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CME December 2022 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise on robust beef, pork demand

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Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
While feedlot placements are up in the U.S. the opposite is happening in Western Canada with feedlot placements dropping sharply below year-ago levels through the summer period.
Cattleman’s Corner, Livestock

Cattle market digesting many variables

Large Prairie barley crop in 2022, but big shipments of feed to China

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As of the third week of September, Alberta packers were buying fed cattle on a live basis in the range of $180-$183/cwt delivered. Alberta finished cattle prices were rather flat throughout September. For March and April of 2023, feedlot operators have been able to forward-contract fed cattle on a dressed basis at $345/cwt delivered which […] Read more
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures extend gains

Chicago hog futures weak

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Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
File photo of a CFIA vehicle. (Dave Bedard photo)
Livestock, Poultry/Eggs

Avian flu circles back to Quebec

Saskatchewan's bird mingling ban held over

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Outbreaks of highly pathogenic avian flu have returned to Quebec’s poultry sector after a lull of just over two months, while more Canadian cases continue to pile up at points west. Canada’s fall migratory season for wild birds appears to have led to the return of outbreaks in both commercial and backyard poultry flocks and […] Read more
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise on cash market strength

November feeder cattle also end higher

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Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day […] Read more
Backgrounding feeding programs are often tailor-made to each beef producer’s situation. The rate of gain can be achieved over short-45 day, medium-90 day and longer-kept 120-day feeding programs.
Cattleman’s Corner, Livestock

Pencil out the economics of backgrounding

Working through a "what-if" scenario helps in deciding whether to feed

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As most of the leaves have fallen, many spring calves are being weaned. It’s also when many beef producers determine whether their weaned calves are immediately sold or held for further feeding. Regardless of the final choice, backgrounding calves takes a bit of homework and should pay off with increased revenue if the goals, the […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets, Poultry/Eggs

Pork packer Olymel laying off dozens of managers

Market unpredictability, 'growth challenges' cited

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Major Canadian pork and poultry packer Olymel has laid off 57 people from its management ranks and eliminated another 120 administrative positions, citing the company’s current “market context and growth challenges.” Olymel, the meat packing arm of Quebec-based Sollio Cooperative Group, said Tuesday its affected employees were notified Monday and have received their layoff notices. […] Read more
CME December 2022 live cattle (candlesticks) with 40-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures hit over seven-year high

CME lean hogs also close higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts rose on Tuesday and the front-month contract hit its highest in more than seven years on strength in the cash market, traders said. Hog futures were also firm, with chart-based buying after contracts broke through key technical resistance points on Monday. CME December lean hog […] Read more
File photo of cattle on feed near Champion, Alta., about 75 km north of Lethbridge. (James_Gabbert/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Uncertain fed cattle market weighs on feeder cattle

U.S. feeder demand seen relatively sluggish

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Compared to last week, western Canadian yearlings (900 lbs. and over) appeared to trade $6-$8 lower on average; yearlings weighing 800-900 lbs. off grass were unchanged. Backgrounded yearlings were also $6-$8 lower. Mid-weight calves were unchanged but calves under 600 lbs. were $3 to as much as $10 lower in some cases. Feedlot operators pulled […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 30- and 50-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle, hog futures hit multi-week highs

November feeder cattle end lower

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Chicago | Reuters — Chicago Mercantile Exchange hog and live cattle futures rallied to multi-week highs on Monday. CME December lean hog futures rose 2.7 cents to settle at 84.95 cents/lb. (all figures US$). The contract peaked at 85.1 cents, its highest since Sept. 23, and rose above its 100-day and 200-day moving averages during […] Read more

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