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

U.S. livestock: Cattle futures rally

Hog futures slide to new lows; USDA cattle report seen as neutral

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Chicago | Reuters –– Chicago Mercantile Exchange cattle futures rose on Friday in a bout of technical trading, as cash prices remained relatively steady and investors positioned themselves ahead of the monthly U.S. Department of Agriculture (USDA) report, traders said. On the pork side, a second day of volatile trading across lean hog futures resulted […] Read more
CME August 2023 feeder cattle with 20-day moving average (red line, right column) and CBOT July 2023 corn (yellow line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up ahead of USDA feedlot data

Hog futures mixed; U.S. pork export sales up on week

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday on technical buying and position-squaring ahead of a monthly U.S. Department of Agriculture (USDA) report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME June live cattle settled up 0.7 cent at 165.525 […] Read more
Smoke from active wildfires in Alberta’s north and west hangs over Calgary on May 16, 2023. (Photo: Reuters/Leah Hennel)
Livestock, Reuters, Weather

No respite expected for wildfire-hit Alberta

Forecasts call for fire conditions to worsen

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Ottawa | Reuters — Abnormally hot and dry weather is set to return to Alberta on Thursday after a couple of cooler days helped calm wildfires that have forced thousands of evacuations in the province. Record-high temperatures and tinder-dry vegetation have led to an intense, early start to wildfire season in Western Canada this year. […] Read more
The Verkhovna Rada building, home to Ukraine’s parliament, in Kiev. (Cia.gov)
Livestock, Reuters

Ukraine lifts barriers to exports of some farm goods

Export licenses were in place to maintain domestic supplies

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Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While […] Read more
CME June 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices

Nearby live cattle higher, feeder cattle down

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more
Members of the Third Princess Patricia’s Canadian Light Infantry (3PPCLI) take part in wildfire prevention operations near Grande Prairie, Alta. on May 12, 2023. (Photo: MCpl, Cass Moon/Canadian Forces/Handout via Reuters)
General, Livestock, Reuters, Weather

Air quality deteriorates as wildfires rage in Western Canada

Evacuations continue in Alberta, B.C., Saskatchewan

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Reuters — Calgary received a special weather alert on Tuesday, warning residents of poor air quality and reduced visibility as tinder-dry weather and shifting winds elevated the risk of spreading wildfires in Alberta’s north and west. As of Tuesday evening 89 wildfires are active in Alberta, with 25 out of control, according to the provincial […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle inch lower, nearby hogs end higher

'Cutouts slowly start to lose ground here'

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slipped on Tuesday, pressured by softening wholesale beef prices and a lack of bullish news, traders said. Cash cattle trade was quiet, leaving some traders to focus on beef prices. The U.S. Department of Agriculture (USDA) priced choice cuts of beef on Tuesday […] Read more
File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock, Markets, Poultry/Eggs, Reuters

Global chicken meat oversupply improving, Brazil’s BRF says

Lower grain costs also expected to boost margins

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Sao Paulo | Reuters — Chicken prices are rising as companies start to cut production to reduce global oversupply, Fabio Mariano, CFO of BRF SA, said on Tuesday, after a glut helped to push the Brazilian pork and poultry producer to a first-quarter loss. The firm posted a 1.024 billion-real (C$287.7 million) net loss for […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecast drives feeder market higher

Feedlots factoring in lower feed grain values

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Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
Later calving was supposed to avoid the snow, but winter just didn't want to give up this year with a heavy snowfall in late March.
Cattleman’s Corner, Cow-Calf, Livestock

Weather didn’t co-operate for calving beef cows

Rancher's Diary: After a short labour, a new great-granddaughter is welcomed into the family

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March 22 We’re about to start calving. Andrea put boards over gaps at the bottom of the barn wall where critters have been crawling into the barn —to block their access and stop the wind. There were sheets of ice where water ran into the barn when snow fell off the roof, melted and ran […] Read more

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