
Tag Archives Cattle

U.S. livestock: CME hogs up off three-month low on bargain buying
Chicago cattle futures also gain
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced from a three-month low on Monday and settled higher for the first time in eight sessions in a technical and bargain-buying rally to start the first full trading week of the year. Cattle futures also gained on improved packer demand following recent weeks of […] Read more

Spruce Ranching Co-operative banks on sustainability
Sustainability strategies are paying off at one of Alberta’s oldest grazing sites, but they also come with challenges
[UPDATED: Jan. 10, 2023] The vast, expansive area along the eastern slope of the southwestern Rocky Mountains is stunning, no matter the time of year, with miles of native grassland, abundant creeks and critters: both cattle and carnivores. However, the 22,500 acres of range at the Spruce Ranching Co-operative — locally known as the Spruce […] Read more

U.S. livestock: CME lean hogs extend slide to three-month low
Cattle also lower; "no urgency in this market right now"
Chicago | Reuters — CME lean hog futures sank to a three-month low and closed weaker for the seventh consecutive session on Friday on concerns about weak demand, brokers said. An increase in hog weights also hung over the market, after recent winter storms delayed processing and backed up livestock on farms, brokers said. Pork […] Read more

Characteristics of the cattle market
Market Talk with Jerry Klassen
Every year, I am a guest lecturer to a third-year agriculture economics class at the University of Manitoba. During the lecture, I provide an overview of the fed cattle market. More recently, I was having a discussion with feedlot operators, and they asked about the key to successful marketing and profitability for the feedlot operator. […] Read more

U.S. livestock: CME lean hogs touch three-week low
Most live cattle futures settle lower
Chicago | Reuters — CME lean hog futures set a three-week low on Thursday, under pressure from losses in broader markets and following recent weakness in cash hog prices, analysts said. Feeder cattle futures also ended lower as the market pulled back one day after hitting a September high. Livestock markets took signals from a […] Read more

U.S. livestock: CME hogs weaken, cattle rise as winter storms hit
Hogs touch lowest since Dec. 16
Chicago | Reuters — CME lean hog futures fell to their lowest price in more than two weeks on Wednesday and live cattle futures strengthened as snowstorms continued to disrupt livestock operations. Feeder cattle futures reached their highest price since September. Wintry weather in the northern U.S. Plains has delayed livestock shipments, reduced cattle weights […] Read more

U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff
Boxed beef values limit losses in cattle
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

New Cattle Young Leaders, new ag manager for Lloyd exhibition
NewsMakers from the January 2023 issue of Canadian Cattlemen
Canadian Cattle Young Leaders Austin Ashbacher was born and raised in Alberta. After graduating high school, he travelled to Australia and then completed an agriculture business degree from the University of Alberta. Having grown up on a primarily beef farm, Ashbacher returned to his family farm to pursue a farming career. Now with his wife, […] Read more

Fed cattle prices struggle in fourth quarter
The Markets with Deb McMillin, from the January 2023 issue of Canadian Cattlemen
Fed cattle Fed cattle prices struggled through the fourth quarter of 2022. Front-end supplies were expected to be cleaned up before holiday demand and buying took place. However, fed sellers still struggle with front-end supply and now large fed carcass weights just keep adding pounds that need to be marketed before getting ahead of the […] Read more

Klassen: Feeder market to start 2023 on firm tone
Counter-seasonal behaviour expected
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