(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Prices, shipments steady as dryness continues

Drought 'priced into the market already'

MarketsFarm — Demand for feed grains at Alberta feedlots continues unabated as more corn from the United States makes its way into the province. “Demand at feedlots has been status quo. Feedlots are buying imported U.S. corn and DDGS. Along with that, there is also barley and feed wheat. They are getting enough supplies right […] Read more

CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle fall on technical selling

Wholesale pork prices lift hogs

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Wednesday on chart-based selling and expectations of a seasonal slowdown in beef demand in the coming weeks, traders said. CME benchmark August live cattle futures settled down 2.95 cents at 170.975 cents/lb., with technical selling accelerating as the contract dropped below […] Read more


CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle end up as beef prices rise

Chicago lean hog futures end mixed

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday, rallying from early declines, as strong beef prices and tight cattle supplies buoyed futures, traders said. CME August live cattle futures settled up 0.725 cent at 173.925 cents/lb. (all figures US$). August feeder cattle finished up 1.4 cents at […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle under 500 lbs. jump over $400

U.S. beef output expected down in 2024

Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more


CME August 2023 lean hogs with 20-day moving average and CME cash lean hog index (brown line). (Barchart)

U.S. livestock: CME lean hogs extend climb on bargain-buying

Cash prices support cattle futures

Chicago | Reuters — Benchmark lean hog futures on the Chicago Mercantile Exchange set a one-month high on Monday on short-covering and bargain-buying as the July contract extended its rebound from life-of-contract lows set in late May, traders said. CME July lean hogs settled up 1.975 cents at 91.6 cents/lb. after reaching 93.125 cents, the […] Read more

CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs touch one-month high

August live cattle lower, feeders up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for […] Read more


CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle down second day in a row

Chicago lean hogs close firm

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell Thursday on a wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday. Hog futures closed firm but remained below recent peaks. Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents/lb. (all figures US$). […] Read more

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)

Feed weekly outlook: Market in a waiting game

U.S. corn, available wheat keep market supplied

MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. […] Read more


CME August 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle weaken off new contract highs

Lean hogs down off highest since mid-May

Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95 […] Read more

CME August 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle rally to contract highs

July lean hogs also higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active grilling holidays such as Father’s […] Read more