME) cattle futures turned lower for a second trading session on Thursday, even as the tight U.S. cattle supply and strength in the beef cutout values offered support, analysts said.
Lower feedlot placements support cattle market
Cow-calf producers should think about selling calves in late summer versus fall
During the last week of April, Alberta packers were buying fed cattle on a live basis in the range of $256-$258 per hundredweight delivered, up $18/cwt from three weeks earlier. Alberta fed cattle basis levels have strengthened as market-ready supplies tighten. In Kansas and Texas, live sales, f.o.b. feedlot, were reported at US$182/cwt, down US$3/cwt […] Read more
JBS says China blocks beef from US plant over detection of ractopamine
Processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company's plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.
Meat industry calls on federal gov to ease foreign worker limits
Meat industry groups are asking the federal government to reinstate a program that expanded industry hiring limits for temporary foreign workers (TFWs) and lengthened the validity of paperwork needed for hiring, citing work shortages and impact on food prices.
U.S. livestock: Cattle futures turn higher on packer buying expectations
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday on technical trading and market anticipation that packers increase buying on a shortened holiday week, analysts said.
Klassen: Demand for grass cattle pushes feeder market higher
In the week ending May 25, Western Canadian feeder cattle markets were trading $4 to $8 higher compared to seven days earlier. Some higher quality genetic packages of 700-pound plus cattle were up as much as $10 from week-ago levels.
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