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Livestock Livestock

CME July 2023 lean hogs with 20-day moving average (pink line, right column) and CME cash lean hog index (blue line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up two per cent on firm cash markets, short-covering

June live cattle down, later months up

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose more than two per cent on Monday on signs of firming cash hog values, rising wholesale pork prices and short-covering. CME June lean hog futures settled up 2.05 cents at 86.15 cents/lb., with the July contract up 2.175 cents at 87.5 cents […] Read more
Prime Minister Justin Trudeau, federal Emergency Preparedness Minister Bill Blair and Edmonton MP and Tourism Minister Randy Boissonnault are briefed by Canadian Forces Lt. Col. Ben Schmidt at CFB Edmonton on May 15, 2023. (Photo: Reuters/Amber Bracken)
Livestock, Reuters, Weather

Little chance for rain on Alberta wildfires

Coming cold front more windy than rainy in nature, Environment Canada says

By ,
Ottawa | Reuters — Prime Minister Justin Trudeau visited Alberta on Monday as raging wildfires prompted mass evacuations and reduced energy production in Canada’s main oil-producing province, where meteorologists expect virtually no rain for 10 days or so. In Edmonton, Trudeau received an update on firefighting efforts by Canadian soldiers sent to help provincial firefighting […] Read more
A smoke column rises from a wildfire on May 4, 2023 near Lodgepole, Alta., about 30 km southwest of Drayton Valley. (Photo: Alberta Wildfire handout via Reuters)
Livestock, Reuters, Weather

Alberta wildfire fighters prepare for hot, dry days ahead

Temperatures to approach 30 C next week

By ,
Reuters — An extended period of hot, dry weather that risks worsening wildfires in Alberta began on Friday, with special weather alerts in place across Western Canada and officials urging people to be vigilant. More than 100 wildfires have ignited across Alberta since last week, forcing tens of thousands of people to evacuate homes, farms […] Read more
CME August 2023 feeder cattle with 10-, 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise on falling corn prices

Chicago lean hogs also firm

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Chicago | Reuters — CME Group cattle futures contracts rallied on Friday as a government forecast for a record-large U.S. corn harvest raised expectations that feeding costs will weaken as the supply base rises. Hog futures ended firm on signs of improving values in the cash market, traders said. Most actively traded June lean hog […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Livestock, Poultry/Eggs

New report shows poultry sector burdened by expectations

Simpson Centre paper calls for increased research, financial sustainability for sector

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Updated, May 17 — The Simpson Centre for Food and Agricultural Policy has released a report detailing its findings on challenges now facing Canada’s poultry sector. The report, co-authored by research assistant Shawn Wiskar and centre director Guillaume Lhermie and released Thursday, used a focus group of six stakeholders in the Canadian poultry industry. It […] Read more
Smoke rises from a wildfire in Alberta’s Strathcona County, east of Edmonton, on May 5, 2023. (Photo: Video screengrab from @hellohildy on Twitter via Reuters)
Livestock, Weather

Alberta fairs, auctions offer space for evacuated livestock

Central areas catch break with moisture, cooler weather; CN service resumes

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Alberta’s ag societies and livestock auction marts are offering up pen space for producers forced to evacuate animals away from dozens of wildfires in the province’s northern and west-central regions. As of early Thursday evening, the province was tracking 76 active wildfires, of which 22 were listed as “out of control” and 17 as “being […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall on weak export data

CME cattle futures mixed

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Chicago | Reuters — CME Group hog futures fell on Thursday on poor export demand for pork, traders said. Cattle futures were mixed, with live cattle easing on weakening trades in the cash market. Feeder cattle contracts were supported by falling corn prices. The U.S. Agriculture Department said on Thursday morning that beef export sales […] Read more
(Keith Weller photo courtesy ARS/USDA)
Hogs, Livestock, Poultry/Eggs, Reuters

U.S. Supreme Court upholds California’s pig confinement law

Dissent suggests 'substantial burden against interstate commerce'

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Reuters — The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold a lower court’s dismissal of a […] Read more
Photo: Canada Beef
Beef Cattle, Beef Watch, News

Fed, feeder cattle prices in record-high range

Prepared by the staff of Canfax and Canfax Research Services, divisions of the Canadian Cattle Association

By
Fed cattle found substantial tailwinds, making new record-high prices in March 2023. Feeder prices in the first quarter of 2023 are approaching the record highs from 2015. Strong cattle prices are being supported by tighter North American supplies. Following two years of drier conditions, Canadian and U.S. cattle inventories were lower to begin 2023. Fed […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall on poor fundamental outlook

Corn prices expected to remain weak

By ,
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday, as poor demand for pork smothered any bargain-buying attempts to pull prices away from contract lows hit earlier this week. Cattle contracts also were lower, but the declines were kept in check by expectations that corn prices will remain weak and keep feeding […] Read more

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