(Photo courtesy Canada Beef Inc.)

Klassen: Steam evaporates off yearling market

August 2024 feeder futures at a premium

Compared to last week, western Canadian yearling markets traded steady to $4 lower. The yearling quality continues to fade as thicker flesh levels are starting to appear. Steer calves were down $4-$8 on average while heifer calves were down $15 to as much as $20 in some cases. From a seasonal perspective, the calf market […] Read more



Conservative agriculture critic John Barlow speaks Nov. 24, 2021 in the House of Commons. (Screengrab from supplied video)

Anti-activist bill back before Commons committee

Bill adds protections for biosecurity, farmers' mental health, Barlow says

A bill to create harsher penalties for unlawful entry onto farms and biosecure zones is back before the House of Commons after a previous iteration died on the order table in 2021. Conservative MP John Barlow brought forward Bill C-275, “an Act to amend the Health of Animals Act (biosecurity on farms),” as a private […] Read more

CME December 2023 lean hogs with 10-, 20- and 100-day moving averages. (Barchart)

U.S. livestock: CME hogs rally, export sales in focus

Cattle futures turn lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more


CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hog futures break losing streak

CME cattle futures close firm

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed firm on Wednesday, snapping a three session losing streak as traders said that the U.S. government’s most recent bearish supply forecast had been priced into the market. Cattle futures were consolidating after posting sharp declines a day earlier, but both feeders and live cattle […] Read more

CME December 2023 live cattle with 20-, 40- and 50-day moving averages. (Barchart)

U.S. livestock: CME cattle futures drop on technical selling

U.S. supply outlook drags on hog futures

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent […] Read more


File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)

Klassen: Feeder market falters at record highs

Risk premiums in market seen eroding

Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally, […] Read more

CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs extend selloff on supply view

Cattle futures book gains

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the […] Read more


CME December 2023 lean hogs with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME lean hogs limit down on USDA report

Chicago cattle also end lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled by the daily trading limit on Friday under pressure from stronger-than-expected productivity in U.S. herds, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended on Thursday, surprised analysts by reporting the average pigs saved per litter reached 11.61 […] Read more

CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs to face bigger-than-expected herd

CME cattle futures turn higher

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to a one-week high on Thursday but face pressure from a U.S. government report that showed a larger-than-expected domestic herd, analysts said. The U.S. Department of Agriculture, in a quarterly report issued after trading ended, said the inventory of all hogs and pigs on […] Read more