Reading Time: 3 minutes As I walk by a storefront that once housed the city’s largest ‘plant-based butcher’, the irony hits me. The new sign announces that this will soon open again – as a beef burger cafe. It brings to light the complexity of understanding Canadian consumers and their varying wants and needs. Protein in all sources is […] Read more
Schoepp: From beyond meat to the return of meat
Climate-based policies frequently ignore consumer preference and economic reality
U.S. livestock: CME cattle rise ahead of bullish data
December lean hogs lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder cattle futures ended higher on Friday as livestock traders adjusted positions in the markets. After the close of trading, the U.S. Department of Agriculture issued monthly data that showed producers placed 3.8 per cent more cattle into feedlots in October than a year earlier, […] Read more
U.S. livestock: CME cattle sag on weakness in equities, cash cattle market
Futures prices indicate that cash prices in the south may fall further
Weakness in equities and the cash cattle market weighed on futures at the Chicago Mercantile Exchange (CME), brokers said. Futures markets rose the previous three days in a turnaround from multi-month lows reached last Friday.
Organic operators down, acreage up: new industry stats
Total organic sales in 2022 was $10.26, billion up from $9.35 billion in 2021
The number of Canadian organic producers and processors fell by nearly 300 in 2022 according to the latest industry stats. “There’s people coming in and there’s people going out,” said Tia Loftsgard, executive director of the Canadian Organic Trade Association (COTA).
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real […] Read more
U.S. livestock: CME cattle up off last week’s sell-off
Lean hog futures also turn higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder futures advanced on Monday in a rebound from recent declines to multi-month lows. Short-covering helped boost the markets, as losses driven by fund liquidation and technical selling last week were overdone, brokers said. The U.S. beef industry still faces tight supplies of cattle, after […] Read more
U.S. livestock: CME live cattle mixed, feeder cattle firm
Lean hogs up with pork cutout
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended the week mixed on Friday, as traders and analysts said technical and algorithmic trading sent contract prices whipsawing during the session. Feeder cattle futures firmed as Chicago corn futures posted a third straight weekly decline, as grain markets continued to react to a […] Read more
U.S. livestock: Cattle sell-off sends nearby contracts plunging
CME hogs mixed in choppy trade
Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the […] Read more
U.S. livestock: Cattle futures rally late in session on technical buying
Hogs down on technical selling
Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures saw a choppy day of trading on Wednesday, before rallying later in the session on short-covering and technical buying, traders said. December live cattle futures dipped below its 200-day moving average of $177.50 before bouncing up (all figures US$). January 2024 feeder cattle futures also […] Read more
U.S. livestock: Cattle futures sink to May lows
CME December hogs continue higher
Chicago | Reuters — U.S. cattle futures sank to their lowest prices since May on Tuesday on fund liquidation and profit-taking, traders said. Follow-through selling pressured the markets after losses on Monday, along with softer boxed beef prices, traders said. The U.S. Department of Agriculture priced choice cuts of beef at $300.38/cwt, down $1.34 from […] Read more
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