Chicago | Reuters — CME Group feeder cattle contracts rallied on Friday, their second day of gains, as weakening corn prices cut into feed costs and boosted profit margins at packers. Hog futures were weaker on follow-through selling after Thursday’s sharp decline. The August CME feeder cattle contract gained 3.275 cents, to 233.95 cents/lb., rising […] Read more
U.S. livestock: Feeder cattle rally as corn prices sag
Live cattle, lean hogs down
U.S. livestock: Cattle futures rise, hogs fall
Feeder cattle back in Bollinger range
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts […] Read more
U.S. livestock: Feeder cattle down as corn extends rally
Hogs end lower off early gains
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
U.S. livestock: Hogs rally to nine-month high; cattle ease
Cattle futures weaker on seasonal slowdown and profit-taking round
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more
BCRC funds a dozen beef projects
Reading Time: < 1 minute Twelve research projects have been awarded a total of $2 million in funding by the Beef Cattle Research Council. The funds will be leveraged with more than $4 million in matching funding through government and industry partners. As an Alberta beef producer, BCRC chair Craig Lehr sees first-hand how applied research improves the productivity and […] Read more
Ranchers say federal funding key to watering improvements
Not everyone is happy with the way OFCAF does business, with some saying it doesn’t support cutting-edge producers
Reading Time: 5 minutes Installing a pasture pipeline watering system was a pipe dream — literally — for Matt and Angela Kumlin, until they tapped the On-Farm Climate Action Fund. The Kumlins received $70,000 through OFCAF to build a water pipeline on their ranch. Now creeping up on the $100,000 mark, Angela said the project, meant to boost rotational […] Read more
Klassen: 800-lb. steers touch $300/cwt mark
Nearby cash market at odds with futures
For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
Taiwan formally opens to OTM Canadian beef
BSE-era restriction now lifted
Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
The Canadian government has submitted its views on proposed U.S. food labelling rules
Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more
New vaccine tools launched for cattle
Reading Time: 3 minutes Cattle farmers have a new set of tools to help manage vaccination programs for their herds, courtesy of the Beef Cattle Research Council. “As livestock and land managers, we have a lot to consider year to year,” said Brodie Haugan, chair of Alberta Beef Producers. “Tools like the BCRC’s vaccine backgrounder, vaccine handling guidelines, and […] Read more
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