Chicago Mercantile Exchange (CME) cattle futures turned lower on Wednesday amid news that China has blocked U.S. beef exports coming from a JBS-owned plant in Colorado because traces of the feed additive ractopamine were identified in beef destined for China.
U.S. livestock: Cattle lower on technical trading, JBS-China export news
Meat industry calls on federal gov to ease foreign worker limits
Meat industry groups are asking the federal government to reinstate a program that expanded industry hiring limits for temporary foreign workers (TFWs) and lengthened the validity of paperwork needed for hiring, citing work shortages and impact on food prices.
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Better weather winds for 2024 grazing season
Prairie provinces received vital rains in April and May
Reading Time: 4 minutes The grazing season has had some memorably bad starts in recent years, but 2024 promises to break the cycle across much of the Prairies. “This is the best start we’ve had for a year for a long time,” said Graeme Finn, founder of Union Forage and rancher near Crossfield, Alta. “These pastures now are looking […] Read more
Manitoba crop report: Seeding continues despite large rainfall
Despite heavy rains as well as snowfall, Manitoba farmers were still able to make planting progress during the week ended May 25, according to the province’s weekly crop report.
U.S. livestock: Cattle futures turn higher on packer buying expectations
Chicago Mercantile Exchange (CME) cattle futures turned higher on Tuesday on technical trading and market anticipation that packers increase buying on a shortened holiday week, analysts said.
Klassen: Demand for grass cattle pushes feeder market higher
In the week ending May 25, Western Canadian feeder cattle markets were trading $4 to $8 higher compared to seven days earlier. Some higher quality genetic packages of 700-pound plus cattle were up as much as $10 from week-ago levels.
Eastern Canada’s largest beef processor on strike
Union says a Cargill plant in Calgary could soon take similar action
Nearly 1000 workers at Cargill’s beef processing plant in Guelph hit the picket lines this morning, as workers strike in an effort to gain better compensation.
U.S. livestock: Live cattle mixed, feeder cattle lower ahead of holiday weekend
Chicago Mercantile Exchange live cattle futures ended mixed on Friday, amid growing uncertainty over packer interest after the U.S. Memorial Day holiday weekend, traders said.
Canada, Mexico, U.S. and Australian cattle groups signal support for integrated beef market
The memo of understanding, signed at trilateral meetings in Mexico last week, calls on their respective governments to invest in infrastructure and plans to protect the industry from outbreaks of foreign animal disease. It asks governments to promote livestock production as "an effect tool in land and resource management."
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