NEW FEATURE: Jerry Klassen, an independent commodity trader well known to readers of Canadian Cattlemen and the Cattleman’s Corner section in Grainews for his analysis of the livestock markets, now brings a new weekly column on cattle markets to AGCanada.com and its affiliated sites. Nov. 3 — Feeder cattle prices in Western Canada have been […] Read more
Klassen: Feeders higher on lower Canadian dollar
Cdn Beef Herd Still Contracting
The cattle market appears to be stabilizing after absorbing the burdensome supplies during the summer months. In early September, fed steers in the U. S. southern plains were trading at $85/cwt, which is up from $82 a month earlier. At the same time, market ready cattle were selling in the range of $81 to $82 […] Read more
Hog Prices Steady — Temporarily
* US Quarterly Pork Production (million pounds) 1 2 3 4 2008 6024 5593 5632 6098 2009 5811 5488 5635 6005 % Change -3.54% -1.88% 0.05% -1.53% Hog prices appear to have stabilized for the time being. There is a strong seasonal tendency for hog prices to bottom late August or first half September. The […] Read more
Hog Prices Recovering
(million pounds) US QUARTERLY PORK PRODUCTION US QUARTERLY TOTAL PORK PRODUCTION (Million Pounds, Broilers And Turkeys) 2008 10818 11147 11173 10576 2009 10077 10420 10595 10600 % change -6.85% -6.52% -5.17% 0.23% 1 2 3 4 2008 6024 5593 5632 6098 2009 5811 5400 5490 6000 % change -3.54% -3.45% -2.52% -1.61% 1 2 3 […] Read more
Canadian Hog Prices Feel Heat
Cash hog values in Western Canada remain under pressure. The U. S. Country-of-Origin Labelling law, H1N1 influenza, and the stronger Canadian dollar have all had a negative influence on the Canadian market. Prices in Manitoba were hovering at the $1.43/kg. in late May while the Alberta slaughter market was quoted at $1.37kg. This is up […] Read more
Canadian Dollar Weighs On Cattle Prices
US BEEF AND VEAL SUPPLY AND DISTRIBUTION (MILLION POUNDS) Beginning Stocks Production Imports Total Supply Exports Domectic Consumption Ending Stocks 2006 571 26257 3085 29913 1145 28138 630 2007 630 26523 3052 30205 1434 28141 630 2008 630 26663 2537 29830 1888 27300 642 2009 est 642 26630 2840 30112 1735 27772 605 2010 est […] Read more
The good news is more consumers are eating at home as the economy stabilizes
It will take some time for the plants to adjust to the new structure under the Country of Origin Labeling regulations Canadian hog values have been consolidating over the past few weeks. While demand appears to be improving, the Country-of-Origin Labelling law has slowed export movement to the U. S. It appears that plants need […] Read more
Cattle Prices Trend Higher
Fed cattle prices appear to be moving in a counter-seasonal pattern largely due to an improvement in demand. U. S. on feed numbers continue to come in below year ago levels and nearby market ready supplies are tightening. Cattle in the U. S. southern plains in late April were trading at $88, up $4 from […] Read more
Pork production up as producers ship heavier hogs
The hog market remains under pressure despite lower hog inventories on both sides of the border. Hog prices in Peoria were quoted at $35, down $2 from a month earlier. Western Canadian values were in the range of $1.40 kg to $1.50kg for nearby delivery; June forward contracts are still quite strong at $1.65 to […] Read more
Jobless Rate Impacts Beef Sales
Fed cattle prices in Southern Alberta have been trading in the $96 to $98 over the past couple weeks. Stronger Canadian wholesale values along with steady export demand have resulted in the firmer tone. The Canadian dollar has been fluctuating between 77 and 81 USD cents allowing opportunities to lock in the exchange at some […] Read more
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