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Beef cattle

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

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For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more
CME August 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle firm on choppy corn trade

Live cattle, lean hogs mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased and feeder cattle futures ticked up on Monday, as corn prices faced a choppy trading day at the start of this holiday-shortened week, traders said. Meanwhile, the hog market ended the day mixed, with nearby contracts continuing to be bullish on growing buyer interest, […] Read more
CME October 2023 live cattle with 20-day moving average and August 2023 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle up as corn prices slide

Chicago lean hog futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high on Friday, lifted by a surge in feeder cattle futures as corn prices tumbled, traders said. Tightening U.S. cattle supplies and a resilient beef market lent support, along with a strong close for the month and quarter on Wall Street that […] Read more
(Photo courtesy Canada Beef Inc.)
General, Weather

Saskatchewan drainage work rebates expanded to farmers

Channel clearing, drain maintenance program shares eligible costs

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A program to help rural Saskatchewan municipalities and local authorities cover costs of channel clearing and maintaining drains for flood prevention will now expand to include individual landowners. The province’s Water Security Agency (WSA) said Friday its $1 million cost-share rebate program will expand its eligibility beyond RMs, conservation and development area (C+D) authorities and […] Read more
The annual grilling season began in early May, which is the best beef demand period of the year.
Markets, Prime cuts

How will beef demand hold up?

Prime Cuts with Steve Kay

By
The entire beef chain, from ranch to retail and restaurant, depends on consumers to keep paying up for beef. But seldom do all links in the chain make money at the same time. Right now in the U.S., cow-calf operators, cattle feeders and packers are all making decent profits. But retail margins on beef have […] Read more
Tuberculosis bacteria under an electron microscope. (Janice Haney Carr photo courtesy Centers for Disease Control and Prevention (U.S.))
Beef Cattle, Livestock

Bovine TB turns up in Saskatchewan herd

Two cases found after U.S. test flags Canadian heifer

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A heifer whose tissues tested positive for bovine tuberculosis (TB) at slaughter in the U.S. has been traced back to a Saskatchewan cattle herd which has now turned up two more cases of the disease. The Canadian Food Inspection Agency, in a report dated Wednesday, said it was notified Feb. 23 by the U.S. Department […] Read more
CME August 2023 lean hogs with 100-day moving average and October 2023 lean hogs (brown line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME nearby hog futures up ahead of herd data

Cattle up on bullish fundamentals

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Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures ended higher on Thursday, as wholesale pork prices rose, cash hog prices firmed and traders awaited quarterly hog data from the U.S. Department of Agriculture (USDA). Benchmark August hogs settled up 1.225 cents at 92.325 cents/lb. after reaching 93 cents, right at the contract’s […] Read more

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