
Beef cattle

U.S. livestock: CME cattle firm on steady-higher cash
Lean hog futures regained after softening on Thursday
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday, supported by underlying strength in the cash markets and tighter cattle slaughter, analysts said. August live cattle futures LCQ3 added 2.400 cents to 180.900 cents per pound. Most-active October live cattle LCV3 lifted 1.600 cents to settle at 182.900 cents per pound. […] Read more

Feeder cattle market functions to encourage expansion
Market Talk with Jerry Klassen
In the September 6, 2022 issue of Canadian Cattlemen, I wrote an article stating that fed cattle numbers were expected to be extremely tight in the first half of 2023. I included a chart projecting that the feeder cattle futures would reach historical highs in October and November of 2023. Over the past couple of […] Read more

U.S. livestock: CME lean hogs decline; cattle inches higher
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell on Thursday, pressured by declining demand and expectations of greater supplies of market-ready hogs heading into the fall, analysts said. “You had a cutout that took a big step back yesterday. You had export numbers that weren’t especially supportive this morning, and the fact […] Read more

Canada Beef launches its ‘Cuts by Colour Guide’
News Roundup: Guide to support cattle producers marketing their own beef
The Cuts by Colour Guide, powered by the Canadian Beef Information Gateway, was launched by Canada Beef in June to help cattle producers who sell beef directly to consumers. The guide is also suitable for use by small butchers and abattoirs. The guide is in poster format (24″ x 18″) and has colour coding and […] Read more

U.S. livestock: CME live cattle ease despite cash market support
Despite losses, supportive fundamentals remain for live cattle
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased on Wednesday, pressured by macroeconomic weight as a downgrade that stripped the U.S. of its top credit rating rippled throughout markets, analysts said. Despite losses, supportive fundamentals remain for live cattle. “We’re still going into smaller numbers,” said Joe Kooima, commodity broker at Kooima […] Read more

Bringing cattle to the classroom
Julie Mortenson’s ‘Classroom Cattle’ program encourages students to ‘adopt’ a calf from her family’s ranch and watch it grow
Julie Mortenson grew up in the heart of cattle country. Today, she’s found a way to share some of that experience with students who don’t have the chance to spend time on farms and ranches. Originally from north of Grand Prairie, Alta., Mortenson spent her childhood on the land as she helped on her parent’s […] Read more

U.S. livestock: CME live cattle firms on strong cash market
Lean hog futures eased after reaching fresh four-month highs
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures gained on Tuesday, helped by strong cash prices and technical support, analysts said. “Cash market is still hanging in there at $179 to $180 area. More than that in the north. So August was too big of a discount,” said Alan Brugler, president of Brugler […] Read more

Market Intelligence Update from Canada Beef: Beef consumption on the rise in Saudi Arabia
Saudi Arabia is the largest country of member states in the Gulf Cooperation Council with a growing population of over 36 million and has the fifth highest population among Middle Eastern nations. It has the 18th largest GDP in the world at over USD $1 trillion and is the largest in the region. The overall […] Read more

New Cattle Young Leaders, Ag Hall of Fame inductees announced
NewsMakers from the August 2023 issue of Canadian Cattlemen
Canadian Cattle Young Leaders Holly McGill is a feed mill sales representative who joined the Elanco Canada team in 2022. Having completed both a bachelor’s degree in agriculture and a master’s degree in dairy nutrition, she was a ruminant nutritionist focused on beef and veal nutrition for almost 10 years after graduation before joining Elanco. […] Read more

Klassen: U.S. feeder markets lead Canadian prices higher
Dry conditions in Saskatchewan and parts of Alberta are moving yearlings off grass sooner than expected
Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. Dryer conditions in Saskatchewan and […] Read more