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(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger live cattle futures lift yearling market

Recent rains rejuvenate Prairie pastures

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Compared to last week, western Canadian yearling prices were quoted $3 to as much as $6 higher; calf markets once again traded $3-$5 on either side of unchanged depending on the region. Unbridled buying interest was noted on larger groups of high-quality yearlings. Despite the grass conditions this summer, cattle characteristics are rated above average […] Read more
CME December 2021 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 follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock

Olymel, union reach second tentative deal to end strike

Company postpones threatened layoffs pending employees' vote Tuesday

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A second agreement in principle has been reached between meat packer Olymel and the union for one of its major Quebec hog slaughter and processing plants to end a months-long strike — this time under threat of layoffs. Olymel and the CSN-affliliated Syndicat des travailleurs de Olymel Vallee-Jonction (STOVJ) announced Sunday afternoon they had reached […] Read more
CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and lean hog cash index (blue line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs rise, narrowing discount to cash market

Technical selling drags on live cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Friday, led by the nearby October contract, in a technical and bargain-buying rally that narrowed the market’s sizeable discount to the exchange’s lean hog index, traders said. Actively traded October futures scaled to a 3-1/2 week peak and closed near its session high, […] Read more
Feed grain prices expected to remain high
Cattleman’s Corner, Livestock, Markets

Feed grain prices expected to remain high

Market Update with Jerry Klassen: More likely to find better calf market closer to year-end

By
There are always a lot of factors affecting the North American beef market, but this month’s take-home message is to look for the fed cattle market in Alberta to reach seasonal highs during November. We could see Alberta fed cattle prices reach up to $165 delivered. Yearling prices are expected to increase $5 to $8 […] Read more
(Olymel video screengrab via YouTube)
Hogs, Livestock

Union rejects province’s call for arbitration in Olymel strike

Labour minister had proposed third-party settlement

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A proposal from Quebec’s labour minister to end a four-month strike at a major hog slaughter plant, which has created a backlog of market-weight hogs on farms in Eastern Canada, has been rejected by the workers’ union. Provincial Labour Minister Jean Boulet, at a meeting Thursday morning, put out a proposal to meat packer Olymel […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (red, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures fall on lower cash cattle

Hogs down on supply expectations

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third day on Thursday, as the softer cash market in the southern U.S. Plains weighed on futures, traders said. “This cash just continues to struggle,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “We’ve just got that anchor in […] Read more
An Asian giant hornet, trapped at Birch Bay, Wash. on July 14, 2020 by Washington State Department of Agriculture (WSDA) researchers, is seen at Olympia, Wash. on July 29, 2020. (Photo: WSDA/Chris Looney/handout via Reuters)
Livestock, Reuters

Washington state eradicates first ‘murder hornet’ nest of the year

Nest found in northwestern county near B.C. border

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Reuters — Washington state eradicated its first Asian giant hornet nest of the year by vacuuming out 113 worker hornets and removing bark and decayed wood near the nest, Washington State Department of Agriculture (WSDA) officials said Thursday. The so-called stinging “murder hornets,” the world’s largest hornets, can grow to five centimetres in length and […] Read more
File photo of hogs in an outdoor pen on St. Croix in the U.S. Virgin Islands. (EAGiven/iStock/Getty Images)
Hogs, Livestock, Reuters

U.S. seeks to protect pork exports if swine fever hits territories

Policy would distinguish Puerto Rico, Virgin Islands from mainland

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Chicago | Reuters — The United States said on Thursday it is seeking to avoid disruptions to pork exports if the territories of Puerto Rico or the U.S. Virgin Islands detect the fatal pig disease African swine fever. The risk for infections in the territories is higher after the Dominican Republic last month confirmed the […] Read more

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