beef demand Archives - Page 2 of 6

Klassen: Feeder market remains under pressure

Pre-election commodity trading in 'risk-off' mode

By Jerry Klassen, GFM Network News November 3, 2020

Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more

Beef Cattle, Livestock, Markets

Beef demand soars as consumers ‘aggressively’ stock up

Surge in sales accompanied by a jump in people looking online for recipes

By Alexis Kienlen, GFM Network News April 6, 2020

Canada’s beef demand has been strong during the pandemic. “Unlike previous disease outbreak issues, COVID-19 has not been about food safety or consumer confidence or issues with food products,” Canada Beef president Michael Young said during a recent online town hall. “Beef demand at retail is up 50 to 70 per cent. Consumers have aggressively […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market digesting lower beef demand

By Jerry Klassen, GFM Network News March 17, 2020

Compared to last week, western Canadian yearling prices were down $12-$18; mid-weight calves were down $10 to as much as $15 while calves under 550 lbs. were down $4-$8. The market is incorporating a risk discount due to uncertainty in beef demand for the second and third quarters of 2020. Feedlot margins are in negative […] Read more

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

By GFM Network News March 16, 2020

Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more

Taste-testing during a Canadian Beef Advantage Seminar in Shanghai in 2013. (Canada Beef via YouTube)

Finishers, Livestock, Markets

Klassen: Uncertain beef demand weighs on feeder market

By Jerry Klassen, GFM Network News February 11, 2020

Compared to last week, western Canadian prices for yearling and heavier calves were down $2-$4 on average. The calf market was hard to define; Alberta markets traded $3 lower to $4 higher but notable strength was evident in Saskatchewan and Manitoba where values were steady to $4 higher. Favourable weather contributed to higher auction market […] Read more

A transmission electron microscopy image of the first isolated case of the new 2019 coronavirus, as obtained by Reuters on Jan. 27, 2020. (Handout image courtesy IVDC, China CDC via Reuters)

Beef Cattle, Livestock, Markets

Virus concerns add more uncertainty to cattle market

By GFM Network News January 27, 2020

MarketsFarm — Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the new coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef demand should remain supportive for […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb on wholesale beef demand

By Julie Ingwersen, GFM Network News August 21, 2019

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the Labour Day holiday weekend, analysts said. Retailers are stocking their meat cases this week ahead of the Labour Day holiday on Sept. 2, while a Tyson Foods slaughterhouse […] Read more

CME August 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME lean hogs slide on fund liquidation

By GFM Network News June 14, 2019

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more

CME August 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Feeder cattle futures dip to contract lows

By GFM Network News May 16, 2019

Chicago | Reuters — U.S. feeder cattle futures on the Chicago Mercantile Exchange (CME) dipped to new contract lows on Thursday as a rally in Chicago Board of Trade corn futures this week continued to signal rising feed costs and U.S. beef demand remains sluggish. Cattle futures also faced headwinds from U.S. Department of Agriculture […] Read more

CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME lean hogs up third straight session

By GFM Network News April 12, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Friday for a third straight session on expectations that an outbreak of African swine fever in China’s hog herd would prompt the Asian country to import more pork, traders said. Traders were still digesting Thursday’s export sales report from the U.S. […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

Tag Archives beef demand

Klassen: Feeder market remains under pressure

Beef demand soars as consumers ‘aggressively’ stock up

Klassen: Feeder market digesting lower beef demand

U.S. livestock: Cattle futures hit 10-year lows

Klassen: Uncertain beef demand weighs on feeder market

Virus concerns add more uncertainty to cattle market

U.S. livestock: CME live cattle climb on wholesale beef demand

U.S. livestock: CME lean hogs slide on fund liquidation

U.S. livestock: Feeder cattle futures dip to contract lows

U.S. livestock: CME lean hogs up third straight session

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