The major grazing regions of Western Canada have received over 200 per cent of normal precipitation over the past 30 days. Grassers were red hot. Demand has also increased for herd building heifers which has diminished supplies for finishing feedlots.
Tag Archives Beef
Klassen: Grassers and herd rebuilding confidence keeps feeders elevated
Major grazing regions of Western Canada receive more than double of normal precipitation in last month
U.S. livestock: Lean hogs retreat in nearby contract after rally
Cattle futures declined in a retreat from rallies on Friday
Chicago Mercantile Exchange lean hog futures on Monday ended lower in the front-month contract in a setback from strong recent gains, traders said.
U.S. livestock: Livestock futures rally on technical trading, wholesale pricing
Pork cutout prices firmed, particularly for bellies
Chicago Mercantile Exchange cattle futures rebounded on Friday, capping a volatile week of trading with a flurry of technical moves amid signs that consumer demand for beef remains strong.
U.S. livestock: Cattle futures continue to slide on profit-taking
Traders weigh potential impacts of Texas Panhandle wildfire's effects on cattle supply
Chicago Mercantile Exchange feeder cattle futures fell again on Thursday, amid ongoing profit-taking as some market participants sought cover as cash prices continue to stay firm, traders said.
U.S. livestock: CME feeder cattle slide on profit-taking
June hogs set highest price in nearly a year
Chicago Mercantile Exchange feeder cattle futures crumbled on Wednesday on profit-taking after the market reached a four-month high this week, analysts said.
Klassen: Statistics Canada confirms lower feeder cattle supplies
Precipitation in Alberta, Saskatchewan increases demand for grassers
Compared to last week, Western Canadian yearling or backgrounded steers prices were quoted $5 to $8 higher; yearling or backgrounded heifers were unchanged to $4 higher. Calves were trading $4 to as much as $10 higher.
U.S. livestock: CME live cattle rise on tighter US supply expectations
June hogs rose to highest level in nearly a year
Chicago Mercantile Exchange live cattle futures crept higher on Monday on expectations that U.S. supplies will continue to tighten, analysts said.
U.S. livestock: Cattle rally on fund buying, cheaper feed
Hogs mostly rose for the seventh straight session on strong cash hog prices, traders said
Chicago Mercantile Exchange (CME) cattle futures rallied on Friday, as funds continued to flock into the market and the cost of feed prices fell sharply, market analysts said.
Klassen: Feeder market shows signs of herd expansion
Some buyers suggest some heifers are being purchased for breeding
For the week ending February 17, Western Canadian prices for yearlings and backgrounded cattle were quoted $2-$4/cwt higher than seven days earlier.
U.S. livestock: Lean hogs advance after strong US pork export data
Live cattle, feeder cattle ended day up
Lean hog futures rose on Thursday at the Chicago Mercantile Exchange on robust U.S. pork export demand and follow-through buying from a rally during the previous session, analysts said.