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Beef cattle

Photo: Canada Beef
Livestock, Markets, Reuters

U.S. Livestock: cattle futures fall, supplies remain tight

USDA says farmers raising the fewest number of beef cows since 1971

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Chicago | Reuters – Chicago Mercantile Exchange Group live cattle futures weakened on Friday but remained near all-time highs hit a day earlier as traders squared positions ahead of key government supply reports. Traders said that the market faced pressure from profit-taking but weakness in the corn market helped limit the decline. August live cattle futures […] Read more
(File photo)
Livestock, Markets, Reuters

U.S. Livestock: cattle futures fall after hitting record high

Export sales of beef rose to 20,900 metric tons in the week ended July 13: USDA

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to all-time highs on Thursday, with signs of strong export demand and good sales on the cash market supporting prices, traders said. But cattle prices closed lower on a round of profit-taking as traders took money off the table ahead of key government supply reports […] Read more
University of Saskatchewan student and longtime 4-Her Kadence Johnson has discovered the Next Step Club, a 4-H club for post-secondary students wishing to learn adult skills. (Alberta Farmer photos by Jeff Melchior)
General, Machinery

At Ag in Motion: 4-H’ers get bigger-picture view of ag industry

Saskatchewan teens have fun at leading ag show

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Whether they were there to learn about leadership, careers in agriculture or just hang out with friends, some happy young people from Saskatchewan 4-H came out in force to Ag in Motion on Wednesday. Shelby Longworth, the provincial programs manager for 4-H Saskatchewan, said the group of older teens wanted to attend for a diverse […] Read more
A rainy day on July 18, 2023 at the Ag in Motion outdoor farm show at Langham, Sask., west of Saskatoon. (Ag in Motion via Twitter)
General, Weather

Prairie Forecast: Summer heat to build back in

Issued July 19, covering July 19 to 26

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It looks like the overall weather pattern is going to undergo another shift. After nearly two weeks of unseasonably cool and unsettled weather over the eastern half of the Prairies, with near-average conditions over the west, it looks like more typically summer weather will move back in. The massive area of low pressure that spun […] Read more
Photo: Canada Beef Inc.
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm; remain near recent highs

A lack of fresh fundamental inputs limited the gains

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Chicago | Reuters – Chicago Mercantile Exchange live cattle edged higher on Wednesday, with tight U.S. supplies keeping prices near contract highs. A lack of fresh fundamental inputs limited the gains. August live cattle futures LCQ3 settled up 0.05 cent at 181.325 cents per pound, ending just below the contract high of 181.875 cents it set […] Read more
Rail cars in Vancouver. (Photo courtesy/copyright Canadian National Railway)
General, Markets

B.C. port strike under cease-and-desist order, for now

Union serves, then withdraws, fresh 72 hours' notice to resume picketing

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Updated, July 19 — Canada’s Industrial Relations Board (CIRB) has ordered British Columbia’s longshoremen back to work until their union serves three days’ notice before restarting strike action. The International Longshore and Warehouse Union (ILWU Canada) — which represents about 7,400 workers at various Vancouver and Prince Rupert port terminals and facilities — said Tuesday […] Read more
A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
General, Markets

B.C. longshore workers resume strike

Union caucus rejects federal mediator's proposed deal

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The union representing longshore workers at Canada’s West Coast ports said its members would return to the picket line Tuesday afternoon after union leaders decided to reject a proposed agreement. The International Longshore and Warehouse Union (ILWU Canada), which represents about 7,400 longshore workers at various Vancouver and Prince Rupert port facilities, said Tuesday afternoon […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

US Livestock: live cattle rise on limited US supply, strong cash prices

Analysts suggest high prices, tight supply may drive meatpackers to cut hours

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures extended gains on Tuesday on worries over limited U.S. supplies. Recent strength in cash prices for cattle helped to support futures, analysts said, after ranchers shrank their herds due to drought and high feed costs. Analysts said there is chatter in the market that high […] Read more
Photo: Canada Beef Inc.
Finishers, Livestock, Markets

Klassen: Feeder market continues climb

Futures spur larger feedlots to lock in ownership

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Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME August live cattle touch new high

Hogs lower as China books higher pork output

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more

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