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CME October 2023 lean hogs with 10-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Chicago hogs turn upward

Cattle futures down on day

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Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up 1.6 cents from Monday, while December closed at 76.25 cents, up 1.825 cents on the day (all figures US$). October hogs had dipped below 82 […] Read more
Colby Hollman took home Supreme Purebred Champion Female with DL Jen-Ty Hot Stuff 550H with her heifer calf BNHC Hot Damn 2L at side.
News, Purely Purebred

Junior Gelbvieh members gather in Swift Current

Purely Purebred, news from the September 2023 issue of Canadian Cattlemen

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The Canadian National Junior Gelbvieh show was held in Swift Current, Sask., from July 27-29. Fifty-one juniors participated in a range of activities and showed 70 head of Gelbvieh and Gelbvieh-influenced cattle. Activities included Cow Camp for the five and under participants, team grooming, “Talkin’ the Block”, 3-D art displays, “Keep and Cull” judging, showmanship, […] Read more
Livestock nutritionist John McKinnon examines three scenarios at how byproduct feeds can be used in cattle feeding programs.
Cow-Calf, Livestock, Nutrition

Using byproduct feeds to influence profitability of backgrounded calves

Nutrition with John McKinnon

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In my last column, I wrote about some of the challenges facing producers who background cattle, both from a marketing and production perspective. Concerning marketing, emphasis was placed on differences between custom and owner-operated businesses. From a production perspective, both knowledge of cost of production and identifying goals of the nutrition program were stressed. Concerning […] Read more
CME April 2024 live cattle with 20- and 50-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Stronger live cattle futures enhance feeder demand

Feeder cattle supplies look to be lower than anticipated

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Compared to last week, western Canadian grass yearling prices were unchanged to $3/cwt lower on average. Steers held value but heifers had a softer tone. Calf prices were relatively unchanged from seven days earlier. However, weaker barley prices and stronger deferred live cattle prices limited any slippage. The calf market continues to be in price […] Read more
CME October 2023 live cattle, with December 2023 live cattle (dark red O/H/L/C). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies

Lean hogs mixed in technical trading

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
Canadian fed cattle supplies tighten, herd liquidation continues
Beef Cattle, Markets, News

Canadian fed cattle supplies tighten, herd liquidation continues

The Markets with Deb McMillin, from the September 26, 2023 issue of Canadian Cattlemen

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Fed cattle The fed cattle market leading up to the Labour Day weekend saw some seasonal pressure. Demand softens towards summer’s end and typically longer-fed, heavier cattle are moving through the system. August ended with an average of $231.76/cwt, which is just six per cent behind the 2023 annual high. The last two weeks of […] Read more
Producers vaccinating calves before weaning.
Marketing

The economics of preconditioning

Why aren’t more producers preconditioning calves? Kathy Larson dives into the research

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Does preconditioning your calves pay? It has been a long-studied and debated topic. When it comes to preconditioning cattle, “every operation is different,” says Kathy Larson, research associate for the department of agricultural and resource economics at the University of Saskatchewan. Larson says there is opportunity for profit in preconditioning every year but it’s variable. […] Read more
CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Tight supply drives CME live cattle to new highs

Hogs down off Wednesday's one-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). December live cattle settled 2.5 […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures ease in technical setback after highs

Nearby lean hogs also down on technical selling

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Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market continues to consolidate

U.S. feeder cattle supplies seen tighter than expected

By ,
Compared to last week, western Canadian grass yearling prices were relatively unchanged. Yearlings over 800 lbs. on light grain rations or on diets mixed with silage were priced at $5 to as much as $20 discount to those cattle coming straight off pasture. Larger groups of uniform quality continue to trade at a minor premium […] Read more

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