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Feeders

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Barley, Corn, Crops, Markets

Feed weekly outlook: Dry weather cuts into barley prospects

Canadian buyers already booking new-crop U.S. corn

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MarketsFarm — Dry weather across the Canadian Prairies may be cutting into barley production prospects, keeping domestic feed prices underpinned for the time being despite the likelihood of large corn imports from the United States. Alberta’s barley crop was only rated 43 per cent good to excellent in the latest weekly report, well off the […] Read more
Photo: Canada Beef Inc.
Finishers, Livestock, Markets

Klassen: Feeder market continues climb

Futures spur larger feedlots to lock in ownership

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Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME August live cattle touch new high

Hogs lower as China books higher pork output

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle turn higher

Chicago lean hog futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Friday amid a flurry of technical trading, even as beef prices continued to see a seasonal downturn, traders said. Cash cattle market trades this week continued to be down $2-$3 per hundredweight (cwt), traders said (all figures US$). The U.S. Department of […] Read more
Cattle prices encouraging herd expansion
Beef Cattle, Cattleman’s Corner, Markets

Cattle prices encouraging herd expansion

Market Update: Consumer spending on beef has been strong, but will it continue?

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During the third week of June, Alberta packers were buying fed cattle on a dressed basis at $415/cwt delivered. Prices f.o.b the feedlot in southern Alberta were averaging $246/cwt. The U.S cattle herd has been contracting for the past four years. Cattle prices are now functioning to encourage expansion. Wholesale beef prices are also trading […] Read more
This file photo shows a rack of blood samples being tested for bovine tuberculosis in New Zealand dairy cattle. (Lakeview_Images/iStock/Getty Images)
Beef Cattle, Livestock

More bovine TB cases found in Saskatchewan herd

Herd now depopulated, one separate contact herd identified

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Corrected, July 14 — Postmortem testing of a Saskatchewan cattle herd culled after turning up three confirmed cases of bovine tuberculosis (TB) has yielded six more cases. The Canadian Food Inspection Agency (CFIA), which is tasked with testing the infected herd, said Thursday that as of July 12, a total of eight cases of bovine […] Read more
Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)
Barley, Crops, Markets

Feed weekly outlook: Dryness helps push up grain prices

Market seen shifting between 'no need' and 'giant need'

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MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been coming up slightly,” Leclerc said […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures gain as pork prices rise

Cattle futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle down off contract highs on profit-taking

Hogs also down off early strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more
File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)
Beef Cattle, Livestock, Sheep/Goats

Alberta lifts feeder loan guarantee limit

Amendment boosts individual limit by 50 per cent

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Alberta has boosted the limit on the size of loan available under its Feeder Associations Loan Guarantee program, aiming to help producers keep up against rising livestock prices. An order in council amending the provincial Feeder Associations Guarantee Regulation was approved Monday, raising that program’s individual and joint-membership loan limit to $3 million, from $2 […] Read more

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