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Livestock Livestock

CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle down on lagging slaughter rates

Lighter supplies support lean hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased for a fifth consecutive session on Wednesday, pressured by lagging slaughterhouse production, analysts said. “We’re just not processing cattle fast enough. Some of the supply chain bottle necks that have affected the cattle market up to this point, they still remain in play,” said […] Read more
Feeder cattle market poised to rally in 2022
Beef Cattle, Cattleman’s Corner, Markets

Feeder cattle market poised to rally in 2022

Market Update with Jerry Klassen: Higher barley production forecast, with feed grain prices expected to fall

By
Alberta packers were buying fed cattle on a live basis in the range of $163-$165 during the second week of December. This is up $9-$11 from 30 days earlier. Canadian prices have been pulled higher by strength in the U.S. fed market. Fed cattle prices in Texas and Kansas were actively trading in the range […] Read more
Jennifer Hayes. (CDC-ccl.ca)
Dairy Cattle, Livestock

New chair named for Canadian Dairy Commission

Appointment still leaves board shorthanded

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Federal Agriculture Minister Marie-Claude Bibeau has hired from within the Canadian Dairy Commission to get it a new chairperson. Bibeau on Tuesday announced Quebec dairy farmer Jennifer Hayes as the CDC’s new chair for a four-year term starting Dec. 23, 2021. Hayes, who had served as commissioner on the CDC’s three-person board since January 2017, […] Read more
Environment Canada’s forecast probabilities of precipitation for the January-through-March period. (Weather.gc.ca)
Crops, Livestock, Weather

Colder-than-normal Prairie winter forecast

By
MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across Western Canada over the next three months, while much of Eastern Canada should be warmer. The latest seasonal forecast from Environment Canada, released Friday, calls for a 50 to 90 per cent chance of below-normal temperatures from January through March for the four western provinces. […] Read more
CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns

Biden proposal seen improving producers' cut of price

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of the Packers and Stockyards Act, […] Read more
(Lauri Patterson/E+/Getty Images)
Dairy Cattle, Livestock, Reuters

Canada violated CUSMA pact by reserving dairy quotas, panel finds

Canada 'will ensure compliance,' trade minister's rep says

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Washington | Reuters — Canada violated a trade accord with the U.S. and Mexico by reserving most of its preferential dairy tariff-rate quotas for Canadian processors, a dispute panel found, and Washington warned it could retaliate if Ottawa did not change course. The U.S. Trade Representative’s office claimed victory for Washington in the first dispute […] Read more
CME February 2022 live cattle (candlesticks) with 50-day moving average (black line) and August 2022 live cattle (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby CME live and feeder cattle futures ease

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, remaining near recent highs as back-month contracts climbed to new highs on expectations of tighter supplies to come. CME February live cattle futures settled down 0.775 cent at 138.925 cents/lb., though back-month contracts starting with August 2022 found new life-of-contract highs (all […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drop on profit-taking; lean hogs fall

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday on profit-taking after a previous session rally resulted in several contracts hitting new highs, traders said. CME February live cattle settled down 0.750 cent at 139.975 cents per pound. Feeder cattle futures, which were supported by a slump in Chicago corn futures, […] Read more

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