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CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff

Boxed beef values limit losses in cattle

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Chicago | Reuters — CME Group livestock futures hit their lowest prices in about two weeks on Tuesday on profit-taking and widespread selling that dragged down commodity and financial markets, analysts said. Traders booked profit in live cattle after the most-active contract reached a fresh high on Thursday, brokers said. Benchmark CME February live cattle […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market to start 2023 on firm tone

Counter-seasonal behaviour expected

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There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME futures ease on profit-taking, feed prices

Smaller cattle supplies remain a concern

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Chicago | Reuters — CME livestock futures eased back on Friday, as traders sought profits after cattle futures hit new contract highs in the previous session and on pressure from a run-up in grains, traders said. U.S. livestock markets will be closed Monday for the New Year holiday. On Tuesday, the markets will pre-open at […] Read more
Ian Tyson, shown here in Corb Lund’s 2019 video for “Ride On,” died Dec. 29, 2022 at age 89. (Corb Lund video screengrab via YouTube)
Livestock

Country icon, Alberta rancher Ian Tyson dies at 89

Musician hailed as 'compassionate rancher and environmentalist'

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Ian Tyson, the British Columbia-born cowboy who became a Canadian folk and country music legend and southern Alberta rancher, died Thursday at age 89. Among his many accolades, Tyson was named to the Order of Canada since 1994 and the Alberta Order of Excellence in 2006. A cause of death was not released Thursday but […] Read more
Stock photo of Corriente cattle. Whether buying roping steers or breeding stock, basic biosecurity is a must. Photo: flariv/iStock/Getty Images Plus
Features, Livestock, Reproductive Diseases

Cheap steers bring more than bargained for

Veterinary Case Study: An effective biosecurity plan is essential to prevent infectious diseases from entering your herd

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Jim visited the office one morning and asked if we could talk. He looked worried, a bit like a child that had gotten into the Halloween candy early. Two years ago, Jim had started team roping with a local club. Good crops and strong cattle prices allowed Jim to build his own small arena. His […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures hit new highs on tight supplies

Technical selling drags on hogs, again

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Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector across the U.S. Great Plains […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Historically high deferred live cattle futures support feeder complex

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Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures ease, supplies in focus

Hog futures down on technical selling

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Chicago | Reuters — CME live cattle futures eased on Wednesday, after moving higher in the previous session, as traders watch for smaller supplies of market-ready cattle moving through the system, traders said. Snow and ice across the U.S. Great Plains last week will likely also reduce supply, shrinking weights of market-ready cattle. “The recent […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures climb on tight supplies

Supply report also bullish for hog futures

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Chicago | Reuters — CME live cattle futures firmed on Tuesday, supported by lower cattle supplies and the impact of cold weather on cattle weights, traders said. Winter weather last week across the U.S. Great Plains likely caused cattle to lose weight amid snow and below-freezing temperatures, said Brad Kooima, commodity broker at Kooima Kooima […] Read more
Vehicles are shown wrecked along the Highway 401/402 corridor near London, Ont. on Dec. 23, 2022. (Ontario Provincial Police photo via Twitter)
Livestock, Reuters, Weather

Winter storm causes havoc across Canada

Alberta ranchers shelter cattle against winds

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Ottawa/Winnipeg | Reuters — Strong winds, freezing rain and heavy snowfall closed schools, cut power to homes and cancelled flights across Canada on Friday as a powerful winter storm swept across the country, prompting authorities to warn people to stay indoors ahead of worsening conditions. The storm is connected to the same freezing weather system […] Read more

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