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CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs climb, demand uncertainty remains

Chicago cattle futures lower

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Chicago | Reuters — CME lean hog futures firmed for a second session on Thursday, supported by bargain buying, though demand concerns capped gains, analysts said. “We’ve got conflicting fundamentals. Seasonally, hog supplies should continue to tighten into mid-summer. But right now there’s a lot of demand worry,” said Doug Houghton, technical analyst at Brock […] Read more
File photo of chicks on a genetic map of a chicken. (Peggy Greb photo courtesy ARS/USDA)
Livestock, Poultry/Eggs

High-path avian flu reaches Alaska

Canada books more cases in five provinces

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U.S. federal animal health officials have confirmed highly pathogenic avian influenza in a backyard flock in southern Alaska, showing the extent of current outbreaks’ reach across North America. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said Saturday it had confirmed the presence of high-path avian flu in a “non-poultry” backyard […] Read more
CME June 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: CME live cattle ease

Cash prices maintain against lower futures

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Chicago | Reuters — CME Group live cattle futures eased on Wednesday, pressured as processors pull market-ready cattle forward heading into the late spring, analysts said. June live cattle futures are discounted versus the cash market, creating an incentive to sell before cash falls. “We’re going to start narrowing up cash and the June board,” […] Read more
CME July 2022 lean hogs (candlesticks) with 20-, 50-, 100- and 200-day moving averages (pink, brown, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs drop to January lows

Lower grain values continue to lift cattle

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Chicago | Reuters — CME lean hog futures on Tuesday dropped to their lowest prices since January on technical selling and concerns about risks to demand for U.S. meat, brokers said. U.S. pork exports to China have tumbled this year as Chinese producers rebuild their herds after outbreaks of the pig disease African swine fever. […] Read more
While lush, green pastures might only be wishful thinking some years, it is important for producers to actually write out a drought management plan. It may not be followed exactly, but it helps to bring into focus some of the issues a producer may have to deal with during a dry year.
Beef Cattle, Cattleman’s Corner, Livestock

Make a drought plan in writing

Putting it on paper helps clarify the options and takes some of the emotion out of tough decisions

By
I firmly believe in having a written drought plan. Droughts are nearly always extremely dynamic and can change rapidly, so while the plan will not be followed exactly, it does provide a focus to ensure accountable and proactive management. It also helps us focus on the things we can control rather than the things we […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feedlot demand up prior to seasonal rally

Market for calves 'boiling hot' in Manitoba

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For the week ending April 30, western Canadian feeder cattle prices were quite variable. Yearlings traded $8 lower as much as $5 higher. Severe discounts were noted on fleshier cattle; some auction barns reported the bulk of cattle over 800 pounds were medium to heavier flesh. Deferred live cattle futures were under pressure but the […] Read more
CME August 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle futures firm on weaker corn

China's COVID lockdowns pressure CME hogs

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Chicago | Reuters — CME live and feeder cattle futures firmed on Monday, supported by lower corn futures, an input cost to feeder cattle, analysts said. “The big driver there was just lower corn,” said Josh Steinhilber, broker at Cattlehedgers.com. “We got spillover into the live cattle.” CME August feeder cattle added 5.8 cents, to […] Read more
CME June 2022 lean hogs (candlesticks) with Bollinger bands (20,2) and 100-day moving average (brown line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs fall to lowest since early February

CME cattle also weak

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Chicago | Reuters — CME hog futures dropped to their lowest in nearly three months on Friday, pressured by concerns about consumer demand as summer grilling season nears, traders said. Cattle futures also fell. Some end-of-month fund liquidation likely added to the weakness in livestock contracts, traders said. “There is not a whole lot of […] Read more
What to make of the Cattle on Feed report
Beef Cattle, Cattleman’s Corner, Markets

What to make of the Cattle on Feed report

Market Update with Jerry Klassen: An Economics 101 look at what the numbers are really telling us

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The most recent USDA Cattle on Feed report released in January showed the total number at the beginning of the year at 12.037 million head, up one per cent from Jan. 1, 2021. Initial media and analytical reports were calling the report bearish. This is the second-highest Jan. 1 inventory since the series began in […] Read more
CME June 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures up off three days of losses

Chicago live cattle down, feeder cattle firm

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Chicago | Reuters — CME Group hog futures rose on Thursday, snapping a three-session losing streak that pushed prices to their lowest since March 7 on some mild bargain buying, traders said. But the gains were kept in check by concerns that the growth of the Chinese herd could slow buying demand from the world’s […] Read more

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