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Livestock Livestock

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

Klassen: Demand surges for grass cattle

Barley, corn expected to be cheaper next fall

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Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Certain auction markets did not have sales due to the shortened holiday week. Adverse weather also shuttered some sales on Wednesday and Thursday in the eastern Prairie region. Southern Alberta feedlots are contending with poor pen conditions which may […] Read more
CME June 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Sizzling cash cattle prices ignite rally in CME futures

April hogs up, June down

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures leapt to contract highs on Thursday as cash prices soared, stoking concerns about tightening U.S. supplies. Meatpackers had to be aggressive in the cash market, brokers said, after ranchers have reduced their herds due to high feed costs and drought in the western U.S. Cattle […] Read more
“I fundamentally believe in farmers and ranchers and their ability to make the world better.” – James Rebanks with son Isaac, Lake District, U.K.
Beef Cattle, Features

U.K. author explores regenerative practices on farm

James Rebanks’s first novel celebrated traditional practices, but since publication, he’s been looking for better ways to farm

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James Rebanks is proud of his farming heritage — in fact, he wrote a best-selling novel featuring traditional farming practices in the U.K. But he wants to do better. Rebanks is from the Lake District of the U.K., an area popular with tourists because of the rolling mountains inset with sapphire-blue lakes. The Rebanks family […] Read more
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle up on higher cash price expectations

June lean hogs hit new lows

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Wednesday on expectations for higher U.S. cash prices this week, as lean hog futures set contract lows, analysts said. Cash cattle were bid at about $168/cwt in the southern Plains, roughly $1 higher than the bulk of trading last week, said Dennis Smith, […] Read more
File photo of a goose hunter and dog in Canada. (Brian Scholl/iStock/Getty Images)
Livestock, Poultry/Eggs

Ontario domestic dog dies of avian flu

Three poultry barns east of Montreal see outbreaks in space of a week

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Pet owners are being warned not to feed their animals raw meat from poultry or game birds or allow pets to consume or play with dead wild birds after the death of a dog from avian flu in southern Ontario. The Canadian Food Inspection Agency on Tuesday reported the results of a necropsy on an […] Read more
CME June 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle slide on profit-taking

April lean hogs set contract low

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Chicago | Reuters — Profit-taking pushed down Chicago Mercantile Exchange cattle futures on Tuesday, while front-month lean hog futures tumbled to another contract low. Losses on Wall Street helped set a negative tone for the markets, as live cattle futures pulled back from contract highs reached on Monday, traders said. “Cattle-wise, we got a bit […] Read more
Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Livestock, Markets, Reuters

McDonald’s reported laying off hundreds of corporate employees

Layoffs don't include restaurant-level workers

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New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more
Photo: Canada Beef
Beef Cattle, Markets, News

Fed cattle prices reach new highs

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

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Fed cattle Fed cattle prices in Canada reached new highs during the second week of March. Urged higher by tightening supplies, smaller beef production, solid demand and stronger cutout values, the average fed steer price reached $203.90/cwt in Alberta. An average of $203.90/cwt is an improvement of nearly 10 per cent or $17.86/cwt since the […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Alberta fed cattle lead feeder market higher

Traders expecting more barley acres this year

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Compared to last week, western Canadian yearling markets traded $3-$5 higher while calf prices advanced $1-$3 on average. Alberta packers were buying fed cattle on a dressed basis of $360/cwt last week, up $3-$10 from a week earlier. Using a 60 per cent grading, live prices would be equivalent to $216. Feeding margins have improved […] Read more
CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle down off highs on profit-taking

Hogs continue mixed on U.S. farrowing intentions

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped on Monday as profit-taking dragged prices down after the market set new contract highs, traders said. CME June live cattle ended down 0.9 cent at 161.225 cents/lb., after reaching a high of 162.525 cents/lb. (all figures US$). That exceeded Friday’s high of 162.175 cents/lb. […] Read more

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