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CME December 2023 lean hogs with 10-, 20- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally, export sales in focus

Cattle futures turn lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures break losing streak

CME cattle futures close firm

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed firm on Wednesday, snapping a three session losing streak as traders said that the U.S. government’s most recent bearish supply forecast had been priced into the market. Cattle futures were consolidating after posting sharp declines a day earlier, but both feeders and live cattle […] Read more
CME December 2023 live cattle with 20-, 40- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures drop on technical selling

U.S. supply outlook drags on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent […] Read more
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feeder market falters at record highs

Risk premiums in market seen eroding

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Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally, […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs extend selloff on supply view

Cattle futures book gains

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the […] Read more
CME December 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs limit down on USDA report

Chicago cattle also end lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled by the daily trading limit on Friday under pressure from stronger-than-expected productivity in U.S. herds, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended on Thursday, surprised analysts by reporting the average pigs saved per litter reached 11.61 […] Read more
It is important to crunch the numbers to determine if backgrounding pays. This may not be the year.
Beef Cattle, Cattleman’s Corner, Columns

Economics of backgrounding didn’t pencil out

With high feed costs, this example of adding 300 pounds over winter was a losing proposition

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Years ago, I took one of my first beef marketing courses from a professor who wore a clean white lab coat to class. There was nothing wrong with that, but his previous class was a red meat-cutting class. One of the first thing he taught us is how to determine background-feeding profit. If its expenses […] Read more
File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)
Barley, Crops, Markets

Feed weekly outlook: Barley bids near bottom post-harvest

Feed corn values narrowing against barley

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MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] Read more
CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs to face bigger-than-expected herd

CME cattle futures turn higher

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to a one-week high on Thursday but face pressure from a U.S. government report that showed a larger-than-expected domestic herd, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended, said the inventory of all hogs and pigs on […] Read more
CME November 2023 feeder cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle slump to lowest in over a month

December live cattle down, hogs up

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Chicago | Reuters — Feeder cattle futures slid to their lowest level in more than a month at the Chicago Mercantile Exchange on Wednesday, while live cattle futures neared a two-week low. Fund liquidation and technical selling pushed down prices, brokers said. Some market participants booked profits before the end of the month and quarter, […] Read more

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