(Photo courtesy Canada Beef Inc.)

Klassen: Calf numbers down in Western Canada

StatCan figures a surprise to the trade

Compared to last week, western Canadian yearling markets were relatively unchanged. Yearlings straight off grass were very well bid and prices held value. Yearlings over 800 lbs. on light grain ration were quoted $15-$20 discount to those cattle coming straight off pasture. We’re seeing heavier calves around 800 lbs. trade at $330-$340. Increased calf numbers […] Read more

CME October 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle up on consumer demand, tight supplies

Labour Day weekend demand also lifts hogs

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures gained on Monday, supported by consumer demand and continued tightening of available cattle, analysts said. “I think we probably did get a little help here from retail movement over the last week,” said Alan Brugler, president of Brugler Marketing, noting the Labour Day holiday is […] Read more


CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle gain as heat impacts producers

Seasonal pressures drag on hog futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Friday as processors looked to incentivize market-ready cattle movement while producers struggled against high temperatures on the U.S. Plains, analysts said. “We saw packers willing to pay up to keep stuff moving. With the hot weather, you had probably reduced performance and a […] Read more

CME October 2023 live cattle with 20-day moving average (pink line, right index) and CME October 2023 feeder cattle (dark red line, left index). (Barchart)

U.S. livestock: CME live cattle up on cash optimism, heat risk

Lean hogs also up on strong pork prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, supported by concerns about heat stress in the U.S. Plains, as well as optimism in the cash cattle market, analysts said. “The cash outlook seems pretty firm,” said Doug Houghton, technical analyst at Brock Capital Management. ” I think there’s some support […] Read more


Photo: ARS/USDA

U.S. livestock: CME lean hogs dip as seasonal pressures mount

Live cattle futures eased slightly as cash trade remains light

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell for a third session on Wednesday, as seasonal pressure mixed with weaker pork prices, analysts said. “This time of year for October hogs, it’s tough to know which direction to go in,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc, noting […] Read more

CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle ease, heat impacts in focus

Seasonal hog supplies pressure futures

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after two sessions higher, as traders watch to see the impact of sweltering temperatures on slaughter-ready cattle, analysts said. “The heat does hurt the weights. That’s been an issue for a lot of the south, for a lot of the summer,” said […] Read more


(Geralyn Wichers photo)

Klassen: Feedlots aggressively secure ownership

StatCan cattle inventory report due out soon

Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more

CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle climb on fewer feedlot placements

Lean hog futures down with cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second session on Monday, supported by a bigger-than-expected drop in cattle placements in July, reported after market close on Friday. “In terms of slaughter ready cattle, we’re still relatively tight,” said Austin Schroeder, analyst at Brugler Marketing. In the U.S. Department of […] Read more


CME October 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle recover from six-week low

U.S. cattle-on-feed data seen as supportive

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Friday after dropping to a six-week low, as traders adjusted positions before a government report showed lower-than-expected placements in U.S. feedlots last month. The data, which the U.S. Department of Agriculture (USDA) issued after trading ended, should further support cattle futures next […] Read more

CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle […] Read more