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

U.S. livestock: Weak pork demand knocks lean hogs to contract lows

June live cattle up; feeder cattle down

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures sank to contract lows on Friday on concerns over anemic U.S. demand for pork, analysts said. The dramatic price decline fueled projections among traders that hog farmers may reduce their herds, after losing money for months on each pig they raise. Farmers are grappling with […] Read more

Higher interest rates to curb beef demand

Higher interest rates to curb beef demand

Market Talk with Jerry Klassen

Interest rates in Canada and the U.S. have been increasing over the past year as central banks work to bring down inflation. The Bank of Canada and the U.S. Federal Reserve started their policy of monetary tightening in March 2022. One year later, the U.S. Federal Reserve’s benchmark rate was at 5.0 per cent while […] Read more


Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS opens cleaning unit after outside firm fined for hiring kids

Company says has cut ties to cleaning contractor

Chicago | Reuters — JBS USA, one of the biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc. (PSSI), a firm that […] Read more

File photo of goats on display at the Hanover Agricultural Fair in Grunthal, Man. in August 2019. (Dave Bedard photo)

Fairs, exhibitions concerned over new traceability proposals

Event volunteers may lack skills needed, association says

The Canadian Association of Fairs and Exhibitions (CAFE) says proposed federal regulations regarding livestock traceability are putting animal events across the country at risk. Their concerns centre around new directives centred around moving and tagging which they say would affect Canada’s 5,000 fairs, rodeos and other events. The Canadian Food Inspection Agency has proposed that […] Read more


CME August 2023 feeder cattle with 10-, 20- and 30-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle stumble to three-week low

June live cattle, lean hogs also lower

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures slumped to their lowest price in more than three weeks on Thursday, while live cattle futures also eased. Traders said the markets were overbought and pressured by technical selling and long liquidation, after feeder cattle set contract highs last month and front-month live cattle futures […] Read more

CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle extend setback to six-week low

Lean hogs follow cattle futures lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures tumbled to a six-week low on Wednesday, extending a setback from an all-time high last month as technical selling and long liquidation hit the market, brokers said. Losses in equities also pressured cattle futures amid concerns that weakness in the U.S. economy could depress demand […] Read more


CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle hit five-week low

Technical selling, economic worries add pressure; June hogs up

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest level in more than five weeks on Tuesday as technical selling and concerns about the U.S. economy weighed on prices, analysts said. Economic worries increased after the failure over the weekend of First Republic Bank. Wall Street stock indexes sagged ahead […] Read more

(FatCamera/iStock/Getty Images)

Beekeepers call to reopen cross-border package bee trade

Ten years after the last risk assessment, some say it’s time to re-evaluate

Canadian beekeepers are calling for the federal government to reopen the border to the importation of U.S. package honeybees. Witnesses at a meeting of the House of Commons standing committee on agriculture and agri-food last Wednesday presented recommendations for what the government could do to resolve issues of honeybee health decline and bee mortality. The […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle supplies remain snug

Feedlots expect significantly cheaper barley come harvest

Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Premium low-flesh yearlings were one off bids $15-$20 above average. Cattle buyers commented that there were larger volumes of fleshier yearlings. Cattle with heavier butter levels were discounted from our listed values by $5 to as much as $10. […] Read more

CME June 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Live cattle, lean hogs turn lower

August feeder cattle down second day

The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade. CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all […] Read more