Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid a flurry of technical trading, weakness in corn futures Cv1 and strength in the wholesale beef pricing, market analysts said.
Beef cattle
U.S. cattle: Cattle futures bounce higher on technical trading, hogs mixed
Klassen: Yearling price trend stalls while calves ratchet higher
Larger players aggressively securing lightweight calves on expectations of low yearling supplies
Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.
News from the world of Charolais cattle
Purely Purebred, news from the March 2024 issue of Canadian Cattlemen
The Charolais Banner has been tracking the purebred Charolais female sale trends for 30 years. Last year saw the second-highest gross at nearly $7 million, and the second-highest average. There were 31 sales which had females in them and is the most sales since back in the 1990s. In total, the 959 lots averaged $7,195 […] Read more
Farmland value growth slowed in 2023, FCC says
Saskatchewan, Quebec and Manitoba saw strongest growth in 2023, report shows
Farmland is still getting more expensive, but not quite as quickly as in recent years, according to the latest farmland value report from Canada’s biggest agricultural lender.
U.S. livestock: CME livestock futures mostly lower on technical trading
Chicago Mercantile Exchange livestock futures closed mostly lower on Monday, as market participants sought profits and continued to adjust their positions as part of the so-called Goldman roll, traders said.
U.S. finalizes higher standard for ‘Product of USA’ meat label
Canadian meat sector concerned labeling could have chilling effect on exports to U.S.
The administration of U.S. President Joe Biden on Monday finalized a rule requiring meat, poultry, or eggs labeled as a U.S. product to come from animals born, raised, slaughtered, and processed in the country.
Alberta renewable ban could hurt $11 bln in investments, says study
Farmland-protecting approach puts province at loggerheads with federal Liberals' green energy plans
Canadian province Alberta's ban on some renewable projects could hurt $11.1 billion in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capacity, a study said on Monday.
Constellation of cattle futures prices and futures markets spreads
Market Talk with Jerry Klassen
The live and feeder cattle futures markets experienced sharp downward price behaviour during the final quarter of 2024. Although the price weakness was being influenced by the nearby fundamentals, the deferred live and feeder cattle contracts were also trending lower. In this article, I’m going to discuss market behaviour referred to as the “constellation of […] Read more
Feds announce $1.7 million for foreign animal disease prevention
Cash boosts Animal Health Canada's efforts to prevent and prepare for ASF, FMD
The federal government has pledged up to $1.7 million toward foreign animal disease prevention, the federal agriculture minister announced today.
Feed grain weekly outlook: Growers looking at the skies, prices
Barley prices should decline in later spring as growers sell, analyst says
Despite recent weather bringing much-needed moisture into southern Alberta, dryness remains a concern in the region weeks before the start of seeding.
Canadian Cattlemen Presents: Depth of Field
