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A file photo of the aftermath of freezing rain in Montreal on April 6. (David Himbert photo/Hans Lucas via Reuters Connect)
General, Weather

Weather Network predicts mild winter, with caveats

Colder scenario expected for East

By
MarketsFarm — Strong El Niño conditions that have developed in the Pacific Ocean would typically lead to a milder winter across Canada — but other factors this year could challenge that outlook, according to the winter forecast from The Weather Network, released Wednesday. The winter forecast features a mild start to the season, with a […] Read more
CME February 2024 live cattle with 10-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle drop on fund selling, beef demand concerns

Chicago lean hogs continue higher

By
Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Hogs, Livestock

PigTrace tag prices go up Dec. 15

Program costs 'unsustainable' without price increase

By ,
One of the prices producers pay for hog traceability will be going up 10 per cent. The Manitoba Pork Council said in a notice to producers Wednesday that the Canadian Pork Council will apply a 10 per cent increase to the prices of PigTrace ear tags and accessories, effective Dec. 15. Table: PigTrace ear tag […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME cattle gain for second straight day after selloff

Chicago lean hog futures also firm

By
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for a second consecutive session on Wednesday on short covering and follow-through technical and bargain buying after the market plunged to multi-month lows to start the week. Improving packer margins and futures’ steep discount to cash cattle prices also supported the market following the fund-selling […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle up on short covering, discount to cash

Short covering also lifts CME hogs

By
Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Hogs, Livestock, Markets

Manitoba hog yard cleared for U.S. export

Separate export certificate had been required for yard's cull sows

By ,
U.S. authorities have lifted an order that required sows from one Manitoba assembly yard to be certified free of Seneca Valley virus before crossing the border.  The U.S. Department of Agriculture confirmed Canada in the second-last week of November had now met protocol conditions for Seneca Valley virus and has lifted the health certificate requirement, […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Fund selling sends CME cattle to multi-month lows

February hogs touch contract low

By
Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled sharply for a second straight session on Monday on fund long liquidation, technical selling and concerns about slowing beef demand and rising supplies. Actively traded February live cattle dropped to an eight-month low while several deferred-month contracts posted life-of-contract lows. January feeder cattle plunged more […] Read more
CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle collapse to March lows

Chicago February hogs set contract low

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Chicago | Reuters — Cattle futures sank to their lowest levels in nearly eight months at the Chicago Mercantile Exchange on Friday on increased concerns about easing demand for U.S. beef. Technical selling accelerated the slide after funds recently liquidated long positions, traders said. “We don’t know what demand is going to be a year […] Read more

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