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Livestock Livestock

While the U.S. beef cattle industry is still in retraction, the potential for increasing demand for beef is a sign for Canadian producers to keep producing.
Beef Cattle, Cattleman’s Corner, Markets

Should you expand the cow herd?

Market Update with Jerry Klassen: Canadian producers in a good position to sell more beef into a rising market

By
I’ve received many inquiries from cow-calf producers regarding the outlook for the cattle herd over the next couple of years. Those of you who have read my articles in the past know that I advise Canadian cow-calf producers to expand when the U.S. cattle herd is contracting, and vice versa. It was one year ago […] Read more
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle ease on higher grain costs

Feeder cattle, lean hogs mixed

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Chicago | Reuters — U.S. live cattle futures eased on Tuesday, as higher input costs could lead to near-term selling of cattle as producers are resistant to paying higher feed costs, traders said. “You’ve got your cost of gains climbing and climbing,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “Could be some […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle divorce from futures’ direction

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Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Higher-quality yearlings and calves were steady to $4 higher in Alberta and Saskatchewan; in Manitoba, yearlings traded $2-$4 lower while calves were $3-$5 higher. Domestic cattle markets appeared to divorce from feeder and live cattle futures. June live cattle futures finished the week […] Read more
CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures climb on USDA report

Lean hog futures' gains continue

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Chicago | Reuters — U.S. live cattle futures gained on Monday, supported by Friday’s monthly Cattle on Feed report that showed smaller-than-expected placements, traders said. Chicago Mercantile Exchange June live cattle futures settled 0.55 cent higher at 116.275 cents/lb. while the August contract ended 1.1 cents higher at 117.95 cents (all figures US$). “It wasn’t […] Read more
CME August 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures close narrowly mixed

CME hog futures climb

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Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Friday, with nearby contracts pressured by lacklustre cash cattle trade and position-squaring ahead of a monthly government cattle report, analysts said. Chicago Mercantile Exchange June live cattle futures settled down 0.125 cent at 115.725 cents/lb. while the August contract ended up 0.125 cent […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend slide as corn prices charge higher

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Chicago | Reuters — U.S. cattle futures closed lower on Thursday for the 10th time in the last 11 sessions, pressured by fund-driven long liquidation and soaring corn prices that threaten cattle feeders’ profits, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.4 cents at 115.85 cents/lb. (all figures US$). CME August […] Read more
Have a look at the mineral mix to make sure it has components for grazing and breeding season.
Cattleman’s Corner, Cow-Calf, Livestock

Cash in on beef cow mineral status in the spring

To avoid disease and promote rebreeding and maybe a dash of garlic for fly control

By
As the weather turns warm, many beef producers wish to refresh their cow mineral programs. It seems that most want to maintain the well-being of their cows coming into spring, whether cows are spring-calvers or calving is completely done and their cows are nursing new spring calves. In both cases, many producers also want to […] Read more
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, red lines) and August 2021 feeder cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures sag on technical selling

Wholesale beef prices supportive

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Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle markets experience volatility

Beef prices encourage slaughter pace

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Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle bounce after eight-session skid

Lean hogs up on demand, cash prices

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Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday for the first time in nine sessions as brisk demand for beef and a rally in lean hog futures prompted a round of bargain-buying, traders said. Chicago Mercantile Exchange June live cattle settled up 0.6 cent at 119.2 cents/lb., and August feeder cattle […] Read more

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