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Beef Cattle

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

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

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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
Photo: ARS/USDA
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hog futures climb on strong demand

SubtitleCattle futures were pressured by softer cash prices and uncertain consumer demand

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Chicago | Reuters – Chicago Mercantile Exchange hog futures climbed to nearly four-month highs on Monday, supported by strong demand. “Cash trade got off to a good start. There’s margin out there with where fresh pork values are at. I think that’s helping to move things along,” said Matthew Wiegand, risk management consultant at FuturesOne. […] Read more
(Deyana Robova photo/iStock/Getty Images)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hog futures reach one-week high

For beef processors, margins are worsening

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Chicago | Reuters – Chicago Mercantile Exchange livestock futures rose on Friday, with the hog market reaching its highest price in a week as profit margins improved for pork processors. The hog market has turned higher after dropping to a one-week low on Wednesday. Most-active October lean hog futures LHV3 ended up 1.775 cents to […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures mixed; feeders boosted as corn slumps

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Chicago | Reuters – Feeder cattle futures on the Chicago Mercantile Exchange Group (CME) ticked up again on Thursday, bolstered by continued weakness in corn futures Cv1, while live cattle futures were mixed on somewhat sluggish cash sales, analysts said. The U.S. Agriculture Department said on Thursday morning that export sales of beef rose to 21,400 […] Read more
Market Intelligence Update from Canada Beef: U.S. beef demand on track to remain among 20-year highs
Beef Cattle, Canadian Cattlemen, Global markets

Market Intelligence Update from Canada Beef: U.S. beef demand on track to remain among 20-year highs

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It is no secret that Americans like to barbeque and Circana’s May 2023 consumer survey suggests strong grilling activity for the summer of 2023. U.S. beef demand has been steady so far this year but muted shifts between channels and products are apparent. The current support for beef in the U.S. economy is overshadowed by […] Read more
Cyanobacteria, also known as blue-green algae, can produce toxins that are harmful to livestock, wildlife and people.
Beef Cattle, Livestock, News

Take caution if blue-green algae is present in cattle water

“Blue-green algae can look like blue-green scum, pea soup or grass clippings suspended in the water. You should start watching for it when the temperatures rise above 25 C.”

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Glacier FarmMedia – In over three decades as a veterinarian, Roy Lewis never saw a cow die from ingesting blue-green algae from an infected water source. But he still says it’s an issue ranchers should watch for. Blue-green algae can be instantly deadly to an animal that ingests a sufficient amount. However, it’s tricky to identify as […] Read more
Photo: Canada Beef
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures extend profit-taking slide

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Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group fell on Tuesday for a fourth session on profit-taking after last week’s contract highs, and a month-long slide in wholesale beef prices that erased meat packers’ profit margins, analysts said. CME August live cattle futures LCQ3 settled Tuesday down 0.450 cent at 178.300 cents […] Read more
(File photo)
Beef Cattle, Cow-Calf, Finishers, Hogs, Livestock, Markets, Reuters

U.S. livestock: live cattle futures end mixed; feeders pressured as corn soars

Persistent poor pasture conditions pushing producers to place more cattle in feedlots: analysts

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Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group closed mixed on Monday, with nearby contracts pressured by surging feed grain prices and bearish data in Friday’s monthly U.S. Cattle on Feed report. CME August live cattle futures LCQ3 settled down 1.275 cents at 178.750 cents per pound and most-active October LCV3 […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: tight supplies continue to underpin feeder complex 

Feedlot operators shrug off past week's rally in the corn market

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Compared to last week, Western Canadian yearling markets traded $2-$5/cwt higher on average while calves were up $5/cwt to as much as $10/cwt in some cases. Feather light calves under 500 pounds reached fresh historical highs with 300-400 pound steers trading from $400-$450/cwt in Southern Alberta.  Finishing feedlots continue to be aggressive on yearlings for […] Read more

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