Domestic barley prices are likely to hold steady for now.  Photo: Canada Beef Inc.

MarketsFarm feed barley update: Barley prices holding steady

Canada’s barley supply/demand doesn’t matter to price determination. Domestic barley value is currently tethered to the price of imported U.S. corn, holding steady for the time being. Both are showing around $335/tonne delivered into southern Alberta for nearby delivery. Our best guess is that 2-2.5 MMT of U.S. corn will come into Western Canada in […] Read more

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

U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities

Lean hog futures continue higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more


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

U.S. livestock: CME cattle, hogs rebound after recent losses

'Monday's washout was probably a bit overdone'

Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more

CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures set June lows at CME

Lean hog futures touch contract lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market vulnerable to weakness

Placements higher than expected

Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more

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

U.S. livestock: CME cattle sink to June lows

Lean hogs set contract lows

Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more


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

U.S. livestock: CME hog futures hit contract lows

Cattle futures also sag

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more

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Auction mart report for the week of Oct. 20, 2023

Regional market analysis from Alberta and Manitoba, courtesy of the Livestock Markets Association of Canada members

Southern Manitoba, courtesy of Killarney Auction Mart This week at Killarney Auction Mart: We did see the cull cow market gain some strength this week which is uncommon for this time of year. We are now in the busiest time of the fall run from mid-October to mid-November. We are unlikely to see the market […] Read more


CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle sag on packer margins, beef export sales

December lean hogs turn slightly lower

Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more

CME December 2023 live cattle with 20- and 50-day moving averages and June 2024 live cattle (black line). (Barchart)

U.S. livestock: CME cattle futures mixed as packer margins stay in red

December lean hogs up off Tuesday's contract low; deferred months lower

Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more