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Livestock Livestock

As pastures dry out and forage quality drops, lick tubs are one way to provide cattle with protein and energy.
Cattleman’s Corner, Livestock

Lick tubs one way to supplement poorer pastures

It doesn't take much loss in body condition to affect conception rates

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A good illustration for this column is a photo I recently took of a dried-out and brown cow pasture. And, if much of the southern Prairies doesn’t get rain soon, many good pastures will start to look like this, which may be detrimental to this year’s breeding season. To lessen its impact, producers should implement […] Read more
CME August 2021 live cattle with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit two-month high

CME lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose more than two per cent on Tuesday, setting a two-month high as deferred prices for corn, the main feed grain for cattle, continued to fall, traders said. CME benchmark August live cattle futures settled up 2.625 cents at 123.9 cents/lb. after reaching 124.125 […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Livestock, Markets, Reuters

U.S. ag secretary backs proposed meatpacking investigator

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Reuters — U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries. Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester of Montana have proposed legislation […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

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Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April […] Read more
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (brown and black lines) and CME August 2021 lean hogs (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures climb as corn prices cool

Lean hogs end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose on Monday, reaching a one-month top as falling prices for feed grains lifted feeder cattle futures, traders said. CME August live cattle futures settled up 1.25 cents at 121.275 cents/lb. after reaching 121.575 cents, the contract’s highest since May 13. August feeder cattle […] Read more
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (dark red and black lines) and CME July 2021 lean hogs (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle gain on strong packer margins

Profit-taking sinks hogs

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Friday on strong beef plant margins and good demand from packers for fed cattle, traders said. Cash beef prices have flattened after a prolonged run higher, but packers continue to make a large profit on each animal slaughtered. “We’re probably seeing that our […] Read more
CME July 2021 lean hogs (candlesticks) with June 2021 lean hogs (pink line), June 2021 live cattle (dark red line) and August 2021 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs end mostly higher

Cattle futures advance

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mostly higher on Thursday on elevated pork prices and strong demand, although profit-taking clipped some of the gains, traders said. Lightly traded June hog futures climbed to the highest for a spot month contract in nearly seven years. More actively traded nearby contracts […] Read more
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock, Machinery, Reuters

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

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Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more
CME July 2021 lean hogs (candlesticks) with 10- and 50-day moving averages (pink and black lines) and June 2021 lean hogs (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Front-month hogs hit seven-year high in thin trade

August live cattle up, feeders lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Wednesday, with the thinly traded June contract rising to a seven-year high as strong domestic demand continues to underpin prices even as export prospects wane, traders said. The most-active hog futures contract eased on profit-taking but remained near the peak it […] Read more
(Photo courtesy Canada Beef Inc.)
Cattleman’s Corner, Livestock, Markets

Stronger fed cattle prices support feeder market

Market Update with Jerry Klassen: It’s good to see a return to renewed optimism in the cattle complex

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During the week ending May 8, Alberta fed cattle prices were quoted in the range of $158 to $162, up $8 to $10 from 30 days earlier. Wholesale beef prices continue to percolate higher as the U.S. economy moves through a major expansionary phase. Rising consumer incomes and stronger consumer spending will result in a […] Read more

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