cattle in a feedlot

Market message: Time to cut beef production

Market Update with Jerry Klassen: The market will bounce back temporarily, but producers should consider liquidating cows

Western Canadian cattle prices have been quite volatile over the past month. Alberta fed cattle prices climbed higher for seven weeks in a row from late November through the first week of January. Alberta packer bids rose from $147 to highs of $167 during this time. The finished market appeared to divorce from the live […] Read more



Ripe soybeans near Morden, Man. on Sept. 14, 2017. (Allan Dawson photo)

U.S. grains: Soybeans dip on Argentina rain outlook, technical selling

Chicago | Reuters — U.S. soybean futures fell for a third straight session on Friday on technical selling and as an improved South American crop weather forecast soothed some anxiety about drought-reduced production in Argentina. Wheat also declined, with soft red winter wheat futures pressured by forecasts for snow in some U.S. production areas. Corn […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on fund buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday touched a three-month top, spurred by short-covering and fund buying, said traders. April closed up its three-cent-per-pound daily price limit (all figures US$). Investors bought that contract and simultaneously sold February. The limit will expand to 4.5 cents on Friday. February live cattle […] Read more


(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans fall on weak exports, bumper Brazil harvest

Chicago | Reuters — U.S. soybean futures dropped for a second straight day on Thursday on technical selling and profit taking following government data showing lower-than-anticipated U.S. export sales last week. Forecasts for rain and cooler temperatures in Argentina by mid-February and an accelerating soy harvest in Brazil further weighed on prices. Corn and wheat […] Read more

(USDA.gov via Flickr)

Southern Plains drought slows U.S. cattle herd growth

Chicago | Reuters — Encroaching drought in the U.S. southern Plains contributed to the smallest rise in the nation’s cattle population in three years, analysts said after the government’s semi-annual cattle inventory report on Wednesday. Insufficient moisture in parts of Texas and Oklahoma, along with areas of persistent dryness in the northern Plains, hurt winter […] Read more